TotalEnergies SE (NYSE:TTE) Stock Holdings Decreased by GQG Partners LLC

GQG Partners LLC lessened its stake in TotalEnergies SE (NYSE:TTE) by 65.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 108,413 shares of the company’s stock after selling 203,384 shares during the quarter. GQG Partners LLC’s holdings in TotalEnergies were worth $5,909,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of TTE. FSA Wealth Management LLC bought a new position in TotalEnergies during the 3rd quarter worth approximately $26,000. Continuum Advisory LLC raised its position in shares of TotalEnergies by 70.4% during the 3rd quarter. Continuum Advisory LLC now owns 443 shares of the company’s stock valued at $27,000 after acquiring an additional 183 shares in the last quarter. Asset Planning Inc bought a new position in TotalEnergies during the fourth quarter worth $31,000. HHM Wealth Advisors LLC boosted its holdings in TotalEnergies by 156.3% in the fourth quarter. HHM Wealth Advisors LLC now owns 656 shares of the company’s stock worth $36,000 after purchasing an additional 400 shares during the period. Finally, Versant Capital Management Inc bought a new stake in TotalEnergies during the fourth quarter valued at $45,000. Institutional investors own 16.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on TTE shares. Morgan Stanley restated an “equal weight” rating and issued a $64.10 price target (down from $70.40) on shares of TotalEnergies in a research report on Tuesday, January 7th. BNP Paribas downgraded TotalEnergies from an “outperform” rating to a “neutral” rating in a research note on Wednesday, November 27th. Royal Bank of Canada raised TotalEnergies from a “sector perform” rating to an “outperform” rating in a report on Thursday, December 5th. Redburn Atlantic raised TotalEnergies from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 23rd. Finally, Piper Sandler lowered their price objective on TotalEnergies from $77.00 to $62.00 and set a “neutral” rating for the company in a research note on Thursday, December 19th. Six investment analysts have rated the stock with a hold rating, two have issued a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $72.42.

TotalEnergies Stock Performance

Shares of NYSE TTE opened at $63.01 on Tuesday. TotalEnergies SE has a 12-month low of $53.29 and a 12-month high of $74.97. The company has a market cap of $151.09 billion, a PE ratio of 9.46, a P/E/G ratio of 0.98 and a beta of 0.56. The stock has a 50 day simple moving average of $60.48 and a 200-day simple moving average of $61.12. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.36.

TotalEnergies (NYSE:TTE) last announced its earnings results on Wednesday, February 5th. The company reported $1.90 earnings per share for the quarter, beating the consensus estimate of $1.74 by $0.16. TotalEnergies had a return on equity of 15.22% and a net margin of 7.34%. On average, equities research analysts forecast 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.