TotalEnergies SE (NYSE:TTE) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC trimmed its stake in shares of TotalEnergies SE (NYSE:TTE - Free Report) by 10.8% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 53,612 shares of the company's stock after selling 6,470 shares during the period. Yousif Capital Management LLC's holdings in TotalEnergies were worth $3,468,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Apollon Wealth Management LLC grew its stake in shares of TotalEnergies by 4.1% during the 4th quarter. Apollon Wealth Management LLC now owns 4,448 shares of the company's stock valued at $242,000 after acquiring an additional 174 shares during the period. First Horizon Advisors Inc. boosted its position in shares of TotalEnergies by 9.1% during the 4th 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 increased its holdings in shares of TotalEnergies by 3.3% in 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. boosted its holdings in shares of TotalEnergies by 65.8% in the 1st quarter. Financial Management Professionals Inc. now owns 484 shares of the company's stock worth $31,000 after purchasing an additional 192 shares during the period. Finally, UMB Bank n.a. increased its position in TotalEnergies by 5.4% during the first quarter. UMB Bank n.a. now owns 3,936 shares of the company's stock valued at $255,000 after acquiring an additional 201 shares during the last quarter. 16.53% of the stock is owned by institutional investors.

TotalEnergies Stock Performance

TTE stock traded up $0.41 during midday trading on Friday, hitting $63.48. 4,207,867 shares of the stock traded hands, compared to its average volume of 1,651,302. TotalEnergies SE has a 1-year low of $52.78 and a 1-year high of $71.03. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.10 and a quick ratio of 0.88. The firm has a market cap of $152.20 billion, a P/E ratio of 9.53, a PEG ratio of 0.98 and a beta of 0.56. The stock's fifty day simple moving average is $58.40 and its 200-day simple moving average is $58.80.

TotalEnergies (NYSE:TTE - Get Free Report) last released its quarterly 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 net margin of 7.34% and a return on equity of 15.22%. The company had revenue of $47.90 billion during the quarter, compared to analyst estimates of $41.23 billion. During the same period in the prior year, the business posted $2.14 EPS. On average, analysts expect that TotalEnergies SE will post 8.02 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on TTE. Dbs Bank upgraded TotalEnergies from a "hold" rating to a "buy" rating in a report on Wednesday, May 7th. HSBC reissued a "buy" rating on shares of TotalEnergies in a research report on Tuesday, May 13th. Morgan Stanley raised shares of TotalEnergies from an "equal weight" rating to an "overweight" rating and set a $60.80 target price for the company in a research report on Monday, May 12th. Scotiabank dropped their price target on TotalEnergies from $65.00 to $60.00 and set a "sector perform" rating on the stock in a research note on Friday, April 11th. Finally, Citigroup upgraded TotalEnergies from a "neutral" rating to a "buy" rating in a research note on Wednesday, March 26th. Four research analysts have rated the stock with a hold rating, seven have issued a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently 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.