Parkwood LLC trimmed its position in shares of TotalEnergies SE (NYSE:TTE - Free Report) by 29.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 103,905 shares of the company's stock after selling 43,711 shares during the quarter. Parkwood LLC's holdings in TotalEnergies were worth $5,663,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of the company. Barclays PLC raised its holdings in TotalEnergies by 266.5% during the third 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 last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in TotalEnergies by 0.9% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 53,035 shares of the company's stock worth $2,890,000 after purchasing an additional 457 shares during the last quarter. Moody National Bank Trust Division bought a new stake in TotalEnergies in the 4th quarter worth about $253,000. Marcum Wealth LLC increased its stake in TotalEnergies by 9.0% in the 4th quarter. Marcum Wealth LLC now owns 4,321 shares of the company's stock valued at $235,000 after buying an additional 355 shares during the last quarter. Finally, Park Avenue Securities LLC lifted its position in shares of TotalEnergies by 22.5% during the 4th quarter. Park Avenue Securities LLC now owns 33,230 shares of the company's stock worth $1,811,000 after buying an additional 6,114 shares in the last quarter. 16.53% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several research firms have recently issued reports on TTE. BNP Paribas raised TotalEnergies from a "neutral" rating to an "outperform" rating in a report on Tuesday, April 15th. Piper Sandler boosted their price objective on TotalEnergies from $62.00 to $65.00 and gave the stock a "neutral" rating in a research report on Tuesday. Citigroup upgraded TotalEnergies from a "neutral" rating to a "buy" rating in a research note on Wednesday, March 26th. Dbs Bank upgraded TotalEnergies from a "hold" rating to a "buy" rating in a research note on Wednesday, May 7th. Finally, Scotiabank reduced their price target on shares of TotalEnergies from $65.00 to $60.00 and set a "sector perform" rating for the company in a research report on Friday, April 11th. Four equities research analysts have rated the stock with a hold rating, six have given a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $69.36.
View Our Latest Research Report on TotalEnergies
TotalEnergies Trading Up 2.0%
Shares of TotalEnergies stock opened at $59.85 on Wednesday. The stock has a market capitalization of $143.50 billion, a P/E ratio of 8.99, a P/E/G ratio of 0.98 and a beta of 0.58. TotalEnergies SE has a 52-week low of $52.78 and a 52-week high of $74.21. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.88 and a current ratio of 1.10. The stock's 50-day simple moving average is $59.81 and its 200 day simple moving average is $59.10.
TotalEnergies (NYSE:TTE - Get Free Report) last posted its earnings results on Wednesday, April 30th. The company reported $1.83 earnings per share for the quarter, missing the consensus estimate of $1.88 by ($0.05). The business had revenue of $47.90 billion during the quarter, compared to analysts' expectations of $41.23 billion. TotalEnergies had a return on equity of 15.22% and a net margin of 7.34%. During the same quarter in the previous year, the business earned $2.14 EPS. As a group, research analysts anticipate that TotalEnergies SE will post 8.02 EPS for the current year.
TotalEnergies Profile
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Free Report)
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.
See Also
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