Principal Street Partners LLC Sells 5,452 Shares of TotalEnergies SE (NYSE:TTE)

Principal Street Partners LLC cut its holdings in TotalEnergies SE (NYSE:TTE - Free Report) by 49.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,640 shares of the company's stock after selling 5,452 shares during the quarter. Principal Street Partners LLC's holdings in TotalEnergies were worth $307,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TTE. Asset Planning Inc acquired a new stake in shares of TotalEnergies in the fourth quarter valued at $31,000. Bernard Wealth Management Corp. acquired a new stake in shares of TotalEnergies in the fourth quarter valued at $32,000. HHM Wealth Advisors LLC increased its stake in shares of TotalEnergies by 156.3% in the fourth quarter. HHM Wealth Advisors LLC now owns 656 shares of the company's stock valued at $36,000 after buying an additional 400 shares in the last quarter. Stonebridge Financial Group LLC acquired a new stake in shares of TotalEnergies in the fourth quarter valued at $49,000. Finally, SRS Capital Advisors Inc. increased its stake in shares of TotalEnergies by 108.4% in the fourth quarter. SRS Capital Advisors Inc. now owns 1,186 shares of the company's stock valued at $65,000 after buying an additional 617 shares in the last quarter. 16.53% of the stock is currently owned by institutional investors and hedge funds.

TotalEnergies Trading Down 0.5%

TTE traded down $0.26 during midday trading on Friday, reaching $57.90. 1,340,604 shares of the company were exchanged, compared to its average volume of 1,623,268. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.88 and a current ratio of 1.10. TotalEnergies SE has a one year low of $52.78 and a one year high of $73.12. The stock has a market capitalization of $138.82 billion, a P/E ratio of 8.69, a PEG ratio of 0.98 and a beta of 0.58. The stock's 50-day simple moving average is $59.32 and its 200 day simple moving average is $58.88.

TotalEnergies (NYSE:TTE - Get Free Report) last issued its earnings results on Wednesday, April 30th. The company reported $1.83 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.88 by ($0.05). TotalEnergies had a return on equity of 15.22% and a net margin of 7.34%. The company had revenue of $47.90 billion for the quarter, compared to the consensus estimate of $41.23 billion. During the same quarter last year, the business posted $2.14 EPS. As a group, analysts forecast that TotalEnergies SE will post 8.02 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on TTE. Redburn Atlantic upgraded TotalEnergies from a "hold" rating to a "strong-buy" rating in a research note on Thursday, January 23rd. Scotiabank lowered their price objective on TotalEnergies from $65.00 to $60.00 and set a "sector perform" rating for the company in a research report on Friday, April 11th. Morgan Stanley upgraded TotalEnergies from an "equal weight" rating to an "overweight" rating and set a $60.80 price objective for the company in a research report on Monday, May 12th. Dbs Bank upgraded TotalEnergies from a "hold" rating to a "buy" rating in a research report on Wednesday, May 7th. Finally, HSBC reiterated a "buy" rating on shares of TotalEnergies in a research report on Tuesday, May 13th. Four investment analysts have rated the stock with a hold rating, seven have given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $69.36.

TotalEnergies Company Profile

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.