TotalEnergies SE (NYSE:TTE) Shares Sold by Quadrant Capital Group LLC

Quadrant Capital Group LLC lessened its holdings in shares of TotalEnergies SE (NYSE:TTE) by 24.1% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,545 shares of the company’s stock after selling 4,631 shares during the quarter. Quadrant Capital Group LLC’s holdings in TotalEnergies were worth $793,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Integrated Wealth Concepts LLC lifted its holdings in TotalEnergies by 1.0% during 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 in the last quarter. Apollon Wealth Management LLC raised its stake in shares of 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 in the last quarter. Continuum Advisory LLC boosted its holdings in TotalEnergies by 70.4% in 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 during the period. First Horizon Advisors Inc. grew its stake in TotalEnergies by 9.1% during the 4th quarter. First Horizon Advisors Inc. now owns 2,217 shares of the company’s stock worth $121,000 after purchasing an additional 184 shares in the last quarter. Finally, FSM Wealth Advisors LLC increased its holdings in TotalEnergies by 3.4% during the 4th quarter. FSM Wealth Advisors LLC now owns 5,635 shares of the company’s stock worth $333,000 after purchasing an additional 187 shares during the period. Hedge funds and other institutional investors own 16.53% of the company’s stock.

Wall Street Analyst Weigh In

TTE has been the subject of a number of analyst reports. Redburn Atlantic raised 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 report on Wednesday, March 26th. Piper Sandler reduced their price objective on shares of TotalEnergies from $77.00 to $62.00 and set a “neutral” rating on the stock in a report on Thursday, December 19th. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $64.10 target price (down previously from $70.40) on shares of TotalEnergies in a research note on Tuesday, January 7th. Six analysts have rated the stock with a hold rating, three have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, TotalEnergies currently has an average rating of “Moderate Buy” and an average target price of $72.42.

TotalEnergies Price Performance

Shares of NYSE:TTE opened at $57.82 on Monday. TotalEnergies SE has a 12 month low of $53.29 and a 12 month high of $74.97. The firm has a market capitalization of $138.64 billion, a P/E ratio of 8.68, a P/E/G ratio of 0.98 and a beta of 0.45. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.10 and a quick ratio of 0.88. The company’s fifty day moving average price is $61.35 and its 200 day moving average price is $60.88.

TotalEnergies (NYSE:TTE) last posted its 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 return on equity of 15.22% and a net margin of 7.34%. As a group, sell-side analysts predict that TotalEnergies SE will post 8.02 earnings per share 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.