Tweedy Browne Co LLC Decreases Stake in TotalEnergies SE (NYSE:TTE)

Tweedy Browne Co LLC lessened its holdings in TotalEnergies SE (NYSE:TTE) by 1.8% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 142,229 shares of the company’s stock after selling 2,599 shares during the period. TotalEnergies makes up approximately 0.5% of Tweedy Browne Co LLC’s portfolio, making the stock its 23rd biggest holding. Tweedy Browne Co LLC’s holdings in TotalEnergies were worth $7,751,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Clear Creek Financial Management LLC purchased a new position in TotalEnergies in the fourth quarter worth $345,000. Logan Capital Management Inc. boosted its holdings in shares of TotalEnergies by 22.8% in the 3rd quarter. Logan Capital Management Inc. now owns 71,757 shares of the company’s stock worth $4,637,000 after buying an additional 13,331 shares during the last quarter. CWA Asset Management Group LLC boosted its holdings 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. Barclays PLC grew its position in TotalEnergies by 266.5% during the third 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 during the period. Finally, Merit Financial Group LLC purchased a new stake in TotalEnergies during the fourth quarter worth about $412,000. 16.53% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. Piper Sandler reduced their target price on shares of TotalEnergies from $77.00 to $62.00 and set a “neutral” rating for the company in a research report on Thursday, December 19th. Redburn Atlantic upgraded TotalEnergies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 23rd. Royal Bank of Canada raised TotalEnergies from a “sector perform” rating to an “outperform” rating in a research report on Thursday, December 5th. 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 research report on Tuesday, January 7th. Finally, Citigroup raised TotalEnergies from a “neutral” rating to a “buy” rating in a report on Wednesday, March 26th. Six analysts have rated the stock with a hold rating, three have issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $72.42.

TotalEnergies Stock Performance

Shares of TTE opened at $64.71 on Tuesday. 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 has a market capitalization of $155.14 billion, a price-to-earnings ratio of 9.72, a price-to-earnings-growth ratio of 0.98 and a beta of 0.56. TotalEnergies SE has a 52-week low of $53.29 and a 52-week high of $74.97. The stock’s 50-day simple moving average is $61.07 and its 200 day simple moving average is $61.04.

TotalEnergies (NYSE:TTE) last released its quarterly earnings data 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%. Research analysts forecast that TotalEnergies SE will post 8.02 EPS for the current fiscal 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.