JARISLOWSKY FRASER Ltd Trims Holdings in TotalEnergies SE (NYSE:TTE)

JARISLOWSKY FRASER Ltd trimmed its stake in TotalEnergies SE (NYSE:TTE) by 1.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 46,486 shares of the company’s stock after selling 895 shares during the period. JARISLOWSKY FRASER Ltd’s holdings in TotalEnergies were worth $2,533,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Asset Planning Inc purchased a new stake in shares of TotalEnergies in the 4th quarter valued at approximately $31,000. Bernard Wealth Management Corp. purchased a new stake in shares of TotalEnergies in the 4th quarter valued at approximately $32,000. HHM Wealth Advisors LLC raised its stake in shares of TotalEnergies by 156.3% in the 4th quarter. HHM Wealth Advisors LLC now owns 656 shares of the company’s stock valued at $36,000 after acquiring an additional 400 shares during the period. Stonebridge Financial Group LLC purchased a new stake in shares of TotalEnergies in the 4th quarter valued at approximately $49,000. Finally, SRS Capital Advisors Inc. grew its holdings in shares of TotalEnergies by 108.4% in the fourth quarter. SRS Capital Advisors Inc. now owns 1,186 shares of the company’s stock valued at $65,000 after purchasing an additional 617 shares in the last quarter. 16.53% of the stock is owned by hedge funds and other institutional investors.

TotalEnergies Trading Up 2.2%

NYSE TTE opened at $58.67 on Monday. 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 SE has a 52 week low of $52.78 and a 52 week high of $74.43. The stock has a market capitalization of $140.67 billion, a PE ratio of 8.81, a price-to-earnings-growth ratio of 0.98 and a beta of 0.58. The firm has a 50 day moving average of $59.88 and a two-hundred day moving average of $59.14.

TotalEnergies (NYSE:TTE) last issued its earnings results on Wednesday, April 30th. The company reported $1.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.88 by ($0.05). TotalEnergies had a net margin of 7.34% and a return on equity of 15.22%. The company had revenue of $47.90 billion during the quarter, compared to analyst estimates of $41.23 billion. During the same quarter in the previous year, the company posted $2.14 EPS. As a group, research analysts expect that TotalEnergies SE will post 8.02 EPS for the current fiscal year.

Wall Street Analyst Weigh In

TTE has been the subject of a number of research reports. Citigroup upgraded shares of TotalEnergies from a “neutral” rating to a “buy” rating in a report on Wednesday, March 26th. BNP Paribas upgraded shares of TotalEnergies from a “neutral” rating to an “outperform” rating in a report on Tuesday, April 15th. Redburn Atlantic upgraded shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 23rd. Dbs Bank upgraded shares of TotalEnergies from a “hold” rating to a “buy” rating in a report on Wednesday, May 7th. Finally, Scotiabank dropped their price objective on shares of TotalEnergies from $65.00 to $60.00 and set a “sector perform” rating for the company in a report on Friday, April 11th. Five investment analysts have rated the stock with a hold rating, five have assigned a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, TotalEnergies has a consensus rating of “Moderate Buy” and an average target price of $69.42.

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.