TotalEnergies SE (NYSE:TTE) Shares Sold by Ameriprise Financial Inc.

Ameriprise Financial Inc. trimmed its holdings in shares of TotalEnergies SE (NYSE:TTE) by 69.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 998,616 shares of the company’s stock after selling 2,285,375 shares during the period. Ameriprise Financial Inc.’s holdings in TotalEnergies were worth $54,382,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of TTE. Barclays PLC raised its position in shares of TotalEnergies by 266.5% during the 3rd quarter. Barclays PLC now owns 674,154 shares of the company’s stock worth $43,564,000 after buying an additional 490,187 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in TotalEnergies by 0.9% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 53,035 shares of the company’s stock worth $2,890,000 after purchasing an additional 457 shares in the last quarter. Moody National Bank Trust Division acquired a new stake in TotalEnergies in the fourth quarter worth approximately $253,000. Marcum Wealth LLC lifted its position in TotalEnergies by 9.0% in the fourth quarter. Marcum Wealth LLC now owns 4,321 shares of the company’s stock worth $235,000 after purchasing an additional 355 shares during the period. Finally, Park Avenue Securities LLC boosted its stake in TotalEnergies by 22.5% during the 4th quarter. Park Avenue Securities LLC now owns 33,230 shares of the company’s stock valued at $1,811,000 after purchasing an additional 6,114 shares in the last quarter. 16.53% of the stock is currently owned by institutional investors.

TotalEnergies Price Performance

TTE opened at $58.67 on Friday. The firm has a market capitalization of $140.67 billion, a P/E ratio of 8.81, a PEG ratio of 0.98 and a beta of 0.58. The stock has a fifty day moving average of $59.88 and a 200-day moving average of $59.18. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.36. TotalEnergies SE has a 12-month low of $52.78 and a 12-month high of $74.43.

TotalEnergies (NYSE:TTE) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $1.83 EPS for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.05). The business had revenue of $47.90 billion for the quarter, compared to analyst estimates of $41.23 billion. TotalEnergies had a return on equity of 15.22% and a net margin of 7.34%. During the same quarter in the previous year, the business posted $2.14 earnings per share. Equities analysts forecast that TotalEnergies SE will post 8.02 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on TTE. Redburn Atlantic upgraded TotalEnergies from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 23rd. Scotiabank reduced their price objective on shares of TotalEnergies from $65.00 to $60.00 and set a “sector perform” rating for the company in a research report on Friday, April 11th. Citigroup upgraded shares of TotalEnergies from a “neutral” rating to a “buy” rating in a report on Wednesday, March 26th. Dbs Bank upgraded shares of TotalEnergies from a “hold” rating to a “buy” rating in a report on Wednesday. Finally, BNP Paribas raised TotalEnergies from a “neutral” rating to an “outperform” rating in a report on Tuesday, April 15th. Five equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, TotalEnergies currently has an average rating of “Moderate Buy” and an average price target of $69.42.

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.