Truist Financial Corp Decreases Stake in TotalEnergies SE (NYSE:TTE)

Truist Financial Corp cut its holdings in TotalEnergies SE (NYSE:TTE) by 6.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 640,898 shares of the company’s stock after selling 41,543 shares during the quarter. Truist Financial Corp’s holdings in TotalEnergies were worth $43,184,000 as of its most recent SEC filing.

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

Insider Buying and Selling at TotalEnergies

In other news, Director Se Totalenergies purchased 196,964 shares of the stock in a transaction on Thursday, March 28th. The stock was purchased at an average price of $22.86 per share, with a total value of $4,502,597.04. Following the completion of the transaction, the director now owns 295,235 shares in the company, valued at $6,749,072.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

TotalEnergies Stock Performance

TotalEnergies stock opened at $74.56 on Monday. The firm has a market capitalization of $175.34 billion, a P/E ratio of 8.42, a PEG ratio of 1.67 and a beta of 0.72. The stock has a fifty day moving average price of $68.74 and a 200 day moving average price of $67.18. TotalEnergies SE has a 52 week low of $54.94 and a 52 week high of $74.97. The company has a current ratio of 1.12, a quick ratio of 0.90 and a debt-to-equity ratio of 0.34.

TotalEnergies (NYSE:TTE) last released its earnings results on Wednesday, February 7th. The company reported $2.16 EPS for the quarter, missing the consensus estimate of $2.43 by ($0.27). TotalEnergies had a net margin of 9.52% and a return on equity of 18.41%. The business had revenue of $54.77 billion during the quarter, compared to analyst estimates of $55.14 billion. During the same quarter in the previous year, the company posted $2.97 earnings per share. Equities research analysts anticipate that TotalEnergies SE will post 9.32 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on TTE shares. Piper Sandler boosted their price target on TotalEnergies from $75.00 to $79.00 and gave the stock a “neutral” rating in a report on Thursday, April 18th. Scotiabank upped 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. Six analysts have rated the stock with a hold rating, According to MarketBeat.com, TotalEnergies currently has an average rating of “Hold” and an average price target of $70.75.

TotalEnergies 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.