Flputnam Investment Management Co. Sells 23,489 Shares of TotalEnergies SE (NYSE:TTE)

Flputnam Investment Management Co. lessened its position in shares of TotalEnergies SE (NYSE:TTE) by 24.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 72,304 shares of the company’s stock after selling 23,489 shares during the period. Flputnam Investment Management Co.’s holdings in TotalEnergies were worth $3,941,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. FMR LLC grew its holdings in shares of TotalEnergies by 2.7% during the third quarter. FMR LLC now owns 12,445,228 shares of the company’s stock worth $804,211,000 after buying an additional 324,033 shares in the last quarter. Franklin Resources Inc. grew its stake in shares of TotalEnergies by 62.7% during the 3rd quarter. Franklin Resources Inc. now owns 4,012,961 shares of the company’s stock worth $273,323,000 after acquiring an additional 1,546,866 shares in the last quarter. Natixis Advisors LLC raised its holdings in shares of TotalEnergies by 4.9% in the third quarter. Natixis Advisors LLC now owns 2,266,950 shares of the company’s stock valued at $146,490,000 after purchasing an additional 106,347 shares during the last quarter. Equity Investment Corp lifted its position in shares of TotalEnergies by 10.5% in the fourth quarter. Equity Investment Corp now owns 2,058,589 shares of the company’s stock worth $112,193,000 after purchasing an additional 196,277 shares in the last quarter. Finally, Todd Asset Management LLC boosted its holdings in TotalEnergies by 1.2% during the fourth quarter. Todd Asset Management LLC now owns 1,178,840 shares of the company’s stock worth $64,247,000 after purchasing an additional 13,503 shares during the last quarter. Institutional investors and hedge funds own 16.53% of the company’s stock.

TotalEnergies Stock Up 0.2 %

TTE opened at $60.17 on Friday. The stock’s fifty day simple moving average is $58.37 and its 200 day simple moving average is $61.91. TotalEnergies SE has a 1-year low of $53.29 and a 1-year high of $74.97. The stock has a market cap of $144.27 billion, a PE ratio of 9.03, a price-to-earnings-growth ratio of 0.98 and a beta of 0.61. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.36.

TotalEnergies (NYSE:TTE) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $1.90 earnings per share for the quarter, beating the consensus estimate of $1.74 by $0.16. TotalEnergies had a net margin of 7.34% and a return on equity of 15.22%. As a group, research analysts expect that TotalEnergies SE will post 8.02 earnings per share for the current year.

Analysts Set New Price Targets

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

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.