Advisors Asset Management Inc. Sells 2,554 Shares of TotalEnergies SE (NYSE:TTE)

Advisors Asset Management Inc. lowered its holdings in shares of TotalEnergies SE (NYSE:TTE) by 3.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 63,581 shares of the company’s stock after selling 2,554 shares during the quarter. Advisors Asset Management Inc.’s holdings in TotalEnergies were worth $3,465,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of the business. Thrivent Financial for Lutherans raised its stake in shares of TotalEnergies by 139.5% in the fourth quarter. Thrivent Financial for Lutherans now owns 7,862 shares of the company’s stock valued at $452,000 after acquiring an additional 4,579 shares during the period. Signaturefd LLC raised its stake in shares of TotalEnergies by 0.6% in the fourth quarter. Signaturefd LLC now owns 36,499 shares of the company’s stock valued at $1,989,000 after acquiring an additional 231 shares during the period. Parallel Advisors LLC raised its stake in shares of TotalEnergies by 36.1% in the fourth quarter. Parallel Advisors LLC now owns 9,115 shares of the company’s stock valued at $497,000 after acquiring an additional 2,420 shares during the period. GWN Securities Inc. purchased a new stake in shares of TotalEnergies in the fourth quarter valued at $288,000. Finally, Gallacher Capital Management LLC raised its stake in shares of TotalEnergies by 7.8% in the fourth quarter. Gallacher Capital Management LLC now owns 6,503 shares of the company’s stock valued at $354,000 after acquiring an additional 470 shares during the period. Institutional investors own 16.53% of the company’s stock.

Analyst Upgrades and Downgrades

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

TotalEnergies Trading Down 0.4 %

NYSE TTE opened at $64.02 on Friday. 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 company has a market capitalization of $153.49 billion, a price-to-earnings ratio of 9.61, a price-to-earnings-growth ratio of 0.98 and a beta of 0.56. The company’s 50-day simple moving average is $60.23 and its two-hundred day simple moving average is $61.26. TotalEnergies SE has a one year low of $53.29 and a one year high of $74.97.

TotalEnergies (NYSE:TTE) last posted its earnings results on Wednesday, February 5th. The company reported $1.90 EPS for the quarter, beating 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%. Equities analysts forecast that TotalEnergies SE will post 8.02 EPS for the current fiscal year.

TotalEnergies Company 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.