Wellington Management Group LLP Decreases Position in TotalEnergies SE (NYSE:TTE)

Wellington Management Group LLP reduced its stake in TotalEnergies SE (NYSE:TTE) by 1.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,044,997 shares of the company’s stock after selling 149,270 shares during the period. Wellington Management Group LLP owned 0.34% of TotalEnergies worth $438,452,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. FSA Wealth Management LLC purchased a new position in shares of TotalEnergies in the 3rd quarter valued at $26,000. Continuum Advisory LLC grew its holdings in shares of TotalEnergies by 70.4% during the third quarter. Continuum Advisory LLC now owns 443 shares of the company’s stock worth $27,000 after purchasing an additional 183 shares during the last quarter. Asset Planning Inc acquired a new stake in shares of TotalEnergies during the fourth quarter worth about $31,000. HHM Wealth Advisors LLC boosted its position in shares of TotalEnergies by 156.3% in the 4th quarter. HHM Wealth Advisors LLC now owns 656 shares of the company’s stock valued at $36,000 after purchasing an additional 400 shares during the period. Finally, Versant Capital Management Inc acquired a new stake in shares of TotalEnergies in the 4th quarter valued at about $45,000. Hedge funds and other institutional investors own 16.53% of the company’s stock.

TotalEnergies Trading Up 0.9 %

Shares of TotalEnergies stock opened at $64.71 on Tuesday. The firm has a market cap of $155.14 billion, a price-to-earnings ratio of 9.72, a price-to-earnings-growth ratio of 0.98 and a beta of 0.56. TotalEnergies SE has a 52-week low of $53.29 and a 52-week high of $74.97. The company’s 50-day simple moving average is $61.07 and its 200-day simple moving average is $61.04. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.36.

TotalEnergies (NYSE:TTE) last released its earnings results on Wednesday, February 5th. The company reported $1.90 earnings per share (EPS) 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%. As a group, equities research analysts anticipate that TotalEnergies SE will post 8.02 earnings per share for the current year.

Wall Street Analysts Forecast Growth

TTE has been the subject of a number of research reports. Citigroup upgraded TotalEnergies from a “neutral” rating to a “buy” rating in a research note on Wednesday, March 26th. Redburn Atlantic upgraded shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 23rd. Royal Bank of Canada upgraded shares of TotalEnergies from a “sector perform” rating to an “outperform” rating in a research note on Thursday, December 5th. Morgan Stanley reiterated an “equal weight” rating and set a $64.10 target price (down previously from $70.40) on shares of TotalEnergies in a research note on Tuesday, January 7th. Finally, Piper Sandler lowered their price target on TotalEnergies from $77.00 to $62.00 and set a “neutral” rating on the stock in a report on Thursday, December 19th. Six investment analysts have rated the stock with a hold rating, three have issued a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus 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.