Natixis Advisors LLC Sells 425,079 Shares of TotalEnergies SE (NYSE:TTE)

Natixis Advisors LLC lessened its holdings in TotalEnergies SE (NYSE:TTE) by 18.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,841,871 shares of the company’s stock after selling 425,079 shares during the quarter. Natixis Advisors LLC’s holdings in TotalEnergies were worth $100,382,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in TTE. FSA Wealth Management LLC bought a new position in TotalEnergies in the 3rd quarter valued at approximately $26,000. Continuum Advisory LLC raised its holdings in TotalEnergies by 70.4% in the 3rd quarter. Continuum Advisory LLC now owns 443 shares of the company’s stock valued at $27,000 after buying an additional 183 shares during the last quarter. Asset Planning Inc acquired a new stake in TotalEnergies during the 4th quarter valued at approximately $31,000. HHM Wealth Advisors LLC increased its position in TotalEnergies by 156.3% during 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 TotalEnergies during the 4th quarter valued at approximately $45,000. Institutional investors own 16.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on TTE shares. Redburn Atlantic raised shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 23rd. 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 research report on Tuesday, January 7th. Piper Sandler decreased their target price on shares of TotalEnergies from $77.00 to $62.00 and set a “neutral” rating for the company in a research report on Thursday, December 19th. Royal Bank of Canada raised shares of TotalEnergies from a “sector perform” rating to an “outperform” rating in a research report on Thursday, December 5th. Finally, BNP Paribas downgraded shares of TotalEnergies from an “outperform” rating to a “neutral” rating in a research report on Wednesday, November 27th. Six investment analysts have rated the stock with a hold rating, two have issued a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $72.42.

TotalEnergies Stock Performance

Shares of TTE stock opened at $62.81 on Friday. 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 firm has a fifty day simple moving average of $59.69 and a two-hundred day simple moving average of $61.36. TotalEnergies SE has a 12 month low of $53.29 and a 12 month high of $74.97. The firm has a market capitalization of $150.59 billion, a PE ratio of 9.43, a price-to-earnings-growth ratio of 0.98 and a beta of 0.56.

TotalEnergies (NYSE:TTE) last posted its earnings results on Wednesday, February 5th. The company reported $1.90 earnings per share for the quarter, topping analysts’ consensus estimates of $1.74 by $0.16. TotalEnergies had a net margin of 7.34% and a return on equity of 15.22%. Analysts forecast that TotalEnergies SE will post 8.02 EPS for the current fiscal year.

TotalEnergies 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.