OLD National Bancorp IN Sells 1,145 Shares of TotalEnergies SE (NYSE:TTE)

OLD National Bancorp IN lowered its holdings in shares of TotalEnergies SE (NYSE:TTE) by 6.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 16,638 shares of the company’s stock after selling 1,145 shares during the period. OLD National Bancorp IN’s holdings in TotalEnergies were worth $1,121,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Cetera Trust Company N.A purchased a new stake in shares of TotalEnergies during the fourth quarter worth about $261,000. Signaturefd LLC grew its position in shares of TotalEnergies by 7.9% during the fourth quarter. Signaturefd LLC now owns 31,102 shares of the company’s stock worth $2,096,000 after purchasing an additional 2,264 shares in the last quarter. Verdence Capital Advisors LLC grew its position in shares of TotalEnergies by 1.0% during the fourth quarter. Verdence Capital Advisors LLC now owns 35,838 shares of the company’s stock worth $2,415,000 after purchasing an additional 367 shares in the last quarter. Lindbrook Capital LLC grew its holdings in TotalEnergies by 11.6% during the 4th quarter. Lindbrook Capital LLC now owns 4,607 shares of the company’s stock valued at $310,000 after buying an additional 478 shares in the last quarter. Finally, abrdn plc grew its holdings in TotalEnergies by 0.3% during the 4th quarter. abrdn plc now owns 384,916 shares of the company’s stock valued at $25,936,000 after buying an additional 1,287 shares in the last quarter. Hedge funds and other institutional investors own 13.22% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on TTE. Scotiabank raised their price target on TotalEnergies from $74.00 to $86.00 and gave the company a “sector perform” rating in a report on Thursday, April 11th. Piper Sandler raised their price target on TotalEnergies from $75.00 to $79.00 and gave the company a “neutral” rating in a report on Thursday, April 18th. Six equities research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $70.75.

Insider Activity

In related news, Director Se Totalenergies acquired 196,964 shares of the stock in a transaction dated Thursday, March 28th. The stock was acquired at an average cost of $22.86 per share, with a total value of $4,502,597.04. Following the purchase, the director now directly owns 295,235 shares of the company’s stock, valued at $6,749,072.10. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

TotalEnergies Stock Performance

NYSE TTE opened at $73.00 on Wednesday. The stock has a market capitalization of $171.67 billion, a PE ratio of 8.42, a P/E/G ratio of 1.74 and a beta of 0.72. TotalEnergies SE has a 1-year low of $54.94 and a 1-year high of $74.06. The business has a 50 day simple moving average of $68.20 and a two-hundred day simple moving average of $67.01. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.12 and a quick ratio of 0.90.

TotalEnergies (NYSE:TTE) last posted its quarterly earnings data on Wednesday, February 7th. The company reported $2.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.43 by ($0.27). The company had revenue of $54.77 billion during the quarter, compared to the consensus estimate of $55.14 billion. TotalEnergies had a net margin of 9.19% and a return on equity of 19.61%. During the same period in the previous year, the business earned $2.97 earnings per share. On average, research analysts predict that TotalEnergies SE will post 9.38 EPS for the current fiscal year.

TotalEnergies Company 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.