Price T Rowe Associates Inc. MD Reduces Position in TotalEnergies SE (NYSE:TTE)

Price T Rowe Associates Inc. MD cut its holdings in shares of TotalEnergies SE (NYSE:TTE) by 6.3% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 9,996,742 shares of the company’s stock after selling 670,702 shares during the quarter. Price T Rowe Associates Inc. MD’s holdings in TotalEnergies were worth $688,077,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Private Trust Co. NA boosted its position in shares of TotalEnergies by 1.6% during the first quarter. Private Trust Co. NA now owns 9,273 shares of the company’s stock valued at $638,000 after buying an additional 149 shares during the last quarter. Geneos Wealth Management Inc. boosted its position in shares of TotalEnergies by 3.6% during the first quarter. Geneos Wealth Management Inc. now owns 4,379 shares of the company’s stock valued at $301,000 after buying an additional 153 shares during the last quarter. PDS Planning Inc boosted its position in shares of TotalEnergies by 2.3% during the fourth quarter. PDS Planning Inc now owns 6,839 shares of the company’s stock valued at $461,000 after buying an additional 156 shares during the last quarter. Kestra Private Wealth Services LLC boosted its position in shares of TotalEnergies by 1.0% during the fourth quarter. Kestra Private Wealth Services LLC now owns 18,496 shares of the company’s stock valued at $1,246,000 after buying an additional 179 shares during the last quarter. Finally, Delta Financial Group Inc. boosted its position in shares of TotalEnergies by 3.1% during the first quarter. Delta Financial Group Inc. now owns 6,250 shares of the company’s stock valued at $430,000 after buying an additional 190 shares during the last quarter. 13.22% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Wolfe Research assumed coverage on TotalEnergies in a research report on Thursday, July 18th. They set an “outperform” rating and a $87.00 price objective on the stock. Piper Sandler increased their target price on TotalEnergies from $75.00 to $79.00 and gave the company a “neutral” rating in a report on Thursday, April 18th. Finally, Scotiabank decreased their price objective on TotalEnergies from $86.00 to $80.00 and set a “sector perform” rating on the stock in a research note on Friday, July 12th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, TotalEnergies has an average rating of “Hold” and an average price target of $76.00.

TotalEnergies Price Performance

Shares of NYSE:TTE traded down $1.14 during trading on Monday, hitting $66.71. 167,140 shares of the company’s stock were exchanged, compared to its average volume of 1,491,050. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.11 and a quick ratio of 0.87. TotalEnergies SE has a 52-week low of $57.97 and a 52-week high of $74.97. The business’s 50-day simple moving average is $68.99 and its 200 day simple moving average is $68.48. The company has a market cap of $157.53 billion, a price-to-earnings ratio of 7.66, a PEG ratio of 1.69 and a beta of 0.64.

TotalEnergies (NYSE:TTE) last released its earnings results on Thursday, July 25th. The company reported $1.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.11 by ($0.13). TotalEnergies had a return on equity of 17.92% and a net margin of 9.49%. The business had revenue of $53.74 billion for the quarter, compared to analysts’ expectations of $60.45 billion. During the same quarter in the prior year, the business posted $1.99 EPS. As a group, equities analysts predict that TotalEnergies SE will post 9 EPS 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.