Cwm LLC Has $8.17 Million Stock Position in TotalEnergies SE (NYSE:TTE)

Cwm LLC lowered its holdings in TotalEnergies SE (NYSE:TTE) by 5.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 121,234 shares of the company’s stock after selling 6,616 shares during the quarter. Cwm LLC’s holdings in TotalEnergies were worth $8,169,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. FMR LLC grew its holdings in shares of TotalEnergies by 0.4% during the 3rd quarter. FMR LLC now owns 12,364,753 shares of the company’s stock worth $813,106,000 after purchasing an additional 52,562 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in TotalEnergies by 3.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 3,648,282 shares of the company’s stock valued at $241,480,000 after buying an additional 129,960 shares in the last quarter. American Century Companies Inc. boosted its stake in TotalEnergies by 0.4% in the 3rd quarter. American Century Companies Inc. now owns 3,160,760 shares of the company’s stock valued at $207,852,000 after buying an additional 11,094 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in TotalEnergies by 27.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 2,765,323 shares of the company’s stock valued at $181,848,000 after buying an additional 590,372 shares in the last quarter. Finally, Royal Bank of Canada boosted its stake in TotalEnergies by 8.8% in the 3rd quarter. Royal Bank of Canada now owns 2,405,524 shares of the company’s stock valued at $158,186,000 after buying an additional 194,228 shares in the last quarter. Institutional investors and hedge funds own 13.22% of the company’s stock.

Wall Street Analyst Weigh In

TTE has been the topic of several recent analyst reports. Piper Sandler boosted their price target on TotalEnergies from $75.00 to $79.00 and gave the company a “neutral” rating in a research note on Thursday, April 18th. Scotiabank boosted their price target on TotalEnergies from $74.00 to $86.00 and gave the company a “sector perform” rating in a research note on Thursday, April 11th. Six research analysts have rated the stock with a hold rating, According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $70.75.

Insider Transactions at TotalEnergies

In other news, Director Se Totalenergies bought 196,964 shares of the company’s stock in a transaction dated Thursday, March 28th. The stock was bought at an average price of $22.86 per share, for a total transaction of $4,502,597.04. Following the completion of the transaction, the director now directly owns 295,235 shares in the company, valued at approximately $6,749,072.10. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

TotalEnergies Trading Up 0.8 %

Shares of TTE opened at $72.63 on Tuesday. The stock has a fifty day moving average price of $68.03 and a two-hundred day moving average price of $66.94. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.90 and a current ratio of 1.12. TotalEnergies SE has a 52-week low of $54.94 and a 52-week high of $74.06. The company has a market cap of $170.80 billion, a price-to-earnings ratio of 8.38, a PEG ratio of 1.72 and a beta of 0.72.

TotalEnergies (NYSE:TTE) last issued its quarterly earnings data on Wednesday, February 7th. The company reported $2.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.43 by ($0.27). The business had revenue of $54.77 billion during the quarter, compared to the consensus estimate of $55.14 billion. TotalEnergies had a net margin of 9.19% and a return on equity of 19.61%. During the same quarter in the previous year, the firm posted $2.97 EPS. Analysts predict that TotalEnergies SE will post 9.38 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.