TotalEnergies SE (NYSE:TTE) Shares Sold by Channing Global Advisors LLC

Channing Global Advisors LLC lessened its holdings in shares of TotalEnergies SE (NYSE:TTE) by 27.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,608 shares of the company’s stock after selling 1,780 shares during the period. Channing Global Advisors LLC’s holdings in TotalEnergies were worth $310,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TTE. Atria Wealth Solutions Inc. grew its holdings in TotalEnergies by 14.9% in the fourth quarter. Atria Wealth Solutions Inc. now owns 26,486 shares of the company’s stock valued at $1,787,000 after purchasing an additional 3,427 shares during the last quarter. Yousif Capital Management LLC lifted its position in shares of TotalEnergies by 3.6% in the fourth quarter. Yousif Capital Management LLC now owns 42,739 shares of the company’s stock valued at $2,880,000 after acquiring an additional 1,470 shares in the last quarter. NewSquare Capital LLC purchased a new stake in shares of TotalEnergies in the fourth quarter valued at $35,000. Weatherly Asset Management L. P. lifted its position in TotalEnergies by 13.0% during the fourth quarter. Weatherly Asset Management L. P. now owns 65,106 shares of the company’s stock worth $4,438,000 after buying an additional 7,498 shares during the period. Finally, GAMMA Investing LLC purchased a new position in TotalEnergies during the fourth quarter worth about $193,000. Institutional investors and hedge funds own 13.22% of the company’s stock.

Analyst Upgrades and Downgrades

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

TotalEnergies Price Performance

Shares of NYSE TTE traded up $0.74 during mid-day trading on Friday, reaching $74.49. The company had a trading volume of 1,188,186 shares, compared to its average volume of 1,683,161. TotalEnergies SE has a 1-year low of $54.94 and a 1-year high of $74.97. The company has a current ratio of 1.12, a quick ratio of 0.90 and a debt-to-equity ratio of 0.34. The stock has a market cap of $175.18 billion, a PE ratio of 8.51, a P/E/G ratio of 1.63 and a beta of 0.72. The company has a 50-day moving average price of $68.54 and a two-hundred day moving average price of $67.09.

TotalEnergies (NYSE:TTE) last announced its quarterly earnings results on Wednesday, February 7th. The company reported $2.16 earnings per share for the quarter, missing analysts’ consensus estimates of $2.43 by ($0.27). TotalEnergies had a return on equity of 19.61% and a net margin of 9.19%. The company had revenue of $54.77 billion during the quarter, compared to analyst estimates of $55.14 billion. During the same period in the prior year, the firm earned $2.97 EPS. On average, equities analysts anticipate that TotalEnergies SE will post 9.32 earnings per share for the current year.

Insider Transactions at TotalEnergies

In other TotalEnergies news, Director Se Totalenergies bought 196,964 shares of TotalEnergies stock in a transaction dated Thursday, March 28th. The shares were acquired at an average cost of $22.86 per share, with a total value of $4,502,597.04. Following the acquisition, the director now directly owns 295,235 shares of the company’s stock, valued at $6,749,072.10. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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.