Fisher Asset Management LLC Sells 698,330 Shares of TotalEnergies SE (NYSE:TTE)

Fisher Asset Management LLC cut its stake in shares of TotalEnergies SE (NYSE:TTE) by 3.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 22,029,522 shares of the company’s stock after selling 698,330 shares during the quarter. Fisher Asset Management LLC’s holdings in TotalEnergies were worth $1,200,609,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Venturi Wealth Management LLC lifted its holdings in TotalEnergies by 0.6% during the 3rd quarter. Venturi Wealth Management LLC now owns 27,751 shares of the company’s stock valued at $1,793,000 after purchasing an additional 165 shares during the last quarter. Integrated Wealth Concepts LLC increased its holdings in shares of TotalEnergies by 1.0% during the third quarter. Integrated Wealth Concepts LLC now owns 16,795 shares of the company’s stock worth $1,085,000 after buying an additional 169 shares in the last quarter. Tradition Wealth Management LLC increased its holdings in shares of TotalEnergies by 2.5% during the third quarter. Tradition Wealth Management LLC now owns 7,124 shares of the company’s stock worth $460,000 after buying an additional 171 shares in the last quarter. Apollon Wealth Management LLC raised its stake in shares of TotalEnergies by 4.1% in the fourth quarter. Apollon Wealth Management LLC now owns 4,448 shares of the company’s stock valued at $242,000 after acquiring an additional 174 shares during the last quarter. Finally, Continuum Advisory LLC boosted its holdings in shares of TotalEnergies by 70.4% in the 3rd quarter. Continuum Advisory LLC now owns 443 shares of the company’s stock worth $27,000 after acquiring an additional 183 shares in the last quarter. 16.53% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on TTE shares. 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 target price on TotalEnergies from $77.00 to $62.00 and set a “neutral” rating for the company in a research note on Thursday, December 19th. BNP Paribas downgraded shares of TotalEnergies from an “outperform” rating to a “neutral” rating in a research report on Wednesday, November 27th. Morgan Stanley reissued an “equal weight” rating and set a $64.10 price objective (down previously from $70.40) on shares of TotalEnergies in a report on Tuesday, January 7th. Finally, Redburn Atlantic raised shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 23rd. Six investment 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’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $72.42.

TotalEnergies Stock Performance

Shares of NYSE:TTE opened at $60.17 on Friday. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.36. TotalEnergies SE has a 1-year low of $53.29 and a 1-year high of $74.97. The stock has a market capitalization of $142.09 billion, a P/E ratio of 9.03, a P/E/G ratio of 0.98 and a beta of 0.61. The business has a 50-day moving average price of $58.37 and a two-hundred day moving average price of $61.95.

TotalEnergies (NYSE:TTE) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $1.90 earnings per share for the quarter, topping analysts’ consensus estimates of $1.74 by $0.16. TotalEnergies had a net margin of 7.34% and a return on equity of 15.22%. Equities analysts predict that TotalEnergies SE will post 8.02 earnings per share for the current year.

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.