TotalEnergies SE (NYSE:TTE) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP lowered its position in TotalEnergies SE (NYSE:TTE) by 1.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,044,997 shares of the company’s stock after selling 149,270 shares during the period. Wellington Management Group LLP’s holdings in TotalEnergies were worth $438,452,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Clear Creek Financial Management LLC acquired a new stake in TotalEnergies in the fourth quarter valued at $345,000. Logan Capital Management Inc. boosted its position in shares of TotalEnergies by 22.8% in the 3rd quarter. Logan Capital Management Inc. now owns 71,757 shares of the company’s stock worth $4,637,000 after buying an additional 13,331 shares in the last quarter. CWA Asset Management Group LLC grew its stake in TotalEnergies by 85.1% in the 4th quarter. CWA Asset Management Group LLC now owns 23,571 shares of the company’s stock valued at $1,285,000 after acquiring an additional 10,835 shares during the last quarter. Barclays PLC increased its holdings in TotalEnergies by 266.5% during the 3rd quarter. Barclays PLC now owns 674,154 shares of the company’s stock valued at $43,564,000 after acquiring an additional 490,187 shares in the last quarter. Finally, Merit Financial Group LLC acquired a new position in TotalEnergies during the fourth quarter worth about $412,000. 16.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on TTE shares. Redburn Atlantic upgraded TotalEnergies from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 23rd. Royal Bank of Canada raised shares of TotalEnergies from a “sector perform” rating to an “outperform” rating in a research report on Thursday, December 5th. Morgan Stanley reissued an “equal weight” rating and issued a $64.10 price objective (down previously from $70.40) on shares of TotalEnergies in a research report on Tuesday, January 7th. Piper Sandler reduced their target price on shares of TotalEnergies from $77.00 to $62.00 and set a “neutral” rating on the stock in a report on Thursday, December 19th. Finally, Citigroup upgraded TotalEnergies from a “neutral” rating to a “buy” rating in a report on Wednesday, March 26th. Six investment analysts have rated the stock with a hold rating, three have assigned a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $72.42.

TotalEnergies Trading Up 0.9 %

NYSE:TTE opened at $64.71 on Tuesday. TotalEnergies SE has a one year low of $53.29 and a one year high of $74.97. The business’s 50-day simple moving average is $61.07 and its 200 day simple moving average is $61.04. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.88 and a current ratio of 1.10. The stock has a market cap of $155.14 billion, a price-to-earnings ratio of 9.72, a price-to-earnings-growth ratio of 0.98 and a beta of 0.56.

TotalEnergies (NYSE:TTE) last announced 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%. As a group, sell-side analysts predict that TotalEnergies SE will post 8.02 earnings per share 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.