TotalEnergies SE (NYSE:TTE) Position Lowered by Coldstream Capital Management Inc.

Coldstream Capital Management Inc. trimmed its position in TotalEnergies SE (NYSE:TTE) by 24.0% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,043 shares of the company’s stock after selling 1,274 shares during the period. Coldstream Capital Management Inc.’s holdings in TotalEnergies were worth $220,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Raymond James Financial Inc. bought a new stake in shares of TotalEnergies in the 4th quarter valued at approximately $156,044,000. Franklin Resources Inc. raised its holdings in shares of TotalEnergies by 41.7% during the fourth quarter. Franklin Resources Inc. now owns 5,685,348 shares of the company’s stock worth $309,851,000 after purchasing an additional 1,672,387 shares during the period. Barclays PLC lifted its position in shares of TotalEnergies by 266.5% in the 3rd quarter. Barclays PLC now owns 674,154 shares of the company’s stock worth $43,564,000 after buying an additional 490,187 shares during the last quarter. Federated Hermes Inc. boosted its holdings in shares of TotalEnergies by 19.5% in the 4th quarter. Federated Hermes Inc. now owns 2,886,405 shares of the company’s stock valued at $157,309,000 after buying an additional 471,291 shares during the period. Finally, Equity Investment Corp grew its position in shares of TotalEnergies by 10.5% during the 4th quarter. Equity Investment Corp now owns 2,058,589 shares of the company’s stock valued at $112,193,000 after buying an additional 196,277 shares during the last quarter. 16.53% of the stock is owned by institutional investors.

TotalEnergies Stock Performance

Shares of TTE opened at $57.81 on Friday. TotalEnergies SE has a 52-week low of $52.78 and a 52-week high of $74.43. The firm has a market capitalization of $138.61 billion, a PE ratio of 8.68, a P/E/G ratio of 0.98 and a beta of 0.45. The firm has a 50-day moving average price of $60.12 and a 200 day moving average price of $59.46. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.36.

TotalEnergies (NYSE:TTE) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $1.83 EPS for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.05). The company had revenue of $47.90 billion for the quarter, compared to analyst estimates of $41.23 billion. TotalEnergies had a net margin of 7.34% and a return on equity of 15.22%. During the same quarter in the prior year, the business earned $2.14 EPS. On average, sell-side analysts anticipate that TotalEnergies SE will post 8.02 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

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.