William Blair Investment Management LLC Sells 8,085 Shares of TotalEnergies SE (NYSE:TTE)

William Blair Investment Management LLC lowered its stake in shares of TotalEnergies SE (NYSE:TTE) by 19.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,303 shares of the company’s stock after selling 8,085 shares during the period. William Blair Investment Management LLC’s holdings in TotalEnergies were worth $1,870,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the stock. FSA Wealth Management LLC purchased a new stake in TotalEnergies in the 3rd quarter worth $26,000. Continuum Advisory LLC grew its position in shares of TotalEnergies by 70.4% during the third quarter. Continuum Advisory LLC now owns 443 shares of the company’s stock valued at $27,000 after purchasing an additional 183 shares in the last quarter. Asset Planning Inc bought a new stake in shares of TotalEnergies in the fourth quarter worth about $31,000. HHM Wealth Advisors LLC lifted its position in shares of TotalEnergies by 156.3% in the fourth quarter. HHM Wealth Advisors LLC now owns 656 shares of the company’s stock worth $36,000 after buying an additional 400 shares in the last quarter. Finally, Versant Capital Management Inc bought a new position in TotalEnergies during the fourth quarter valued at approximately $45,000. Hedge funds and other institutional investors own 16.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on TTE shares. Royal Bank of Canada raised TotalEnergies from a “sector perform” rating to an “outperform” rating in a research note on Thursday, December 5th. Piper Sandler cut their target price on shares of TotalEnergies from $77.00 to $62.00 and set a “neutral” rating for the company in a report on Thursday, December 19th. Redburn Atlantic raised shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 23rd. Morgan Stanley reiterated an “equal weight” rating and set a $64.10 price objective (down previously from $70.40) on shares of TotalEnergies in a research report on Tuesday, January 7th. Finally, BNP Paribas downgraded shares of TotalEnergies from an “outperform” rating to a “neutral” rating in a report on Wednesday, November 27th. Six analysts have rated the stock with a hold rating, two have assigned a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, TotalEnergies currently has an average rating of “Moderate Buy” and an average price target of $72.42.

TotalEnergies Stock Up 1.3 %

NYSE TTE opened at $64.14 on Thursday. TotalEnergies SE has a 52 week low of $53.29 and a 52 week high of $74.97. The firm has a market capitalization of $153.79 billion, a price-to-earnings ratio of 9.63, a PEG ratio of 0.98 and a beta of 0.56. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.36. The company has a fifty day moving average of $60.08 and a two-hundred day moving average of $61.24.

TotalEnergies (NYSE:TTE) last released its quarterly earnings results on Wednesday, February 5th. The company reported $1.90 EPS for the quarter, topping analysts’ consensus estimates of $1.74 by $0.16. TotalEnergies had a net margin of 7.34% and a return on equity of 15.22%. On average, analysts predict that TotalEnergies SE will post 8.02 earnings per share for the current year.

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.