TotalEnergies SE (NYSE:TTE) Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. trimmed its position in shares of TotalEnergies SE (NYSE:TTE - Free Report) by 6.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,986,757 shares of the company's stock after selling 297,531 shares during the period. TotalEnergies comprises 0.7% of Federated Hermes Inc.'s holdings, making the stock its 29th biggest holding. Federated Hermes Inc. owned approximately 0.16% of TotalEnergies worth $268,628,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. Key Financial Inc grew its stake in TotalEnergies by 139.0% in the 4th quarter. Key Financial Inc now owns 380 shares of the company's stock worth $26,000 after acquiring an additional 221 shares in the last quarter. Motco grew its stake in TotalEnergies by 216.2% in the 3rd quarter. Motco now owns 468 shares of the company's stock worth $31,000 after acquiring an additional 320 shares in the last quarter. Arlington Trust Co LLC bought a new position in TotalEnergies in the 3rd quarter worth about $31,000. Fortis Capital Advisors LLC bought a new position in TotalEnergies in the 4th quarter worth about $32,000. Finally, SRS Capital Advisors Inc. bought a new position in TotalEnergies in the 3rd quarter worth about $36,000. 13.22% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

TTE has been the topic of a number of recent research reports. Scotiabank increased their price objective on shares of TotalEnergies from $74.00 to $86.00 and gave the company a "sector perform" rating in a research note on Thursday, April 11th. Piper Sandler increased their price objective on shares of TotalEnergies from $75.00 to $79.00 and gave the company a "neutral" rating in a research note on Thursday. Six equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, TotalEnergies currently has an average rating of "Hold" and an average price target of $70.75.

Insider Activity at TotalEnergies

In other news, Director Se Totalenergies bought 196,964 shares of the firm's stock in a transaction that occurred on Thursday, March 28th. The stock was bought at an average price of $22.86 per share, with a total value of $4,502,597.04. Following the completion of the transaction, the director now directly owns 295,235 shares of the company's stock, valued at approximately $6,749,072.10. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

TotalEnergies Stock Down 1.1 %

Shares of NYSE TTE traded down $0.80 during midday trading on Thursday, reaching $70.95. 2,048,682 shares of the company's stock traded hands, compared to its average volume of 1,729,246. TotalEnergies SE has a one year low of $54.94 and a one year high of $74.06. The stock's 50 day simple moving average is $67.71 and its 200-day simple moving average is $66.78. The company has a quick ratio of 0.90, a current ratio of 1.12 and a debt-to-equity ratio of 0.34. The company has a market cap of $166.85 billion, a price-to-earnings ratio of 8.18, a P/E/G ratio of 1.71 and a beta of 0.72.

TotalEnergies (NYSE:TTE - Get Free Report) last posted its earnings results on Wednesday, February 7th. The company reported $2.16 EPS for the quarter, missing analysts' consensus estimates of $2.43 by ($0.27). TotalEnergies had a net margin of 9.19% and a return on equity of 19.61%. The firm had revenue of $54.77 billion for the quarter, compared to analysts' expectations of $55.14 billion. During the same period in the previous year, the company earned $2.97 EPS. On average, analysts predict that TotalEnergies SE will post 9.41 EPS for the current fiscal year.

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.