Principal Street Partners LLC Lowers Position in TotalEnergies SE (NYSE:TTE)

Principal Street Partners LLC lowered its holdings in shares of TotalEnergies SE (NYSE:TTE - Free Report) by 49.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,640 shares of the company's stock after selling 5,452 shares during the period. 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 have also bought and sold shares of TTE. Barclays PLC grew its stake in shares of TotalEnergies by 266.5% in the 3rd quarter. Barclays PLC now owns 674,154 shares of the company's stock worth $43,564,000 after buying an additional 490,187 shares during the last quarter. Merit Financial Group LLC bought a new stake in TotalEnergies in the fourth quarter worth $412,000. Arkadios Wealth Advisors grew its stake in shares of TotalEnergies by 16.3% in the fourth quarter. Arkadios Wealth Advisors now owns 9,828 shares of the company's stock worth $536,000 after acquiring an additional 1,376 shares during the last quarter. HB Wealth Management LLC increased its holdings in shares of TotalEnergies by 50.9% during the fourth quarter. HB Wealth Management LLC now owns 15,481 shares of the company's stock valued at $844,000 after acquiring an additional 5,219 shares in the last quarter. Finally, Diversify Wealth Management LLC raised its position in shares of TotalEnergies by 33.1% in the 4th quarter. Diversify Wealth Management LLC now owns 13,216 shares of the company's stock worth $749,000 after purchasing an additional 3,284 shares during the last quarter. Hedge funds and other institutional investors own 16.53% of the company's stock.

TotalEnergies Stock Performance

NYSE:TTE traded down $0.26 during trading hours on Monday, reaching $57.90. The company had a trading volume of 1,340,604 shares, compared to its average volume of 1,626,428. The firm has a market cap of $138.82 billion, a price-to-earnings ratio of 8.69, a PEG ratio of 0.98 and a beta of 0.58. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.36. The firm's 50 day moving average price is $59.32 and its 200-day moving average price is $58.84. TotalEnergies SE has a 52 week low of $52.78 and a 52 week high of $73.12.

TotalEnergies (NYSE:TTE - Get Free Report) last issued 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 during the quarter, compared to the consensus estimate of $41.23 billion. TotalEnergies had a return on equity of 15.22% and a net margin of 7.34%. During the same period in the previous year, the firm earned $2.14 EPS. On average, analysts forecast that TotalEnergies SE will post 8.02 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on TTE shares. Morgan Stanley raised shares of TotalEnergies from an "equal weight" rating to an "overweight" rating and set a $60.80 price objective on the stock in a research report on Monday, May 12th. BNP Paribas upgraded shares of TotalEnergies from a "neutral" rating to an "outperform" rating in a report on Tuesday, April 15th. Scotiabank reduced their price target on shares of TotalEnergies from $65.00 to $60.00 and set a "sector perform" rating for the company in a research report on Friday, April 11th. Dbs Bank raised TotalEnergies from a "hold" rating to a "buy" rating in a research report on Wednesday, May 7th. Finally, Piper Sandler increased their target price on TotalEnergies from $62.00 to $65.00 and gave the company a "neutral" rating in a research note on Tuesday, May 13th. Four equities research 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's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $69.36.

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.