TotalEnergies SE (NYSE:TTE) Shares Sold by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC lowered its stake in TotalEnergies SE (NYSE:TTE) by 2.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 256,465 shares of the company’s stock after selling 5,718 shares during the quarter. Wedge Capital Management L L P NC’s holdings in TotalEnergies were worth $17,281,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. FMR LLC lifted its position in TotalEnergies by 0.4% in the third quarter. FMR LLC now owns 12,364,753 shares of the company’s stock valued at $813,106,000 after buying an additional 52,562 shares during the last quarter. Ameriprise Financial Inc. lifted its position in TotalEnergies by 3.7% in the third 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 during the last quarter. American Century Companies Inc. lifted its position in TotalEnergies by 0.4% in the third quarter. American Century Companies Inc. now owns 3,160,760 shares of the company’s stock valued at $207,852,000 after buying an additional 11,094 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in TotalEnergies by 27.1% in the third quarter. Envestnet Asset Management Inc. now owns 2,765,323 shares of the company’s stock valued at $181,848,000 after buying an additional 590,372 shares during the last quarter. Finally, Royal Bank of Canada increased its stake in TotalEnergies by 8.8% during the third quarter. Royal Bank of Canada now owns 2,405,524 shares of the company’s stock worth $158,186,000 after purchasing an additional 194,228 shares during the period. Institutional investors and hedge funds own 13.22% of the company’s stock.

Analysts Set New Price Targets

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

Insider Buying and Selling at TotalEnergies

In related news, Director Se Totalenergies purchased 196,964 shares of the company’s stock in a transaction on Thursday, March 28th. The shares were bought at an average cost of $22.86 per share, for a total transaction of $4,502,597.04. Following the completion of the purchase, the director now directly owns 295,235 shares of the company’s stock, valued at approximately $6,749,072.10. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

TotalEnergies Stock Down 0.3 %

TTE stock opened at $72.37 on Tuesday. The company’s 50 day moving average price is $68.03 and its 200 day moving average price is $66.94. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.90 and a current ratio of 1.12. TotalEnergies SE has a fifty-two week low of $54.94 and a fifty-two week high of $74.06. The firm has a market capitalization of $170.19 billion, a price-to-earnings ratio of 8.38, a PEG ratio of 1.72 and a beta of 0.72.

TotalEnergies (NYSE:TTE) last released its earnings results on Wednesday, February 7th. The company reported $2.16 earnings per share for the quarter, missing analysts’ consensus estimates of $2.43 by ($0.27). TotalEnergies had a return on equity of 19.61% and a net margin of 9.19%. The firm had revenue of $54.77 billion for the quarter, compared to analysts’ expectations of $55.14 billion. During the same quarter in the previous year, the company posted $2.97 earnings per share. On average, equities research analysts anticipate that TotalEnergies SE will post 9.38 EPS 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.