TotalEnergies SE (NYSE:TTE) Holdings Lowered by Todd Asset Management LLC

Todd Asset Management LLC reduced its position in shares of TotalEnergies SE (NYSE:TTE - Free Report) by 6.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,113,532 shares of the company's stock after selling 79,723 shares during the quarter. TotalEnergies comprises approximately 1.7% of Todd Asset Management LLC's holdings, making the stock its 5th largest holding. Todd Asset Management LLC's holdings in TotalEnergies were worth $75,030,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of TTE. Legacy Financial Advisors Inc. grew its stake in shares of TotalEnergies by 12.0% in the 4th quarter. Legacy Financial Advisors Inc. now owns 13,001 shares of the company's stock worth $876,000 after buying an additional 1,394 shares in the last quarter. Sapient Capital LLC purchased a new stake in shares of TotalEnergies during the 4th quarter valued at about $328,000. U.S. Capital Wealth Advisors LLC bought a new position in shares of TotalEnergies in the 4th quarter valued at about $282,000. LSV Asset Management grew its position in TotalEnergies by 583.3% in the fourth quarter. LSV Asset Management now owns 32,800 shares of the company's stock worth $2,210,000 after acquiring an additional 28,000 shares in the last quarter. Finally, M&T Bank Corp increased its stake in TotalEnergies by 1.8% during the fourth quarter. M&T Bank Corp now owns 211,499 shares of the company's stock worth $14,251,000 after acquiring an additional 3,656 shares during the last quarter. 13.22% of the stock is owned by hedge funds and other institutional investors.

TotalEnergies Trading Up 0.3 %

Shares of NYSE:TTE traded up $0.23 during trading hours on Friday, hitting $71.63. 744,251 shares of the company's stock traded hands, compared to its average volume of 1,386,107. The firm has a market capitalization of $168.45 billion, a P/E ratio of 8.08, a price-to-earnings-growth ratio of 1.78 and a beta of 0.70. The business has a fifty day moving average price of $69.56 and a 200-day moving average price of $67.39. TotalEnergies SE has a 1 year low of $54.94 and a 1 year high of $74.97. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.09 and a quick ratio of 0.90.

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 analysts' consensus estimates of $2.43 by ($0.27). The business had revenue of $54.77 billion for the quarter, compared to the consensus estimate of $55.14 billion. TotalEnergies had a return on equity of 18.30% and a net margin of 9.52%. During the same period in the prior year, the business posted $2.97 earnings per share. Equities analysts expect that TotalEnergies SE will post 9.18 earnings per share for the current year.

Analyst Upgrades and Downgrades

TTE has been the subject of several analyst reports. Scotiabank raised their price objective on 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 raised their price target on TotalEnergies from $75.00 to $79.00 and gave the stock a "neutral" rating in a research report on Thursday, April 18th. Six equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $70.75.

Insider Transactions at TotalEnergies

In related news, Director Se Totalenergies purchased 196,964 shares of TotalEnergies stock in a transaction that occurred on Thursday, March 28th. The shares were bought at an average price of $22.86 per share, with a total value of $4,502,597.04. Following the purchase, 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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.