Flputnam Investment Management Co. Has $3.94 Million Stock Position in TotalEnergies SE (NYSE:TTE)

Flputnam Investment Management Co. cut its holdings in TotalEnergies SE (NYSE:TTE) by 24.5% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 72,304 shares of the company’s stock after selling 23,489 shares during the period. Flputnam Investment Management Co.’s holdings in TotalEnergies were worth $3,941,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of TTE. FSA Wealth Management LLC bought a new stake in TotalEnergies in the 3rd quarter valued at about $26,000. Continuum Advisory LLC raised its position in shares of TotalEnergies by 70.4% in the third quarter. Continuum Advisory LLC now owns 443 shares of the company’s stock valued at $27,000 after buying an additional 183 shares in the last quarter. Asset Planning Inc bought a new stake in shares of TotalEnergies in the fourth quarter valued at approximately $31,000. HHM Wealth Advisors LLC grew its position in 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 buying an additional 400 shares in the last quarter. Finally, Versant Capital Management Inc bought a new position in TotalEnergies during the 4th quarter worth $45,000. 16.53% of the stock is owned by institutional investors.

TotalEnergies Stock Up 0.2 %

TTE stock opened at $60.17 on Friday. The firm has a 50-day moving average price of $58.37 and a 200-day moving average price of $61.91. TotalEnergies SE has a 12 month low of $53.29 and a 12 month high of $74.97. 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 capitalization of $144.27 billion, a P/E ratio of 9.03, a price-to-earnings-growth ratio of 0.98 and a beta of 0.61.

TotalEnergies (NYSE:TTE) last issued 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 research analysts anticipate that TotalEnergies SE will post 8.02 EPS for the current fiscal year.

Analyst Ratings Changes

TTE has been the subject of a number of recent analyst reports. Redburn Atlantic upgraded TotalEnergies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 23rd. 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. Royal Bank of Canada raised shares of TotalEnergies from a “sector perform” rating to an “outperform” rating in a report on Thursday, December 5th. Morgan Stanley restated an “equal weight” rating and issued a $64.10 target price (down from $70.40) on shares of TotalEnergies in a research report on Tuesday, January 7th. Finally, BNP Paribas lowered shares of TotalEnergies from an “outperform” rating to a “neutral” rating in a research report on Wednesday, November 27th. Six analysts have rated the stock with a hold rating, two have assigned a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $72.42.

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.