William Blair Investment Management LLC Trims Holdings in TotalEnergies SE (NYSE:TTE)

William Blair Investment Management LLC lessened its stake in shares of TotalEnergies SE (NYSE:TTE) by 19.1% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 34,303 shares of the company’s stock after selling 8,085 shares during the period. William Blair Investment Management LLC’s holdings in TotalEnergies were worth $1,870,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. FMR LLC lifted its holdings in shares of TotalEnergies by 2.7% in the 3rd quarter. FMR LLC now owns 12,445,228 shares of the company’s stock worth $804,211,000 after buying an additional 324,033 shares during the period. Franklin Resources Inc. raised its holdings in shares of TotalEnergies by 62.7% in the third quarter. Franklin Resources Inc. now owns 4,012,961 shares of the company’s stock valued at $273,323,000 after acquiring an additional 1,546,866 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in TotalEnergies in the fourth quarter worth about $156,044,000. Equity Investment Corp grew its holdings in TotalEnergies by 10.5% during the 4th quarter. Equity Investment Corp now owns 2,058,589 shares of the company’s stock worth $112,193,000 after acquiring an additional 196,277 shares in the last quarter. Finally, Todd Asset Management LLC increased its position in TotalEnergies by 1.2% during the 4th quarter. Todd Asset Management LLC now owns 1,178,840 shares of the company’s stock valued at $64,247,000 after purchasing an additional 13,503 shares during the period. 16.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on TTE. Royal Bank of Canada raised shares of TotalEnergies from a “sector perform” rating to an “outperform” rating in a research report on Thursday, December 5th. Redburn Atlantic raised TotalEnergies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 23rd. Piper Sandler lowered their price objective on TotalEnergies from $77.00 to $62.00 and set a “neutral” rating for the company in a research 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. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $64.10 price objective (down previously from $70.40) on shares of TotalEnergies in a report on Tuesday, January 7th. Six research analysts have rated the stock with a hold rating, two have issued a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, TotalEnergies has a consensus rating of “Moderate Buy” and an average price target of $72.42.

TotalEnergies Stock Performance

Shares of TTE opened at $64.14 on Thursday. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.36. The company has a 50-day moving average of $60.08 and a two-hundred day moving average of $61.24. TotalEnergies SE has a 12-month low of $53.29 and a 12-month high of $74.97. The stock has a market cap of $153.79 billion, a P/E ratio of 9.63, a PEG ratio of 0.98 and a beta of 0.56.

TotalEnergies (NYSE:TTE) last announced its earnings results on Wednesday, February 5th. The company reported $1.90 earnings per share for the quarter, beating the consensus estimate of $1.74 by $0.16. TotalEnergies had a net margin of 7.34% and a return on equity of 15.22%. As a group, research analysts predict that TotalEnergies SE will post 8.02 EPS for the current fiscal year.

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.