Fmr LLC Sells 208,114 Shares of TotalEnergies SE (NYSE:TTE)

Fmr LLC trimmed its position in shares of TotalEnergies SE (NYSE:TTE) by 1.7% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 12,237,114 shares of the company’s stock after selling 208,114 shares during the quarter. Fmr LLC’s holdings in TotalEnergies were worth $666,923,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Continuum Advisory LLC boosted its holdings in shares of TotalEnergies by 70.4% in the 3rd quarter. Continuum Advisory LLC now owns 443 shares of the company’s stock worth $27,000 after acquiring an additional 183 shares in the last quarter. Asset Planning Inc acquired a new position in TotalEnergies in the fourth quarter worth $31,000. HHM Wealth Advisors LLC grew its holdings in shares of TotalEnergies by 156.3% during the fourth quarter. HHM Wealth Advisors LLC now owns 656 shares of the company’s stock worth $36,000 after purchasing an additional 400 shares during the last quarter. Versant Capital Management Inc acquired a new stake in shares of TotalEnergies in the fourth quarter valued at $45,000. Finally, Stonebridge Financial Group LLC bought a new position in shares of TotalEnergies in the fourth quarter valued at about $49,000. Institutional investors and hedge funds own 16.53% of the company’s stock.

TotalEnergies Stock Performance

Shares of TotalEnergies stock opened at $53.42 on Wednesday. The firm has a fifty day moving average of $61.09 and a two-hundred day moving average of $60.62. 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 $128.08 billion, a price-to-earnings ratio of 8.02, a PEG ratio of 0.98 and a beta of 0.45. TotalEnergies SE has a 52 week low of $52.85 and a 52 week high of $74.97.

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 return on equity of 15.22% and a net margin of 7.34%. As a group, equities research analysts predict that TotalEnergies SE will post 8.02 EPS for the current year.

Analyst Ratings Changes

TTE has been the topic of a number of research analyst reports. Redburn Atlantic raised shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 23rd. Morgan Stanley restated an “equal weight” rating and issued a $64.10 price objective (down previously from $70.40) on shares of TotalEnergies in a research report on Tuesday, January 7th. Piper Sandler decreased 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. Finally, Citigroup upgraded TotalEnergies from a “neutral” rating to a “buy” rating in a research report on Wednesday, March 26th. Six analysts have rated the stock with a hold rating, three have assigned a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $72.42.

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.