Advisors Asset Management Inc. Sells 2,554 Shares of TotalEnergies SE (NYSE:TTE)

Advisors Asset Management Inc. cut its stake in TotalEnergies SE (NYSE:TTE) by 3.9% in the fourth quarter, Holdings Channel reports. The firm owned 63,581 shares of the company’s stock after selling 2,554 shares during the period. Advisors Asset Management Inc.’s holdings in TotalEnergies were worth $3,465,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. FMR LLC boosted its stake in 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 purchasing an additional 324,033 shares in the last quarter. Franklin Resources Inc. boosted its stake in TotalEnergies by 62.7% in the 3rd quarter. Franklin Resources Inc. now owns 4,012,961 shares of the company’s stock worth $273,323,000 after purchasing an additional 1,546,866 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in TotalEnergies in the 4th quarter worth approximately $156,044,000. Equity Investment Corp boosted its stake in TotalEnergies by 10.5% in the 4th quarter. Equity Investment Corp now owns 2,058,589 shares of the company’s stock worth $112,193,000 after purchasing an additional 196,277 shares in the last quarter. Finally, Todd Asset Management LLC boosted its stake in TotalEnergies by 1.2% in the 4th quarter. Todd Asset Management LLC now owns 1,178,840 shares of the company’s stock worth $64,247,000 after purchasing an additional 13,503 shares in the last quarter. 16.53% of the stock is currently owned by institutional investors and hedge funds.

TotalEnergies Price Performance

NYSE:TTE opened at $64.02 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.10 and a quick ratio of 0.88. The firm has a market cap of $153.49 billion, a price-to-earnings ratio of 9.61, a price-to-earnings-growth ratio of 0.98 and a beta of 0.56. The company has a 50 day moving average price of $60.23 and a 200-day moving average price of $61.26. TotalEnergies SE has a 1-year low of $53.29 and a 1-year high of $74.97.

TotalEnergies (NYSE:TTE) last posted 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%. Equities research analysts forecast that TotalEnergies SE will post 8.02 EPS for the current year.

Analyst Upgrades and Downgrades

TTE has been the subject of a number of recent analyst reports. Piper Sandler lowered their target price on shares of TotalEnergies from $77.00 to $62.00 and set a “neutral” rating for the company in a research note on Thursday, December 19th. 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. Morgan Stanley reissued an “equal weight” rating and set a $64.10 price target (down from $70.40) on shares of TotalEnergies in a research report on Tuesday, January 7th. Redburn Atlantic raised shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 23rd. Finally, BNP Paribas lowered shares of TotalEnergies from an “outperform” rating to a “neutral” rating in a research 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 assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $72.42.

About TotalEnergies

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.