MGO One Seven LLC Decreases Stock Holdings in TotalEnergies SE (NYSE:TTE)

MGO One Seven LLC decreased its holdings in shares of TotalEnergies SE (NYSE:TTE) by 19.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,265 shares of the company’s stock after selling 1,763 shares during the period. MGO One Seven LLC’s holdings in TotalEnergies were worth $396,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TTE. Raymond James Financial Inc. purchased a new position in TotalEnergies in the 4th quarter valued at $156,044,000. Franklin Resources Inc. lifted its holdings in TotalEnergies by 41.7% in the 4th quarter. Franklin Resources Inc. now owns 5,685,348 shares of the company’s stock valued at $309,851,000 after purchasing an additional 1,672,387 shares in the last quarter. Barclays PLC lifted its holdings in TotalEnergies by 266.5% in the 3rd 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 in the last quarter. Federated Hermes Inc. lifted its holdings in TotalEnergies by 19.5% in the 4th quarter. Federated Hermes Inc. now owns 2,886,405 shares of the company’s stock valued at $157,309,000 after purchasing an additional 471,291 shares in the last quarter. Finally, Equity Investment Corp lifted its holdings in TotalEnergies by 10.5% in the 4th quarter. Equity Investment Corp now owns 2,058,589 shares of the company’s stock valued at $112,193,000 after purchasing an additional 196,277 shares in the last quarter. Hedge funds and other institutional investors own 16.53% of the company’s stock.

Analyst Upgrades and Downgrades

TTE has been the topic of a number of research reports. Scotiabank decreased their price objective on TotalEnergies from $65.00 to $60.00 and set a “sector perform” rating on the stock in a report on Friday, April 11th. BNP Paribas raised TotalEnergies from a “neutral” rating to an “outperform” rating in a research note on Tuesday, April 15th. Redburn Atlantic raised TotalEnergies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 23rd. Morgan Stanley reaffirmed an “equal weight” rating and issued a $64.10 target price (down from $70.40) on shares of TotalEnergies in a research note on Tuesday, January 7th. Finally, Citigroup raised TotalEnergies from a “neutral” rating to a “buy” rating in a research note on Wednesday, March 26th. Five analysts have rated the stock with a hold rating, four have assigned a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, TotalEnergies has an average rating of “Moderate Buy” and a consensus target price of $69.42.

TotalEnergies Stock Up 0.3 %

Shares of NYSE:TTE opened at $60.11 on Tuesday. The business has a 50-day moving average price of $60.38 and a 200 day moving average price of $59.61. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $144.12 billion, a price-to-earnings ratio of 9.03, a PEG ratio of 0.98 and a beta of 0.45. TotalEnergies SE has a 12-month low of $52.78 and a 12-month high of $74.66.

TotalEnergies (NYSE:TTE) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $1.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 expect that TotalEnergies SE will post 8.02 EPS for the current year.

About TotalEnergies

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.