TotalEnergies SE (NYSE:TTE) Shares Sold by Argyle Capital Management Inc.

Argyle Capital Management Inc. trimmed its stake in TotalEnergies SE (NYSE:TTE) by 35.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,700 shares of the company’s stock after selling 3,700 shares during the quarter. Argyle Capital Management Inc.’s holdings in TotalEnergies were worth $451,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the stock. Key Financial Inc grew its holdings in shares of TotalEnergies by 139.0% during the fourth quarter. Key Financial Inc now owns 380 shares of the company’s stock valued at $26,000 after buying an additional 221 shares in the last quarter. Evolution Advisers Inc. purchased a new position in shares of TotalEnergies during the fourth quarter valued at $29,000. Arlington Trust Co LLC purchased a new position in shares of TotalEnergies during the third quarter valued at $31,000. Motco grew its holdings in shares of TotalEnergies by 216.2% during the third quarter. Motco now owns 468 shares of the company’s stock valued at $31,000 after buying an additional 320 shares in the last quarter. Finally, NewSquare Capital LLC purchased a new position in shares of TotalEnergies during the fourth quarter valued at $35,000. 13.22% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other TotalEnergies news, Director Se Totalenergies acquired 196,964 shares of the business’s stock in a transaction that occurred on Thursday, March 28th. The stock was acquired at an average price of $22.86 per share, with a total value of $4,502,597.04. Following the transaction, the director now owns 295,235 shares of the company’s stock, valued at $6,749,072.10. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

TotalEnergies Stock Performance

Shares of NYSE TTE opened at $74.41 on Monday. The business’s 50-day moving average price is $68.74 and its two-hundred day moving average price is $67.18. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.12 and a quick ratio of 0.90. TotalEnergies SE has a one year low of $54.94 and a one year high of $74.97. The company has a market capitalization of $174.99 billion, a P/E ratio of 8.42, a price-to-earnings-growth ratio of 1.67 and a beta of 0.72.

TotalEnergies (NYSE:TTE) last announced its quarterly 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 18.41% and a net margin of 9.52%. The company had revenue of $54.77 billion during the quarter, compared to analyst estimates of $55.14 billion. During the same period in the prior year, the firm earned $2.97 EPS. Analysts anticipate that TotalEnergies SE will post 9.32 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

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.