First Trust Direct Indexing L.P. Sells 4,166 Shares of TotalEnergies SE (NYSE:TTE)

First Trust Direct Indexing L.P. trimmed its stake in TotalEnergies SE (NYSE:TTE) by 7.9% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 48,678 shares of the company’s stock after selling 4,166 shares during the quarter. First Trust Direct Indexing L.P.’s holdings in TotalEnergies were worth $3,351,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in TTE. Key Financial Inc grew its holdings in TotalEnergies by 139.0% during the fourth quarter. Key Financial Inc now owns 380 shares of the company’s stock worth $26,000 after purchasing an additional 221 shares during the period. Evolution Advisers Inc. bought a new position in TotalEnergies during the fourth quarter worth $29,000. Frazier Financial Advisors LLC acquired a new position in shares of TotalEnergies in the fourth quarter valued at $30,000. Tower Research Capital LLC TRC bought a new position in shares of TotalEnergies in the fourth quarter valued at about $31,000. Finally, Creekmur Asset Management LLC acquired a new stake in shares of TotalEnergies during the 4th quarter worth about $31,000. Institutional investors and hedge funds own 13.22% of the company’s stock.

TotalEnergies Trading Up 1.9 %

Shares of TotalEnergies stock traded up $1.32 during trading on Thursday, hitting $69.97. The company’s stock had a trading volume of 892,711 shares, compared to its average volume of 1,634,370. The stock has a market cap of $165.23 billion, a price-to-earnings ratio of 7.90, a price-to-earnings-growth ratio of 1.71 and a beta of 0.64. TotalEnergies SE has a 52 week low of $54.94 and a 52 week high of $74.97. The stock has a 50-day moving average price of $70.47 and a two-hundred day moving average price of $68.35. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.09 and a quick ratio of 0.87.

TotalEnergies (NYSE:TTE) last announced its earnings results on Friday, April 26th. The company reported $2.14 EPS for the quarter, beating the consensus estimate of $1.96 by $0.18. TotalEnergies had a return on equity of 18.30% and a net margin of 9.52%. The business had revenue of $56.28 billion for the quarter, compared to analysts’ expectations of $59.64 billion. Equities research analysts anticipate that TotalEnergies SE will post 9.16 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently commented on TTE shares. Piper Sandler upped their price target on shares of TotalEnergies from $75.00 to $79.00 and gave the company a “neutral” rating in a research note on Thursday, April 18th. Scotiabank increased their target price on TotalEnergies from $74.00 to $86.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 11th. Six equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $70.75.

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.