Tweedy Browne Co LLC Sells 2,599 Shares of TotalEnergies SE (NYSE:TTE)

Tweedy Browne Co LLC decreased its holdings in shares of TotalEnergies SE (NYSE:TTE) by 1.8% in the 4th quarter, Holdings Channel reports. The firm owned 142,229 shares of the company’s stock after selling 2,599 shares during the period. TotalEnergies comprises 0.5% of Tweedy Browne Co LLC’s investment portfolio, making the stock its 23rd largest holding. Tweedy Browne Co LLC’s holdings in TotalEnergies were worth $7,751,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Clear Creek Financial Management LLC bought a new stake in TotalEnergies during the fourth quarter valued at approximately $345,000. Logan Capital Management Inc. raised its position in shares of TotalEnergies by 22.8% during the 3rd quarter. Logan Capital Management Inc. now owns 71,757 shares of the company’s stock valued at $4,637,000 after buying an additional 13,331 shares in the last quarter. CWA Asset Management Group LLC lifted its holdings in shares of TotalEnergies by 85.1% during the 4th quarter. CWA Asset Management Group LLC now owns 23,571 shares of the company’s stock worth $1,285,000 after acquiring an additional 10,835 shares during the last quarter. Barclays PLC grew its position in TotalEnergies by 266.5% in the third quarter. Barclays PLC now owns 674,154 shares of the company’s stock worth $43,564,000 after acquiring an additional 490,187 shares in the last quarter. Finally, Merit Financial Group LLC bought a new position in TotalEnergies in the fourth quarter valued at $412,000. 16.53% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Royal Bank of Canada raised TotalEnergies from a “sector perform” rating to an “outperform” rating in a research note on Thursday, December 5th. Redburn Atlantic raised TotalEnergies from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 23rd. Citigroup raised TotalEnergies from a “neutral” rating to a “buy” rating in a research note on Wednesday, March 26th. Piper Sandler decreased their price target on shares of TotalEnergies from $77.00 to $62.00 and set a “neutral” rating on the stock in a research note on Thursday, December 19th. Finally, 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. Six research analysts have rated the stock with a hold rating, three have given a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $72.42.

TotalEnergies Stock Performance

NYSE:TTE opened at $64.71 on Tuesday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.88 and a current ratio of 1.10. TotalEnergies SE has a fifty-two week low of $53.29 and a fifty-two week high of $74.97. The business has a 50 day moving average price of $61.07 and a 200-day moving average price of $61.04. The firm has a market cap of $155.14 billion, a PE ratio of 9.72, a price-to-earnings-growth ratio of 0.98 and a beta of 0.56.

TotalEnergies (NYSE:TTE) last announced its quarterly 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 predict that TotalEnergies SE will post 8.02 earnings per share for the current year.

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.