Banco Santander S.A. Reduces Stock Position in TotalEnergies SE (NYSE:TTE)

Banco Santander S.A. cut its holdings in shares of TotalEnergies SE (NYSE:TTE) by 1.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 53,038 shares of the company’s stock after selling 830 shares during the quarter. Banco Santander S.A.’s holdings in TotalEnergies were worth $2,891,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of TTE. Raymond James Financial Inc. purchased a new stake in TotalEnergies during the 4th quarter worth approximately $156,044,000. Franklin Resources Inc. increased its holdings in TotalEnergies by 62.7% during the 3rd quarter. Franklin Resources Inc. now owns 4,012,961 shares of the company’s stock worth $273,323,000 after purchasing an additional 1,546,866 shares during the last quarter. Barclays PLC increased its holdings in TotalEnergies by 266.5% during the 3rd quarter. Barclays PLC now owns 674,154 shares of the company’s stock worth $43,564,000 after purchasing an additional 490,187 shares during the last quarter. FMR LLC grew its position in shares of TotalEnergies by 2.7% in the 3rd quarter. FMR LLC now owns 12,445,228 shares of the company’s stock worth $804,211,000 after acquiring an additional 324,033 shares in the last quarter. Finally, DRW Securities LLC grew its position in shares of TotalEnergies by 134.5% in the 3rd quarter. DRW Securities LLC now owns 64,209 shares of the company’s stock worth $4,149,000 after acquiring an additional 250,427 shares in the last quarter. 16.53% of the stock is currently owned by hedge funds and other institutional investors.

TotalEnergies Trading Up 0.9 %

NYSE:TTE opened at $61.36 on Friday. 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 $147.11 billion, a P/E ratio of 9.21, a P/E/G ratio of 0.98 and a beta of 0.56. 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 business has a 50 day simple moving average of $58.99 and a 200 day simple moving average of $61.64.

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, beating analysts’ consensus estimates of $1.74 by $0.16. TotalEnergies had a return on equity of 15.22% and a net margin of 7.34%. Equities research analysts predict that TotalEnergies SE will post 8.02 EPS for the current year.

Analyst Ratings Changes

Several brokerages have recently commented on TTE. Morgan Stanley reiterated an “equal weight” rating and issued a $64.10 target price (down previously from $70.40) on shares of TotalEnergies in a research report on Tuesday, January 7th. Piper Sandler decreased their target price on TotalEnergies from $77.00 to $62.00 and set a “neutral” rating for the company in a research report on Thursday, December 19th. Redburn Atlantic upgraded TotalEnergies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 23rd. Royal Bank of Canada upgraded TotalEnergies from a “sector perform” rating to an “outperform” rating in a research report on Thursday, December 5th. Finally, BNP Paribas lowered TotalEnergies from an “outperform” rating to a “neutral” rating in a research report on Wednesday, November 27th. Six equities research analysts have rated the stock with a hold rating, two have issued a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, TotalEnergies currently has a consensus 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.