Invesco Ltd. Sells 67,962 Shares of TotalEnergies SE (NYSE:TTE)

Invesco Ltd. cut its holdings in shares of TotalEnergies SE (NYSE:TTE - Free Report) by 26.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 192,193 shares of the company's stock after selling 67,962 shares during the period. Invesco Ltd.'s holdings in TotalEnergies were worth $10,474,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in TTE. Barclays PLC boosted its position in TotalEnergies by 266.5% during 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 period. Anchor Investment Management LLC boosted its position in TotalEnergies by 109.3% during the 3rd quarter. Anchor Investment Management LLC now owns 942 shares of the company's stock worth $61,000 after buying an additional 492 shares during the period. World Investment Advisors LLC boosted its position in TotalEnergies by 51.6% during the 3rd quarter. World Investment Advisors LLC now owns 4,558 shares of the company's stock worth $295,000 after buying an additional 1,552 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in TotalEnergies during the 3rd quarter worth approximately $303,000. Finally, Tidal Investments LLC boosted its position in TotalEnergies by 5.2% during the 3rd quarter. Tidal Investments LLC now owns 62,692 shares of the company's stock worth $4,051,000 after buying an additional 3,112 shares during the period. 16.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TTE has been the topic of several recent research reports. Scotiabank cut their target price on shares of TotalEnergies from $65.00 to $60.00 and set a "sector perform" rating on the stock in a research report on Friday, April 11th. Citigroup upgraded shares of TotalEnergies from a "neutral" rating to a "buy" rating in a research report on Wednesday, March 26th. Morgan Stanley restated an "equal weight" rating and issued a $64.10 price target (down previously from $70.40) on shares of TotalEnergies in a research report on Tuesday, January 7th. BNP Paribas upgraded shares of TotalEnergies from a "neutral" rating to an "outperform" rating in a research report on Tuesday, April 15th. Finally, Redburn Atlantic upgraded shares of TotalEnergies from a "hold" rating to a "strong-buy" rating in a research report on Thursday, January 23rd. Five investment analysts have rated the stock with a hold rating, four have given a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $69.42.

TotalEnergies Trading Up 0.3 %

Shares of NYSE:TTE traded up $0.16 during mid-day trading on Monday, hitting $60.11. The company had a trading volume of 1,807,725 shares, compared to its average volume of 1,570,911. The firm has a fifty day moving average price of $60.38 and a 200 day moving average price of $59.61. The company has a market capitalization of $144.12 billion, a PE ratio of 9.03, a price-to-earnings-growth ratio of 0.98 and a beta of 0.45. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.10 and a quick ratio of 0.88. TotalEnergies SE has a one year low of $52.78 and a one year high of $74.66.

TotalEnergies (NYSE:TTE - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $1.90 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.74 by $0.16. TotalEnergies had a net margin of 7.34% and a return on equity of 15.22%. As a group, research analysts forecast that TotalEnergies SE will post 8.02 EPS for the current year.

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.