National Bank of Canada FI Has $4.23 Million Holdings in TotalEnergies SE (NYSE:TTE)

National Bank of Canada FI cut its stake in TotalEnergies SE (NYSE:TTE) by 7.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 77,599 shares of the company’s stock after selling 6,227 shares during the quarter. National Bank of Canada FI’s holdings in TotalEnergies were worth $4,229,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Raymond James Financial Inc. bought a new position in TotalEnergies during the fourth quarter worth about $156,044,000. Franklin Resources Inc. lifted its holdings in shares of TotalEnergies by 41.7% in the fourth quarter. Franklin Resources Inc. now owns 5,685,348 shares of the company’s stock worth $309,851,000 after acquiring an additional 1,672,387 shares during the last quarter. Barclays PLC lifted its stake in TotalEnergies by 266.5% in the 3rd quarter. Barclays PLC now owns 674,154 shares of the company’s stock valued at $43,564,000 after purchasing an additional 490,187 shares during the last quarter. Equity Investment Corp lifted its stake in shares of TotalEnergies by 10.5% in the 4th 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. Finally, LPL Financial LLC raised its position in TotalEnergies by 14.9% in the fourth quarter. LPL Financial LLC now owns 1,164,972 shares of the company’s stock valued at $63,491,000 after purchasing an additional 151,336 shares during the last quarter. 16.53% of the stock is owned by institutional investors.

TotalEnergies Trading Down 3.7 %

NYSE:TTE opened at $55.55 on Tuesday. TotalEnergies SE has a 52 week low of $53.29 and a 52 week high of $74.97. The firm has a 50-day moving average price of $61.28 and a two-hundred day moving average price of $60.78. The firm has a market cap of $133.19 billion, a price-to-earnings ratio of 8.34, a price-to-earnings-growth ratio of 0.98 and a beta of 0.45. 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 (NYSE:TTE) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $1.90 earnings per share for the quarter, topping 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%. On average, equities analysts expect that TotalEnergies SE will post 8.02 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Redburn Atlantic upgraded shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 23rd. Piper Sandler dropped their price target on TotalEnergies from $77.00 to $62.00 and set a “neutral” rating on the stock in a research note on Thursday, December 19th. Morgan Stanley reissued an “equal weight” rating and set a $64.10 price objective (down previously from $70.40) on shares of TotalEnergies in a research report on Tuesday, January 7th. Finally, Citigroup raised shares of TotalEnergies from a “neutral” rating to a “buy” rating in a research report on Wednesday, March 26th. Six research analysts have rated the stock with a hold rating, three have assigned a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, TotalEnergies currently has an average rating of “Moderate Buy” and an average price target of $72.42.

TotalEnergies 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.