Checchi Capital Advisers LLC Has $942,000 Position in TotalEnergies SE (NYSE:TTE)

Checchi Capital Advisers LLC lowered its position in shares of TotalEnergies SE (NYSE:TTE) by 4.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 17,286 shares of the company’s stock after selling 768 shares during the quarter. Checchi Capital Advisers LLC’s holdings in TotalEnergies were worth $942,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of TTE. Franklin Resources Inc. grew its holdings in TotalEnergies by 62.7% during the third quarter. Franklin Resources Inc. now owns 4,012,961 shares of the company’s stock valued at $273,323,000 after purchasing an additional 1,546,866 shares during the period. Barclays PLC grew its holdings in TotalEnergies by 266.5% during the third quarter. Barclays PLC now owns 674,154 shares of the company’s stock valued at $43,564,000 after purchasing an additional 490,187 shares during the period. FMR LLC grew its holdings in TotalEnergies by 2.7% during the third quarter. FMR LLC now owns 12,445,228 shares of the company’s stock valued at $804,211,000 after purchasing an additional 324,033 shares during the period. DRW Securities LLC grew its holdings in TotalEnergies by 134.5% during the third quarter. DRW Securities LLC now owns 64,209 shares of the company’s stock valued at $4,149,000 after purchasing an additional 250,427 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its holdings in TotalEnergies by 54.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 353,653 shares of the company’s stock valued at $19,479,000 after purchasing an additional 124,872 shares during the period. Institutional investors and hedge funds own 16.53% of the company’s stock.

TotalEnergies Stock Performance

Shares of TTE stock opened at $60.52 on Thursday. The company’s fifty day simple moving average is $58.13 and its 200-day simple moving average is $62.02. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.36. The firm has a market cap of $142.92 billion, a PE ratio of 9.09, a P/E/G ratio of 0.98 and a beta of 0.61. TotalEnergies SE has a 12 month low of $53.29 and a 12 month high of $74.97.

TotalEnergies (NYSE:TTE) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $1.90 EPS for the quarter, topping analysts’ consensus estimates of $1.74 by $0.16. TotalEnergies had a net margin of 7.34% and a return on equity of 15.22%. Equities research analysts expect that TotalEnergies SE will post 8.02 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. BNP Paribas cut shares of TotalEnergies from an “outperform” rating to a “neutral” rating in a report on Wednesday, November 27th. Redburn Atlantic upgraded shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 23rd. Royal Bank of Canada upgraded shares of TotalEnergies from a “sector perform” rating to an “outperform” rating in a report on Thursday, December 5th. Piper Sandler reduced their price target on shares of TotalEnergies from $77.00 to $62.00 and set a “neutral” rating for the company in a report on Thursday, December 19th. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $64.10 price target (down previously from $70.40) on shares of TotalEnergies in a report on Tuesday, January 7th. Six investment analysts have rated the stock with a hold rating, two have issued a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $72.42.

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.