Headinvest LLC Sells 5,290 Shares of TotalEnergies SE (NYSE:TTE)

Headinvest LLC trimmed its position in shares of TotalEnergies SE (NYSE:TTE - Free Report) by 30.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,000 shares of the company's stock after selling 5,290 shares during the quarter. Headinvest LLC's holdings in TotalEnergies were worth $654,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. CSS LLC IL boosted its stake in shares of TotalEnergies by 162.4% during the fourth quarter. CSS LLC IL now owns 40,175 shares of the company's stock valued at $2,190,000 after purchasing an additional 24,866 shares in the last quarter. Waverly Advisors LLC acquired a new stake in shares of TotalEnergies during the fourth quarter valued at about $574,000. Tidal Investments LLC raised its position in shares of TotalEnergies by 227.9% during the fourth quarter. Tidal Investments LLC now owns 205,561 shares of the company's stock worth $11,203,000 after acquiring an additional 142,869 shares during the last quarter. Strategic Global Advisors LLC bought a new position in shares of TotalEnergies during the fourth quarter worth about $268,000. Finally, Snowden Capital Advisors LLC raised its position in shares of TotalEnergies by 0.8% during the fourth quarter. Snowden Capital Advisors LLC now owns 25,441 shares of the company's stock worth $1,407,000 after acquiring an additional 205 shares during the last quarter. 16.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Citigroup upgraded TotalEnergies from a "neutral" rating to a "buy" rating in a research report on Wednesday, March 26th. BNP Paribas upgraded TotalEnergies from a "neutral" rating to an "outperform" rating in a research report on Tuesday, April 15th. Piper Sandler raised their price objective on TotalEnergies from $62.00 to $65.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 13th. Dbs Bank upgraded TotalEnergies from a "hold" rating to a "buy" rating in a research report on Wednesday, May 7th. Finally, HSBC restated a "buy" rating on shares of TotalEnergies in a research report on Tuesday, May 13th. Four research analysts have rated the stock with a hold rating, seven have given a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, TotalEnergies has an average rating of "Moderate Buy" and a consensus target price of $69.36.

TotalEnergies Trading Up 0.7%

TTE stock traded up $0.43 during mid-day trading on Tuesday, reaching $58.32. The company's stock had a trading volume of 609,144 shares, compared to its average volume of 1,622,487. The company has a market cap of $139.83 billion, a price-to-earnings ratio of 8.76, a price-to-earnings-growth ratio of 0.98 and a beta of 0.58. The business's 50 day moving average price is $59.20 and its 200 day moving average price is $58.81. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.36. TotalEnergies SE has a 12 month low of $52.78 and a 12 month high of $73.12.

TotalEnergies (NYSE:TTE - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The company reported $1.83 EPS for the quarter, missing the consensus estimate of $1.88 by ($0.05). The firm 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 quarter in the prior year, the firm earned $2.14 EPS. On average, equities research analysts predict that TotalEnergies SE will post 8.02 EPS for the current year.

About TotalEnergies

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.