Raymond James & Associates Decreases Stock Position in TotalEnergies SE (NYSE:TTE)

Raymond James & Associates reduced its position in TotalEnergies SE (NYSE:TTE) by 9.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,535,876 shares of the company’s stock after selling 273,703 shares during the period. Raymond James & Associates owned 0.11% of TotalEnergies worth $174,544,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Fisher Asset Management LLC lifted its stake in shares of TotalEnergies by 2.0% in the 4th quarter. Fisher Asset Management LLC now owns 21,184,792 shares of the company’s stock valued at $1,427,431,000 after purchasing an additional 419,487 shares during the last quarter. FMR LLC increased its stake in TotalEnergies by 0.4% in the third quarter. FMR LLC now owns 12,364,753 shares of the company’s stock worth $813,106,000 after purchasing an additional 52,562 shares during the period. Wells Fargo & Company MN boosted its stake in shares of TotalEnergies by 1.0% during the fourth quarter. Wells Fargo & Company MN now owns 6,920,067 shares of the company’s stock valued at $466,274,000 after purchasing an additional 70,394 shares during the period. Capital International Investors increased its stake in TotalEnergies by 1.8% in the 4th quarter. Capital International Investors now owns 4,758,038 shares of the company’s stock worth $318,408,000 after buying an additional 85,969 shares during the period. Finally, Ameriprise Financial Inc. lifted its holdings in TotalEnergies by 3.7% during the 3rd quarter. Ameriprise Financial Inc. now owns 3,648,282 shares of the company’s stock valued at $241,480,000 after buying an additional 129,960 shares in the last quarter. 13.22% of the stock is owned by institutional investors.

Insider Transactions at TotalEnergies

In other news, Director Se Totalenergies acquired 196,964 shares of TotalEnergies stock in a transaction on Thursday, March 28th. The stock was bought at an average price of $22.86 per share, for a total transaction of $4,502,597.04. Following the completion of the purchase, the director now owns 295,235 shares in the company, valued at $6,749,072.10. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on TTE. Scotiabank increased their price objective on TotalEnergies from $74.00 to $86.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 11th. Piper Sandler increased their price target on shares of TotalEnergies from $75.00 to $79.00 and gave the stock a “neutral” rating in a report on Thursday, April 18th. Six investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $70.75.

TotalEnergies Trading Down 0.1 %

TotalEnergies stock traded down $0.07 during midday trading on Monday, hitting $74.49. 1,499,791 shares of the stock were exchanged, compared to its average volume of 1,697,638. The stock has a market capitalization of $175.18 billion, a price-to-earnings ratio of 8.41, a PEG ratio of 1.67 and a beta of 0.72. TotalEnergies SE has a fifty-two week low of $54.94 and a fifty-two week high of $74.97. The company has a current ratio of 1.12, a quick ratio of 0.90 and a debt-to-equity ratio of 0.34. The stock’s 50-day simple moving average is $68.94 and its 200 day simple moving average is $67.24.

TotalEnergies (NYSE:TTE) last announced its earnings results on Wednesday, February 7th. The company reported $2.16 earnings per share for the quarter, missing the consensus estimate of $2.43 by ($0.27). TotalEnergies had a return on equity of 18.41% and a net margin of 9.52%. The business had revenue of $54.77 billion for the quarter, compared to analysts’ expectations of $55.14 billion. During the same period in the previous year, the company earned $2.97 earnings per share. On average, equities analysts anticipate that TotalEnergies SE will post 9.32 EPS 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.