Baker Ellis Asset Management LLC Cuts Holdings in TotalEnergies SE (NYSE:TTE)

Baker Ellis Asset Management LLC trimmed its position in shares of TotalEnergies SE (NYSE:TTE) by 6.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,600 shares of the company’s stock after selling 800 shares during the quarter. Baker Ellis Asset Management LLC’s holdings in TotalEnergies were worth $750,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Franklin Resources Inc. raised its holdings in TotalEnergies by 41.7% in the 4th quarter. Franklin Resources Inc. now owns 5,685,348 shares of the company’s stock worth $309,851,000 after purchasing an additional 1,672,387 shares during the period. Bank of Montreal Can increased its stake in TotalEnergies by 13.9% in the 4th quarter. Bank of Montreal Can now owns 484,854 shares of the company’s stock worth $26,425,000 after buying an additional 59,256 shares in the last quarter. CIBC Asset Management Inc grew its position in shares of TotalEnergies by 15.7% during the fourth quarter. CIBC Asset Management Inc now owns 59,100 shares of the company’s stock valued at $3,221,000 after purchasing an additional 8,000 shares in the last quarter. Royal Bank of Canada grew its position in shares of TotalEnergies by 10.0% during the fourth quarter. Royal Bank of Canada now owns 2,917,438 shares of the company’s stock valued at $159,000,000 after purchasing an additional 265,251 shares in the last quarter. Finally, Equity Investment Corp grew its position in shares of TotalEnergies by 10.5% during the fourth quarter. Equity Investment Corp now owns 2,058,589 shares of the company’s stock valued at $112,193,000 after purchasing an additional 196,277 shares in the last quarter. 16.53% of the stock is owned by institutional investors.

TotalEnergies Price Performance

NYSE:TTE opened at $62.13 on Thursday. TotalEnergies SE has a one year low of $52.78 and a one year high of $71.03. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.88 and a current ratio of 1.10. The firm has a market cap of $148.97 billion, a price-to-earnings ratio of 9.33, a PEG ratio of 0.98 and a beta of 0.56. The firm’s fifty day moving average is $58.25 and its two-hundred day moving average is $58.76.

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

Analyst Upgrades and Downgrades

Several research analysts recently commented on TTE shares. Morgan Stanley upgraded TotalEnergies from an “equal weight” rating to an “overweight” rating and set a $60.80 price target for the company in a research report on Monday, May 12th. Scotiabank decreased their price objective on TotalEnergies from $65.00 to $60.00 and set a “sector perform” rating for the company in a research note on Friday, April 11th. Piper Sandler lifted their price target on shares of TotalEnergies from $62.00 to $65.00 and gave the stock a “neutral” rating in a report on Tuesday, May 13th. Dbs Bank raised shares of TotalEnergies from a “hold” rating to a “buy” rating in a report on Wednesday, May 7th. Finally, BNP Paribas raised shares of TotalEnergies from a “neutral” rating to an “outperform” rating in a report on Tuesday, April 15th. Four equities 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 MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $69.36.

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.