Rockefeller Capital Management L.P. Sells 292,543 Shares of TotalEnergies SE (NYSE:TTE)

Rockefeller Capital Management L.P. lessened its position in shares of TotalEnergies SE (NYSE:TTE) by 22.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm 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 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Franklin Resources Inc. grew its holdings in TotalEnergies by 41.7% in the 4th quarter. Franklin Resources Inc. now owns 5,685,348 shares of the company’s stock valued at $309,851,000 after buying an additional 1,672,387 shares in the last quarter. Federated Hermes Inc. grew its stake in shares of TotalEnergies by 19.5% in the fourth quarter. Federated Hermes Inc. now owns 2,886,405 shares of the company’s stock valued at $157,309,000 after acquiring an additional 471,291 shares in the last quarter. Raymond James Financial Inc. bought a new position in TotalEnergies during the fourth quarter worth about $156,044,000. Envestnet Asset Management Inc. raised its stake in TotalEnergies by 7.9% in the 4th quarter. Envestnet Asset Management Inc. now owns 2,648,481 shares of the company’s stock worth $144,342,000 after purchasing an additional 192,858 shares in the last quarter. Finally, Equity Investment Corp boosted its holdings in TotalEnergies by 10.5% in the 4th quarter. Equity Investment Corp now owns 2,058,589 shares of the company’s stock valued at $112,193,000 after purchasing an additional 196,277 shares during the period. Institutional investors and hedge funds own 16.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Scotiabank dropped their price target on shares of TotalEnergies from $65.00 to $60.00 and set a “sector perform” rating for the company in a research report on Friday. Morgan Stanley reaffirmed an “equal weight” rating and issued a $64.10 price objective (down from $70.40) on shares of TotalEnergies in a report on Tuesday, January 7th. Redburn Atlantic raised TotalEnergies from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 23rd. Citigroup upgraded TotalEnergies from a “neutral” rating to a “buy” rating in a research report on Wednesday, March 26th. Finally, Piper Sandler cut their price objective 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. Six investment analysts have rated the stock with a hold rating, three have given a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $69.42.

TotalEnergies Price Performance

TotalEnergies stock opened at $56.13 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. TotalEnergies SE has a 52 week low of $52.78 and a 52 week high of $74.97. The stock has a market capitalization of $134.59 billion, a P/E ratio of 8.43, a price-to-earnings-growth ratio of 0.98 and a beta of 0.45. The stock has a fifty day moving average of $60.91 and a 200-day moving average of $60.34.

TotalEnergies (NYSE:TTE) last released its earnings results on Wednesday, February 5th. The company reported $1.90 earnings per share (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%. On average, sell-side analysts expect that TotalEnergies SE will post 8.02 earnings per share 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.