TotalEnergies SE (NYSE:TTE) Stock Position Decreased by Fisher Asset Management LLC

Fisher Asset Management LLC cut its position in shares of TotalEnergies SE (NYSE:TTE) by 3.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,029,522 shares of the company’s stock after selling 698,330 shares during the period. Fisher Asset Management LLC owned 0.93% of TotalEnergies worth $1,200,609,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TTE. Wealth Enhancement Advisory Services LLC raised its stake in shares of TotalEnergies by 67.4% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 52,578 shares of the company’s stock valued at $3,398,000 after acquiring an additional 21,172 shares in the last quarter. Pinnacle Associates Ltd. raised its stake in shares of TotalEnergies by 74.5% in the 3rd quarter. Pinnacle Associates Ltd. now owns 51,536 shares of the company’s stock valued at $3,473,000 after acquiring an additional 21,996 shares in the last quarter. Diversify Wealth Management LLC raised its stake in shares of TotalEnergies by 28.4% in the 3rd quarter. Diversify Wealth Management LLC now owns 9,932 shares of the company’s stock valued at $642,000 after acquiring an additional 2,199 shares in the last quarter. HM Payson & Co. raised its stake in shares of TotalEnergies by 49.4% in the 3rd quarter. HM Payson & Co. now owns 3,460 shares of the company’s stock valued at $224,000 after acquiring an additional 1,144 shares in the last quarter. Finally, US Bancorp DE raised its stake in shares of TotalEnergies by 1.2% in the 3rd quarter. US Bancorp DE now owns 86,077 shares of the company’s stock valued at $5,562,000 after acquiring an additional 1,014 shares in the last quarter. 16.53% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on TTE. Morgan Stanley reissued an “equal weight” rating and issued a $64.10 price objective (down from $70.40) on shares of TotalEnergies in a research note on Tuesday, January 7th. Piper Sandler cut their price objective on TotalEnergies from $77.00 to $62.00 and set a “neutral” rating on the stock 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 report on Thursday, December 5th. Redburn Atlantic raised TotalEnergies from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 23rd. Finally, BNP Paribas lowered TotalEnergies from an “outperform” rating to a “neutral” rating in a report on Wednesday, November 27th. Six 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 MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $72.42.

TotalEnergies Price Performance

Shares of NYSE:TTE opened at $60.17 on Friday. TotalEnergies SE has a 1-year low of $53.29 and a 1-year high of $74.97. The firm has a market capitalization of $142.09 billion, a PE ratio of 9.03, a PEG ratio of 0.98 and a beta of 0.61. The business’s 50 day moving average is $58.37 and its 200-day moving average is $61.95. 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 announced its quarterly earnings data on Wednesday, February 5th. The company reported $1.90 earnings per share for the quarter, topping the consensus estimate of $1.74 by $0.16. TotalEnergies had a return on equity of 15.22% and a net margin of 7.34%. Sell-side analysts predict that TotalEnergies SE will post 8.02 earnings per share for the current 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.