Miller Howard Investments Inc. NY Has $57.40 Million Stock Position in TotalEnergies SE (NYSE:TTE)

Miller Howard Investments Inc. NY reduced its stake in shares of TotalEnergies SE (NYSE:TTE - Free Report) by 11.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 851,886 shares of the company's stock after selling 109,035 shares during the period. TotalEnergies comprises 2.0% of Miller Howard Investments Inc. NY's investment portfolio, making the stock its 17th biggest position. Miller Howard Investments Inc. NY's holdings in TotalEnergies were worth $57,400,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also bought and sold shares of TTE. Portside Wealth Group LLC bought a new stake in shares of TotalEnergies in the 2nd quarter valued at about $343,000. Oppenheimer & Co. Inc. grew its position in TotalEnergies by 219.4% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 12,987 shares of the company's stock worth $854,000 after purchasing an additional 8,921 shares during the period. Main Street Research LLC bought a new stake in shares of TotalEnergies in the third quarter worth $10,979,000. Mariner LLC increased its holdings in TotalEnergies by 9.6% during the third quarter. Mariner LLC now owns 95,857 shares of the company's stock valued at $6,304,000 after buying an additional 8,400 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. purchased a new stake in shares of TotalEnergies in the third quarter worth $7,354,000. 13.22% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Se Totalenergies acquired 196,964 shares of the business's stock in a transaction dated Thursday, March 28th. The shares were bought at an average cost of $22.86 per share, for a total transaction of $4,502,597.04. Following the acquisition, the director now directly owns 295,235 shares in the company, valued at approximately $6,749,072.10. The purchase was disclosed in a filing with the SEC, which is available through this link.

TotalEnergies Price Performance

NYSE:TTE traded down $0.64 during trading hours on Tuesday, hitting $73.03. 805,583 shares of the stock were exchanged, compared to its average volume of 1,739,423. TotalEnergies SE has a 52-week low of $54.94 and a 52-week high of $74.06. The company has a market cap of $171.75 billion, a P/E ratio of 8.50, a P/E/G ratio of 1.77 and a beta of 0.72. The company has a current ratio of 1.12, a quick ratio of 0.90 and a debt-to-equity ratio of 0.34. The firm's fifty day moving average price is $66.49 and its 200 day moving average price is $66.43.

TotalEnergies (NYSE:TTE - Get Free Report) last issued its quarterly earnings results on Wednesday, February 7th. The company reported $2.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.43 by ($0.27). TotalEnergies had a return on equity of 19.61% and a net margin of 9.19%. The business had revenue of $54.77 billion for the quarter, compared to analyst estimates of $55.14 billion. During the same period in the prior year, the company posted $2.97 EPS. As a group, equities research analysts anticipate that TotalEnergies SE will post 9.22 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Piper Sandler decreased their price target on shares of TotalEnergies from $76.00 to $75.00 and set a "neutral" rating on the stock in a research note on Thursday, March 14th. Five equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $64.33.

About TotalEnergies

TotalEnergies SE, a multi-energy company, produces and markets fuels, natural gas, and electricity in France, rest of Europe, North America, Africa, and internationally. It operates through Integrated Gas, Renewables & Power; Exploration & Production; Refining & Chemicals; and Marketing & Services segments.