TotalEnergies SE (NYSE:TTE) Shares Sold by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. decreased its stake in shares of TotalEnergies SE (NYSE:TTE) by 19.0% during the 4th quarter, Holdings Channel reports. The institutional investor owned 77,352 shares of the company’s stock after selling 18,199 shares during the period. Oppenheimer Asset Management Inc.’s holdings in TotalEnergies were worth $4,216,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Clear Creek Financial Management LLC bought a new stake in TotalEnergies during the fourth quarter worth approximately $345,000. CWA Asset Management Group LLC acquired a new position in shares of TotalEnergies during the 3rd quarter valued at $823,000. Crossmark Global Holdings Inc. raised its stake in shares of TotalEnergies by 48.3% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 167,364 shares of the company’s stock worth $10,815,000 after buying an additional 54,478 shares in the last quarter. Logan Capital Management Inc. lifted its holdings in shares of TotalEnergies by 22.8% in the third quarter. Logan Capital Management Inc. now owns 71,757 shares of the company’s stock valued at $4,637,000 after buying an additional 13,331 shares during the period. Finally, FMR LLC boosted its stake in TotalEnergies by 2.7% during the third quarter. FMR LLC now owns 12,445,228 shares of the company’s stock valued at $804,211,000 after buying an additional 324,033 shares in the last quarter. 16.53% of the stock is currently owned by institutional investors.

TotalEnergies Stock Up 0.2 %

Shares of NYSE:TTE opened at $60.17 on Friday. The firm has a 50 day simple moving average of $58.37 and a 200 day simple moving average of $61.91. TotalEnergies SE has a 52 week low of $53.29 and a 52 week high of $74.97. 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 company has a market cap of $144.27 billion, a PE ratio of 9.03, a price-to-earnings-growth ratio of 0.98 and a beta of 0.61.

TotalEnergies (NYSE:TTE) last released 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, research analysts expect that TotalEnergies SE will post 8.02 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have commented on TTE. Morgan Stanley reiterated an “equal weight” rating and issued a $64.10 price target (down from $70.40) on shares of TotalEnergies in a research report on Tuesday, January 7th. Piper Sandler dropped 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. BNP Paribas lowered shares of TotalEnergies from an “outperform” rating to a “neutral” rating in a research note on Wednesday, November 27th. Royal Bank of Canada upgraded shares of TotalEnergies from a “sector perform” rating to an “outperform” rating in a research report on Thursday, December 5th. Finally, Redburn Atlantic upgraded TotalEnergies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 23rd. Six research analysts have rated the stock with a hold rating, two have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, TotalEnergies has a consensus rating of “Moderate Buy” and an average price target of $72.42.

TotalEnergies Company 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.