PDS Planning Inc Trims Position in TotalEnergies SE (NYSE:TTE)

PDS Planning Inc decreased its position in shares of TotalEnergies SE (NYSE:TTE) by 17.2% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 6,105 shares of the company’s stock after selling 1,266 shares during the period. PDS Planning Inc’s holdings in TotalEnergies were worth $333,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. FMR LLC lifted its stake in shares of TotalEnergies by 2.7% during the third quarter. FMR LLC now owns 12,445,228 shares of the company’s stock valued at $804,211,000 after buying an additional 324,033 shares during the period. Franklin Resources Inc. lifted its stake in shares of TotalEnergies by 62.7% during the third quarter. Franklin Resources Inc. now owns 4,012,961 shares of the company’s stock valued at $273,323,000 after buying an additional 1,546,866 shares during the period. Raymond James Financial Inc. purchased a new position in shares of TotalEnergies during the fourth quarter valued at approximately $156,044,000. Equity Investment Corp lifted its stake in shares of 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 buying an additional 196,277 shares during the period. Finally, Todd Asset Management LLC lifted its stake in shares of TotalEnergies by 1.2% during the fourth quarter. Todd Asset Management LLC now owns 1,178,840 shares of the company’s stock valued at $64,247,000 after buying an additional 13,503 shares during the period. Hedge funds and other institutional investors own 16.53% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Redburn Atlantic raised shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 23rd. Piper Sandler cut their price target on shares of 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 reaffirmed an “equal weight” rating and set a $64.10 price target (down previously from $70.40) on shares of TotalEnergies in a research note on Tuesday, January 7th. BNP Paribas downgraded shares of TotalEnergies from an “outperform” rating to a “neutral” rating in a research note on Wednesday, November 27th. Finally, Royal Bank of Canada raised shares of TotalEnergies from a “sector perform” rating to an “outperform” rating in a research note on Thursday, December 5th. Six research analysts have rated the stock with a hold rating, two have given a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $72.42.

TotalEnergies Price Performance

TotalEnergies stock opened at $63.33 on Wednesday. TotalEnergies SE has a 52-week low of $53.29 and a 52-week high of $74.97. The firm has a fifty day moving average of $59.94 and a 200-day moving average of $61.22. The firm has a market capitalization of $151.85 billion, a P/E ratio of 9.51, a PEG ratio of 0.98 and a beta of 0.56. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.36.

TotalEnergies (NYSE:TTE) last released its quarterly earnings data on Wednesday, February 5th. The company reported $1.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.74 by $0.16. TotalEnergies had a net margin of 7.34% and a return on equity of 15.22%. As a group, analysts predict that TotalEnergies SE will post 8.02 EPS for the current year.

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.