Rockefeller Capital Management L.P. Lowers Stake in TotalEnergies SE (NYSE:TTE)

Rockefeller Capital Management L.P. trimmed its position in shares of TotalEnergies SE (NYSE:TTE - Free Report) by 22.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,005,959 shares of the company's stock after selling 292,543 shares during the period. Rockefeller Capital Management L.P.'s holdings in TotalEnergies were worth $54,839,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of TTE. Clear Creek Financial Management LLC purchased a new stake in shares of TotalEnergies in the 4th quarter worth about $345,000. Franklin Resources Inc. increased its stake in shares of TotalEnergies by 41.7% during the fourth quarter. Franklin Resources Inc. now owns 5,685,348 shares of the company's stock valued at $309,851,000 after purchasing an additional 1,672,387 shares in the last quarter. Logan Capital Management Inc. lifted its holdings in shares of TotalEnergies by 22.8% during the third quarter. Logan Capital Management Inc. now owns 71,757 shares of the company's stock valued at $4,637,000 after purchasing an additional 13,331 shares during the last quarter. CWA Asset Management Group LLC grew its stake in shares of TotalEnergies by 85.1% in the 4th quarter. CWA Asset Management Group LLC now owns 23,571 shares of the company's stock worth $1,285,000 after buying an additional 10,835 shares during the last quarter. Finally, Barclays PLC increased its position in TotalEnergies by 266.5% during the 3rd quarter. Barclays PLC now owns 674,154 shares of the company's stock valued at $43,564,000 after buying an additional 490,187 shares in the last quarter. 16.53% of the stock is currently owned by hedge funds and other institutional investors.

TotalEnergies Stock Up 1.0 %

Shares of NYSE:TTE traded up $0.56 during trading hours on Friday, hitting $58.39. The company's stock had a trading volume of 1,306,216 shares, compared to its average volume of 1,572,567. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.10 and a quick ratio of 0.88. The firm's fifty day moving average price is $60.66 and its 200 day moving average price is $60.15. TotalEnergies SE has a 52 week low of $52.78 and a 52 week high of $74.97. The company has a market capitalization of $140.00 billion, a price-to-earnings ratio of 8.77, a P/E/G ratio of 0.98 and a beta of 0.45.

TotalEnergies (NYSE:TTE - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $1.90 earnings per share for the quarter, beating analysts' consensus estimates of $1.74 by $0.16. TotalEnergies had a return on equity of 15.22% and a net margin of 7.34%. As a group, research analysts expect that TotalEnergies SE will post 8.02 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Redburn Atlantic upgraded shares of TotalEnergies from a "hold" rating to a "strong-buy" rating in a research note on Thursday, January 23rd. Scotiabank reduced their target price on TotalEnergies from $65.00 to $60.00 and set a "sector perform" rating for the company in a report on Friday, April 11th. Piper Sandler dropped their price objective on TotalEnergies from $77.00 to $62.00 and set a "neutral" rating on the stock in a research report on Thursday, December 19th. Morgan Stanley reaffirmed an "equal weight" rating and set a $64.10 price target (down previously from $70.40) on shares of TotalEnergies in a report on Tuesday, January 7th. Finally, BNP Paribas raised shares of TotalEnergies from a "neutral" rating to an "outperform" rating in a report on Tuesday. Five investment analysts have rated the stock with a hold rating, four have given a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $69.42.

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.