Epoch Investment Partners Inc. Trims Holdings in TotalEnergies SE (NYSE:TTE)

Epoch Investment Partners Inc. decreased its holdings in shares of TotalEnergies SE (NYSE:TTE) by 1.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 225,382 shares of the company’s stock after selling 3,880 shares during the period. Epoch Investment Partners Inc.’s holdings in TotalEnergies were worth $12,283,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Asset Planning Inc bought a new position in shares of TotalEnergies during the fourth quarter valued at approximately $31,000. Bernard Wealth Management Corp. bought a new position in TotalEnergies in the 4th quarter worth $32,000. HHM Wealth Advisors LLC lifted its position in shares of TotalEnergies by 156.3% in the 4th 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 period. Versant Capital Management Inc purchased a new stake in shares of TotalEnergies in the 4th quarter worth about $45,000. Finally, Stonebridge Financial Group LLC bought a new stake in shares of TotalEnergies during the 4th quarter valued at about $49,000. Hedge funds and other institutional investors own 16.53% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on TTE. Citigroup upgraded shares of TotalEnergies from a “neutral” rating to a “buy” rating in a report on Wednesday, March 26th. Redburn Atlantic upgraded TotalEnergies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 23rd. Scotiabank reduced their price target on TotalEnergies from $65.00 to $60.00 and set a “sector perform” rating on the stock in a research note on Friday, April 11th. BNP Paribas upgraded TotalEnergies from a “neutral” rating to an “outperform” rating in a report on Tuesday, April 15th. Finally, Morgan Stanley restated an “equal weight” rating and set a $64.10 target price (down previously from $70.40) on shares of TotalEnergies in a report on Tuesday, January 7th. Five research analysts have rated the stock with a hold rating, four have assigned a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, TotalEnergies has a consensus rating of “Moderate Buy” and a consensus price target of $69.42.

TotalEnergies Trading Up 1.0 %

NYSE TTE opened at $58.39 on Friday. The stock’s fifty day moving average price is $60.61 and its 200-day moving average price is $60.05. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.36. The stock has a market cap of $140.00 billion, a P/E ratio of 8.77, a P/E/G ratio of 0.98 and a beta of 0.45. TotalEnergies SE has a 12 month low of $52.78 and a 12 month high of $74.97.

TotalEnergies (NYSE:TTE) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $1.90 EPS for the quarter, beating the consensus estimate of $1.74 by $0.16. TotalEnergies had a net margin of 7.34% and a return on equity of 15.22%. As a group, equities analysts forecast that TotalEnergies SE will post 8.02 EPS for the current fiscal year.

About TotalEnergies

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.