Lindbrook Capital LLC Sells 924 Shares of TotalEnergies SE (NYSE:TTE)

Lindbrook Capital LLC lessened its stake in TotalEnergies SE (NYSE:TTE) by 20.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,543 shares of the company’s stock after selling 924 shares during the quarter. Lindbrook Capital LLC’s holdings in TotalEnergies were worth $193,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. FMR LLC raised its holdings in shares of TotalEnergies by 2.7% in the 3rd quarter. FMR LLC now owns 12,445,228 shares of the company’s stock worth $804,211,000 after purchasing an additional 324,033 shares during the period. Franklin Resources Inc. raised its holdings in shares of TotalEnergies by 62.7% in the 3rd quarter. Franklin Resources Inc. now owns 4,012,961 shares of the company’s stock worth $273,323,000 after purchasing an additional 1,546,866 shares during the period. Raymond James Financial Inc. bought a new stake in shares of TotalEnergies in the 4th quarter worth approximately $156,044,000. Natixis Advisors LLC raised its holdings in TotalEnergies by 4.9% during the 3rd quarter. Natixis Advisors LLC now owns 2,266,950 shares of the company’s stock valued at $146,490,000 after acquiring an additional 106,347 shares during the period. Finally, Equity Investment Corp raised its holdings in TotalEnergies by 10.5% during the 4th quarter. Equity Investment Corp now owns 2,058,589 shares of the company’s stock valued at $112,193,000 after acquiring an additional 196,277 shares during the period. Institutional investors own 16.53% of the company’s stock.

Analyst Ratings Changes

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

TotalEnergies Trading Up 0.9 %

TotalEnergies stock opened at $61.36 on Friday. The stock has a market cap of $147.11 billion, a P/E ratio of 9.21, a PEG ratio of 0.98 and a beta of 0.56. TotalEnergies SE has a fifty-two week low of $53.29 and a fifty-two week high of $74.97. The firm’s fifty day moving average price is $58.86 and its 200-day moving average price is $61.74. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.88 and a current ratio of 1.10.

TotalEnergies (NYSE:TTE) last released its quarterly earnings results 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 net margin of 7.34% and a return on equity of 15.22%. Equities research analysts forecast that TotalEnergies SE will post 8.02 earnings per share for the current fiscal 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.