Angeles Investment Advisors LLC Has $515,000 Holdings in TotalEnergies SE (NYSE:TTE)

Angeles Investment Advisors LLC reduced its position in TotalEnergies SE (NYSE:TTE) by 5.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,348 shares of the company’s stock after selling 587 shares during the period. Angeles Investment Advisors LLC’s holdings in TotalEnergies were worth $515,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. FMR LLC increased its position in TotalEnergies by 2.7% in the 3rd quarter. FMR LLC now owns 12,445,228 shares of the company’s stock worth $804,211,000 after purchasing an additional 324,033 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of TotalEnergies by 62.7% during the 3rd quarter. Franklin Resources Inc. now owns 4,012,961 shares of the company’s stock valued at $273,323,000 after acquiring an additional 1,546,866 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of TotalEnergies during the 4th quarter valued at about $156,044,000. Equity Investment Corp increased its holdings 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 acquiring an additional 196,277 shares during the last quarter. Finally, American Century Companies Inc. increased its holdings in shares of TotalEnergies by 1.7% during the 4th quarter. American Century Companies Inc. now owns 1,443,516 shares of the company’s stock valued at $78,672,000 after acquiring an additional 24,653 shares during the last quarter. 16.53% of the stock is owned by institutional investors and hedge funds.

TotalEnergies Price Performance

Shares of NYSE:TTE opened at $63.39 on Monday. The business has a 50 day moving average price of $60.36 and a 200 day moving average price of $61.14. TotalEnergies SE has a twelve month low of $53.29 and a twelve month high of $74.97. The company has a market cap of $151.99 billion, a price-to-earnings ratio of 9.52, a PEG ratio of 0.98 and a beta of 0.56. 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 announced its quarterly earnings data on Wednesday, February 5th. The company reported $1.90 EPS for the quarter, topping 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%. Research analysts predict that TotalEnergies SE will post 8.02 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. BNP Paribas lowered TotalEnergies from an “outperform” rating to a “neutral” rating in a report on Wednesday, November 27th. Royal Bank of Canada raised TotalEnergies from a “sector perform” rating to an “outperform” rating in a report on Thursday, December 5th. Piper Sandler lowered their price objective on TotalEnergies from $77.00 to $62.00 and set a “neutral” rating on the stock in a report on Thursday, December 19th. Redburn Atlantic raised TotalEnergies from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 23rd. 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 research note on Tuesday, January 7th. Six equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price 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.