Epoch Investment Partners Inc. Sells 3,880 Shares of TotalEnergies SE (NYSE:TTE)

Epoch Investment Partners Inc. cut its stake in TotalEnergies SE (NYSE:TTE) by 1.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 225,382 shares of the company’s stock after selling 3,880 shares during the period. Epoch Investment Partners Inc.’s holdings in TotalEnergies were worth $12,283,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Franklin Resources Inc. grew its position in TotalEnergies by 41.7% in the 4th quarter. Franklin Resources Inc. now owns 5,685,348 shares of the company’s stock worth $309,851,000 after purchasing an additional 1,672,387 shares during the period. Federated Hermes Inc. boosted its stake in shares of TotalEnergies by 19.5% in the 4th quarter. Federated Hermes Inc. now owns 2,886,405 shares of the company’s stock worth $157,309,000 after buying an additional 471,291 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of TotalEnergies in the fourth quarter worth $156,044,000. Envestnet Asset Management Inc. increased its position in TotalEnergies by 7.9% during the fourth quarter. Envestnet Asset Management Inc. now owns 2,648,481 shares of the company’s stock valued at $144,342,000 after acquiring an additional 192,858 shares during the last quarter. Finally, Equity Investment Corp increased its position in TotalEnergies by 10.5% during the fourth quarter. Equity Investment Corp now owns 2,058,589 shares of the company’s stock valued at $112,193,000 after acquiring an additional 196,277 shares during the last quarter. 16.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on TTE shares. Scotiabank cut their price target on TotalEnergies from $65.00 to $60.00 and set a “sector perform” rating for the company in a research note on Friday, April 11th. Redburn Atlantic upgraded shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 23rd. Citigroup upgraded shares of TotalEnergies from a “neutral” rating to a “buy” rating in a research report on Wednesday, March 26th. BNP Paribas raised shares of TotalEnergies from a “neutral” rating to an “outperform” rating in a research report on Tuesday, April 15th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $64.10 target price (down from $70.40) on shares of TotalEnergies in a report on Tuesday, January 7th. Five equities research analysts have rated the stock with a hold rating, four have issued a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $69.42.

TotalEnergies Stock Up 1.0 %

Shares of TTE stock opened at $58.39 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. TotalEnergies SE has a one year low of $52.78 and a one year high of $74.97. The company’s fifty day moving average price is $60.61 and its 200-day moving average price is $60.05. The company has a market capitalization of $140.00 billion, a price-to-earnings ratio of 8.77, a PEG ratio of 0.98 and a beta of 0.45.

TotalEnergies (NYSE:TTE) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $1.90 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%. Sell-side analysts expect that TotalEnergies SE will post 8.02 EPS for the current fiscal 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.