Kayne Anderson Rudnick Investment Management LLC Trims Holdings in TotalEnergies SE (NYSE:TTE)

Kayne Anderson Rudnick Investment Management LLC lessened its stake in TotalEnergies SE (NYSE:TTE) by 12.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 337,784 shares of the company’s stock after selling 47,234 shares during the period. Kayne Anderson Rudnick Investment Management LLC’s holdings in TotalEnergies were worth $18,409,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Asset Planning Inc bought a new position in TotalEnergies during the 4th quarter worth approximately $31,000. Bernard Wealth Management Corp. acquired a new position in TotalEnergies in the fourth quarter valued at approximately $32,000. HHM Wealth Advisors LLC raised its position in shares of TotalEnergies by 156.3% during the 4th quarter. HHM Wealth Advisors LLC now owns 656 shares of the company’s stock worth $36,000 after purchasing an additional 400 shares during the period. Versant Capital Management Inc bought a new position in TotalEnergies in the 4th quarter worth about $45,000. Finally, Stonebridge Financial Group LLC acquired a new stake in TotalEnergies in the 4th quarter valued at approximately $49,000. 16.53% of the stock is currently owned by institutional investors.

TotalEnergies Stock Up 1.0 %

TTE opened at $58.39 on Monday. The company has a market capitalization of $140.00 billion, a PE ratio of 8.77, a price-to-earnings-growth ratio of 0.98 and a beta of 0.45. The business has a 50-day moving average of $60.61 and a 200-day moving average of $60.00. TotalEnergies SE has a fifty-two week low of $52.78 and a fifty-two week high of $74.97. 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 (NYSE:TTE) last released its quarterly earnings results on Wednesday, February 5th. The company reported $1.90 earnings per share for the quarter, beating analysts’ consensus estimates 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 fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Citigroup raised TotalEnergies from a “neutral” rating to a “buy” rating in a report on Wednesday, March 26th. BNP Paribas raised shares of TotalEnergies from a “neutral” rating to an “outperform” rating in a report on Tuesday, April 15th. Morgan Stanley restated 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. Redburn Atlantic raised shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 23rd. Finally, Scotiabank reduced their price target on shares of TotalEnergies from $65.00 to $60.00 and set a “sector perform” rating for the company in a research report on Friday, April 11th. Five research analysts have rated the stock with a hold rating, four have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, TotalEnergies presently has an average rating of “Moderate Buy” and an average price target of $69.42.

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.