TotalEnergies SE (NYSE:TTE) Shares Sold by Quantinno Capital Management LP

Quantinno Capital Management LP lowered its position in shares of TotalEnergies SE (NYSE:TTE - Free Report) by 17.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 59,439 shares of the company's stock after selling 12,907 shares during the period. Quantinno Capital Management LP's holdings in TotalEnergies were worth $3,239,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Bank of America Corp DE grew its position in TotalEnergies by 121.1% in the 4th quarter. Bank of America Corp DE now owns 7,648,225 shares of the company's stock valued at $416,828,000 after buying an additional 4,189,652 shares in the last quarter. Raymond James Financial Inc. bought a new position in TotalEnergies in the 4th quarter valued at about $156,044,000. Franklin Resources Inc. lifted its holdings in TotalEnergies by 41.7% in the 4th quarter. Franklin Resources Inc. now owns 5,685,348 shares of the company's stock valued at $309,851,000 after acquiring an additional 1,672,387 shares during the last quarter. Northern Trust Corp lifted its holdings in TotalEnergies by 41.7% in the 4th quarter. Northern Trust Corp now owns 1,783,017 shares of the company's stock valued at $97,174,000 after acquiring an additional 524,314 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its holdings in TotalEnergies by 295.3% in the 4th quarter. BNP Paribas Financial Markets now owns 689,494 shares of the company's stock valued at $37,577,000 after acquiring an additional 515,088 shares during the last quarter. Institutional investors own 16.53% of the company's stock.

TotalEnergies Trading Down 0.5%

Shares of TotalEnergies stock opened at $59.36 on Tuesday. The company's fifty day simple moving average is $59.65 and its 200-day simple moving average is $58.95. The company has a market cap of $142.33 billion, a price-to-earnings ratio of 8.91, 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. TotalEnergies SE has a 1 year low of $52.78 and a 1 year high of $73.12.

TotalEnergies (NYSE:TTE - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $1.83 earnings per share 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 business had revenue of $47.90 billion for the quarter, compared to analyst estimates of $41.23 billion. During the same quarter in the prior year, the firm earned $2.14 EPS. As a group, sell-side analysts expect that TotalEnergies SE will post 8.02 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Citigroup upgraded shares of TotalEnergies from a "neutral" rating to a "buy" rating in a report on Wednesday, March 26th. Piper Sandler increased their price target on shares of TotalEnergies from $62.00 to $65.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 13th. BNP Paribas raised shares of TotalEnergies from a "neutral" rating to an "outperform" rating in a research report on Tuesday, April 15th. Dbs Bank raised shares of TotalEnergies from a "hold" rating to a "buy" rating in a research report on Wednesday, May 7th. Finally, Redburn Atlantic raised shares of TotalEnergies from a "hold" rating to a "strong-buy" rating in a research report on Thursday, January 23rd. Four research analysts have rated the stock with a hold rating, seven have assigned a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $69.36.

TotalEnergies 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.

Want to see what other hedge funds are holding TTE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TotalEnergies SE (NYSE:TTE - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.