Axecap Investments LLC lessened its position in TotalEnergies SE (NYSE:TTE - Free Report) by 10.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 44,753 shares of the company's stock after selling 5,402 shares during the period. TotalEnergies makes up about 2.5% of Axecap Investments LLC's investment portfolio, making the stock its 16th biggest holding. Axecap Investments LLC's holdings in TotalEnergies were worth $2,895,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in the stock. Apollon Wealth Management LLC increased its position in shares of TotalEnergies by 4.1% during the fourth quarter. Apollon Wealth Management LLC now owns 4,448 shares of the company's stock worth $242,000 after acquiring an additional 174 shares in the last quarter. First Horizon Advisors Inc. lifted its stake in TotalEnergies by 9.1% in the fourth quarter. First Horizon Advisors Inc. now owns 2,217 shares of the company's stock valued at $121,000 after acquiring an additional 184 shares during the last quarter. J2 Capital Management Inc lifted its stake in shares of TotalEnergies by 3.3% during the 1st quarter. J2 Capital Management Inc now owns 5,954 shares of the company's stock worth $385,000 after buying an additional 191 shares during the last quarter. Financial Management Professionals Inc. lifted its stake in shares of TotalEnergies by 65.8% during the 1st quarter. Financial Management Professionals Inc. now owns 484 shares of the company's stock worth $31,000 after buying an additional 192 shares during the last quarter. Finally, UMB Bank n.a. lifted its stake in shares of TotalEnergies by 5.4% during the 1st quarter. UMB Bank n.a. now owns 3,936 shares of the company's stock worth $255,000 after buying an additional 201 shares during the last quarter. Institutional investors own 16.53% of the company's stock.
Analyst Ratings Changes
Several analysts have weighed in on the stock. Morgan Stanley upgraded shares of TotalEnergies from an "equal weight" rating to an "overweight" rating and set a $60.80 price objective for the company in a research note on Monday, May 12th. BNP Paribas upgraded shares of TotalEnergies from a "neutral" rating to an "outperform" rating in a research note on Tuesday, April 15th. HSBC reiterated a "buy" rating on shares of TotalEnergies in a research note on Tuesday, May 13th. Scotiabank dropped their price objective on shares of TotalEnergies from $65.00 to $60.00 and set a "sector perform" rating for the company in a research note on Friday, April 11th. Finally, Piper Sandler lifted their price objective on shares of TotalEnergies from $62.00 to $65.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 13th. Four research analysts have rated the stock with a hold rating, seven have assigned a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $69.36.
View Our Latest Research Report on TTE
TotalEnergies Price Performance
Shares of TotalEnergies stock traded up $0.93 during midday trading on Thursday, hitting $63.04. 1,734,324 shares of the company traded hands, compared to its average volume of 1,641,074. The stock has a market cap of $151.15 billion, a price-to-earnings ratio of 9.47, a PEG ratio of 0.98 and a beta of 0.56. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.88 and a current ratio of 1.10. The firm's fifty day moving average price is $58.25 and its 200-day moving average price is $58.76. TotalEnergies SE has a 12 month low of $52.78 and a 12 month high of $71.03.
TotalEnergies (NYSE:TTE - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $1.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.88 by ($0.05). The company had revenue of $47.90 billion for the quarter, compared to the consensus estimate of $41.23 billion. TotalEnergies had a net margin of 7.34% and a return on equity of 15.22%. During the same period last year, the firm posted $2.14 earnings per share. As a group, sell-side analysts forecast that TotalEnergies SE will post 8.02 earnings per share for the current year.
About TotalEnergies
(
Free Report)
TotalEnergies SE, a multi-energy company, produces and markets oil and biofuels, natural gas, green gases, renewables, and electricity in France, rest of Europe, North America, Africa, and internationally. It operates through five segments: Exploration & Production, Integrated LNG, Integrated Power, Refining & Chemicals, and Marketing & Services.
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