TotalEnergies SE (NYSE:TTE) Stock Position Decreased by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC cut its position in shares of TotalEnergies SE (NYSE:TTE) by 2.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 256,465 shares of the company’s stock after selling 5,718 shares during the period. Wedge Capital Management L L P NC’s holdings in TotalEnergies were worth $17,281,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in TTE. IFP Advisors Inc increased its holdings in shares of TotalEnergies by 10.2% during the 3rd quarter. IFP Advisors Inc now owns 1,695 shares of the company’s stock valued at $111,000 after acquiring an additional 157 shares during the last quarter. Arkadios Wealth Advisors grew its holdings in TotalEnergies by 15.8% in the 3rd quarter. Arkadios Wealth Advisors now owns 6,577 shares of the company’s stock valued at $432,000 after buying an additional 896 shares during the last quarter. DAVENPORT & Co LLC grew its holdings in TotalEnergies by 5.5% in the 3rd quarter. DAVENPORT & Co LLC now owns 141,488 shares of the company’s stock valued at $9,305,000 after buying an additional 7,337 shares during the last quarter. BTC Capital Management Inc. grew its holdings in TotalEnergies by 20.7% in the 3rd quarter. BTC Capital Management Inc. now owns 33,643 shares of the company’s stock valued at $2,212,000 after buying an additional 5,769 shares during the last quarter. Finally, Cedar Brook Financial Partners LLC grew its holdings in TotalEnergies by 34.1% in the 3rd quarter. Cedar Brook Financial Partners LLC now owns 7,890 shares of the company’s stock valued at $519,000 after buying an additional 2,008 shares during the last quarter. Institutional investors and hedge funds own 13.22% of the company’s stock.

Insider Buying and Selling

In related news, Director Se Totalenergies acquired 196,964 shares of the firm’s stock in a transaction that occurred on Thursday, March 28th. The stock was acquired at an average cost of $22.86 per share, with a total value of $4,502,597.04. Following the completion of the purchase, the director now directly owns 295,235 shares in the company, valued at $6,749,072.10. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

TotalEnergies Trading Down 0.3 %

TTE stock opened at $72.37 on Tuesday. The company has a market cap of $170.19 billion, a P/E ratio of 8.38, a PEG ratio of 1.72 and a beta of 0.72. TotalEnergies SE has a twelve month low of $54.94 and a twelve month high of $74.06. The company has a quick ratio of 0.90, a current ratio of 1.12 and a debt-to-equity ratio of 0.34. The business has a fifty day moving average of $68.03 and a 200-day moving average of $66.94.

TotalEnergies (NYSE:TTE) last announced its quarterly earnings data on Wednesday, February 7th. The company reported $2.16 EPS for the quarter, missing analysts’ consensus estimates of $2.43 by ($0.27). TotalEnergies had a return on equity of 19.61% and a net margin of 9.19%. The company had revenue of $54.77 billion for the quarter, compared to analyst estimates of $55.14 billion. During the same period last year, the firm earned $2.97 earnings per share. As a group, equities research analysts expect that TotalEnergies SE will post 9.38 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on TTE. Piper Sandler raised 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. Scotiabank raised their target price on TotalEnergies from $74.00 to $86.00 and gave the company a “sector perform” rating in a report on Thursday, April 11th. Six investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $70.75.

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.