International Assets Investment Management LLC Decreases Stock Holdings in TotalEnergies SE (NYSE:TTE)

International Assets Investment Management LLC decreased its holdings in TotalEnergies SE (NYSE:TTE) by 98.5% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,539 shares of the company’s stock after selling 495,857 shares during the quarter. International Assets Investment Management LLC’s holdings in TotalEnergies were worth $526,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in TTE. Natixis Advisors L.P. increased its position in shares of TotalEnergies by 29.4% during the 4th quarter. Natixis Advisors L.P. now owns 1,988,119 shares of the company’s stock valued at $133,959,000 after purchasing an additional 451,597 shares during the last quarter. Fisher Asset Management LLC increased its position in shares of TotalEnergies by 2.0% during the 4th quarter. Fisher Asset Management LLC now owns 21,184,792 shares of the company’s stock valued at $1,427,431,000 after purchasing an additional 419,487 shares during the last quarter. Royal Bank of Canada increased its position in shares of TotalEnergies by 8.8% during the 3rd quarter. Royal Bank of Canada now owns 2,405,524 shares of the company’s stock valued at $158,186,000 after purchasing an additional 194,228 shares during the last quarter. Compound Global Advisors LLC purchased a new stake in shares of TotalEnergies during the 4th quarter valued at about $12,927,000. Finally, Main Street Research LLC increased its position in shares of TotalEnergies by 88.5% during the 4th quarter. Main Street Research LLC now owns 311,096 shares of the company’s stock valued at $21,213,000 after purchasing an additional 146,094 shares during the last quarter. Hedge funds and other institutional investors own 13.22% of the company’s stock.

TotalEnergies Trading Down 1.1 %

TTE stock opened at $65.76 on Monday. TotalEnergies SE has a 1-year low of $54.94 and a 1-year high of $74.97. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.09 and a quick ratio of 0.87. The company has a market capitalization of $154.65 billion, a price-to-earnings ratio of 7.42, a PEG ratio of 1.67 and a beta of 0.67. The business has a 50 day simple moving average of $71.17 and a two-hundred day simple moving average of $68.30.

TotalEnergies (NYSE:TTE) last posted its earnings results on Friday, April 26th. The company reported $2.14 earnings per share for the quarter, beating analysts’ consensus estimates of $1.96 by $0.18. TotalEnergies had a net margin of 9.52% and a return on equity of 18.30%. The firm had revenue of $56.28 billion during the quarter, compared to analyst estimates of $59.64 billion. Research analysts anticipate that TotalEnergies SE will post 9.08 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on TTE. Piper Sandler boosted their price objective 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 objective 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 equities research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $70.75.

Insider Activity at TotalEnergies

In other TotalEnergies news, Director Se Totalenergies bought 196,964 shares of the business’s stock in a transaction that occurred on Thursday, March 28th. The stock was purchased at an average cost of $22.86 per share, with a total value of $4,502,597.04. Following the completion of the acquisition, the director now owns 295,235 shares in the company, valued at approximately $6,749,072.10. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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.