Equity Investment Corp Sells 133,949 Shares of TotalEnergies SE (NYSE:TTE)

Equity Investment Corp trimmed its position in shares of TotalEnergies SE (NYSE:TTE - Free Report) by 8.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,501,206 shares of the company's stock after selling 133,949 shares during the period. TotalEnergies makes up about 2.8% of Equity Investment Corp's holdings, making the stock its 12th biggest holding. Equity Investment Corp owned 0.06% of TotalEnergies worth $101,151,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in TTE. Sound View Wealth Advisors Group LLC raised its position in shares of TotalEnergies by 7.3% in the 4th quarter. Sound View Wealth Advisors Group LLC now owns 3,844 shares of the company's stock valued at $259,000 after purchasing an additional 263 shares in the last quarter. Quadrant Capital Group LLC grew its stake in TotalEnergies by 13.1% in the fourth quarter. Quadrant Capital Group LLC now owns 18,658 shares of the company's stock worth $1,257,000 after purchasing an additional 2,159 shares in the last quarter. Capital Wealth Planning LLC raised its stake in TotalEnergies by 94.8% during the fourth quarter. Capital Wealth Planning LLC now owns 38,420 shares of the company's stock valued at $2,589,000 after buying an additional 18,699 shares in the last quarter. Vise Technologies Inc. grew its position in shares of TotalEnergies by 5.3% in the 4th quarter. Vise Technologies Inc. now owns 15,432 shares of the company's stock worth $1,040,000 after acquiring an additional 771 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its position in shares of TotalEnergies by 36.1% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 117,945 shares of the company's stock valued at $7,947,000 after acquiring an additional 31,308 shares in the last quarter. 13.22% of the stock is owned by hedge funds and other institutional investors.

TotalEnergies Stock Performance

NYSE TTE traded up $1.04 during midday trading on Friday, hitting $73.19. The company had a trading volume of 944,302 shares, compared to its average volume of 1,098,396. The firm has a fifty day simple moving average of $71.24 and a two-hundred day simple moving average of $67.85. TotalEnergies SE has a fifty-two week low of $54.94 and a fifty-two week high of $74.97. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.31. The stock has a market cap of $172.12 billion, a price-to-earnings ratio of 8.26, a P/E/G ratio of 1.82 and a beta of 0.70.

TotalEnergies (NYSE:TTE - Get Free Report) last released its earnings results on Friday, April 26th. The company reported $2.14 earnings per share for the quarter, topping analysts' consensus estimates of $1.96 by $0.18. The business had revenue of $56.28 billion for the quarter, compared to the consensus estimate of $59.64 billion. TotalEnergies had a return on equity of 18.30% and a net margin of 9.52%. Equities analysts forecast that TotalEnergies SE will post 9.08 earnings per share for the current fiscal year.

Insider Activity at TotalEnergies

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Scotiabank boosted their price objective on shares of TotalEnergies from $74.00 to $86.00 and gave the company a "sector perform" rating in a research report 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 report on Thursday, April 18th. Six research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, TotalEnergies has a consensus rating of "Hold" and an average price target of $70.75.

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.