Garland Capital Management Inc. Cuts Position in TotalEnergies SE (NYSE:TTE)

Garland Capital Management Inc. lessened its holdings in TotalEnergies SE (NYSE:TTE) by 1.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 50,242 shares of the company’s stock after selling 975 shares during the quarter. TotalEnergies comprises 2.2% of Garland Capital Management Inc.’s portfolio, making the stock its 26th largest position. Garland Capital Management Inc.’s holdings in TotalEnergies were worth $2,738,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. FMR LLC grew its holdings in shares of 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 during the last quarter. Franklin Resources Inc. grew its holdings in shares of TotalEnergies by 62.7% during the third quarter. Franklin Resources Inc. now owns 4,012,961 shares of the company’s stock valued at $273,323,000 after buying an additional 1,546,866 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of TotalEnergies during the fourth quarter valued at approximately $156,044,000. Equity Investment Corp grew its holdings in shares of TotalEnergies by 10.5% during the fourth quarter. Equity Investment Corp now owns 2,058,589 shares of the company’s stock valued at $112,193,000 after buying an additional 196,277 shares during the last quarter. Finally, Todd Asset Management LLC grew its holdings in shares of TotalEnergies by 1.2% during the fourth quarter. Todd Asset Management LLC now owns 1,178,840 shares of the company’s stock valued at $64,247,000 after buying an additional 13,503 shares during the last quarter. Hedge funds and other institutional investors own 16.53% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on TTE shares. Redburn Atlantic upgraded shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 23rd. Piper Sandler cut their price target 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. Morgan Stanley restated an “equal weight” rating and issued a $64.10 target price (down previously from $70.40) on shares of TotalEnergies in a report on Tuesday, January 7th. Royal Bank of Canada upgraded shares of TotalEnergies from a “sector perform” rating to an “outperform” rating in a report on Thursday, December 5th. Finally, BNP Paribas cut shares of TotalEnergies from an “outperform” rating to a “neutral” rating in a report on Wednesday, November 27th. Six investment analysts have rated the stock with a hold rating, two have issued a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $72.42.

TotalEnergies Price Performance

Shares of TotalEnergies stock opened at $63.39 on Friday. The stock has a market cap of $151.99 billion, a P/E ratio of 9.52, a P/E/G ratio of 0.98 and a beta of 0.56. 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 stock’s fifty day moving average is $60.36 and its 200 day moving average is $61.22. TotalEnergies SE has a one year low of $53.29 and a one year high of $74.97.

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

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.