Sei Investments Co. Cuts Stock Holdings in TotalEnergies SE (NYSE:TTE)

Sei Investments Co. trimmed its stake in TotalEnergies SE (NYSE:TTE) by 4.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 946,459 shares of the company’s stock after selling 45,218 shares during the period. Sei Investments Co.’s holdings in TotalEnergies were worth $51,582,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of TTE. Integrated Wealth Concepts LLC increased its holdings in shares of TotalEnergies by 1.0% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 16,795 shares of the company’s stock worth $1,085,000 after buying an additional 169 shares during the last quarter. Tradition Wealth Management LLC grew its position in TotalEnergies by 2.5% in the third quarter. Tradition Wealth Management LLC now owns 7,124 shares of the company’s stock worth $460,000 after acquiring an additional 171 shares in the last quarter. Apollon Wealth Management LLC increased its stake in TotalEnergies by 4.1% in the fourth quarter. Apollon Wealth Management LLC now owns 4,448 shares of the company’s stock valued at $242,000 after acquiring an additional 174 shares during the last quarter. Continuum Advisory LLC raised its position in TotalEnergies by 70.4% during the third quarter. Continuum Advisory LLC now owns 443 shares of the company’s stock valued at $27,000 after purchasing an additional 183 shares in the last quarter. Finally, First Horizon Advisors Inc. lifted its stake in TotalEnergies by 9.1% during the fourth quarter. First Horizon Advisors Inc. now owns 2,217 shares of the company’s stock worth $121,000 after purchasing an additional 184 shares during the last quarter. 16.53% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

TotalEnergies Price Performance

TTE stock opened at $63.39 on Monday. The stock has a market capitalization of $151.99 billion, a price-to-earnings ratio of 9.52, a PEG ratio of 0.98 and a beta of 0.56. The firm’s 50-day moving average price is $60.36 and its two-hundred day moving average price is $61.14. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.36. TotalEnergies SE has a 12-month low of $53.29 and a 12-month high of $74.97.

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

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.