Recurrent Investment Advisors LLC Sells 1,195 Shares of TotalEnergies SE (NYSE:TTE)

Recurrent Investment Advisors LLC lowered its stake in TotalEnergies SE (NYSE:TTE) by 7.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 14,250 shares of the company’s stock after selling 1,195 shares during the quarter. Recurrent Investment Advisors LLC’s holdings in TotalEnergies were worth $777,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Bank of America Corp DE increased its holdings in TotalEnergies by 121.1% during the fourth quarter. Bank of America Corp DE now owns 7,648,225 shares of the company’s stock worth $416,828,000 after buying an additional 4,189,652 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of TotalEnergies during the 4th quarter worth about $156,044,000. Franklin Resources Inc. raised its holdings in shares of TotalEnergies by 41.7% in the 4th quarter. Franklin Resources Inc. now owns 5,685,348 shares of the company’s stock valued at $309,851,000 after purchasing an additional 1,672,387 shares during the period. Northern Trust Corp lifted its stake in TotalEnergies by 41.7% in the 4th quarter. Northern Trust Corp now owns 1,783,017 shares of the company’s stock valued at $97,174,000 after purchasing an additional 524,314 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its stake in TotalEnergies by 295.3% in the 4th quarter. BNP Paribas Financial Markets now owns 689,494 shares of the company’s stock valued at $37,577,000 after purchasing an additional 515,088 shares during the last quarter. 16.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on TTE shares. Redburn Atlantic raised TotalEnergies from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 23rd. Citigroup upgraded shares of TotalEnergies from a “neutral” rating to a “buy” rating in a research note on Wednesday, March 26th. Scotiabank decreased their price target on shares of TotalEnergies from $65.00 to $60.00 and set a “sector perform” rating on the stock in a research note on Friday, April 11th. Dbs Bank upgraded shares of TotalEnergies from a “hold” rating to a “buy” rating in a research report on Wednesday, May 7th. Finally, Piper Sandler boosted their price objective on TotalEnergies from $62.00 to $65.00 and gave the stock a “neutral” rating in a report on Tuesday. Four research analysts have rated the stock with a hold rating, seven have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $69.36.

TotalEnergies Price Performance

Shares of NYSE TTE opened at $59.20 on Thursday. The business has a fifty day moving average price of $59.77 and a two-hundred day moving average price of $59.10. The stock has a market capitalization of $141.94 billion, a PE ratio of 8.89, a P/E/G ratio of 0.98 and a beta of 0.58. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.10 and a quick ratio of 0.88. TotalEnergies SE has a fifty-two week low of $52.78 and a fifty-two week high of $73.86.

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

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.