Lesa Sroufe & Co Sells 29,032 Shares of TotalEnergies SE (NYSE:TTE)

Lesa Sroufe & Co cut its holdings in shares of TotalEnergies SE (NYSE:TTE) by 88.0% during the 4th quarter, Holdings Channel reports. The firm owned 3,968 shares of the company’s stock after selling 29,032 shares during the period. Lesa Sroufe & Co’s holdings in TotalEnergies were worth $267,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the business. PDS Planning Inc increased its holdings in shares of TotalEnergies by 2.3% during the fourth quarter. PDS Planning Inc now owns 6,839 shares of the company’s stock worth $461,000 after purchasing an additional 156 shares during the period. Foster & Motley Inc. boosted its position in shares of TotalEnergies by 5.8% during the 4th quarter. Foster & Motley Inc. now owns 39,812 shares of the company’s stock worth $2,683,000 after acquiring an additional 2,187 shares in the last quarter. Jennison Associates LLC boosted its position in shares of TotalEnergies by 21.1% during the 4th quarter. Jennison Associates LLC now owns 476,708 shares of the company’s stock worth $32,121,000 after acquiring an additional 83,148 shares in the last quarter. Cetera Trust Company N.A acquired a new stake in shares of TotalEnergies during the 4th quarter worth approximately $261,000. Finally, Signaturefd LLC boosted its position in shares of TotalEnergies by 7.9% during the 4th quarter. Signaturefd LLC now owns 31,102 shares of the company’s stock worth $2,096,000 after acquiring an additional 2,264 shares in the last quarter. 13.22% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Piper Sandler increased their price target on shares of TotalEnergies from $75.00 to $79.00 and gave the stock a “neutral” rating in a research report on Thursday, April 18th. Scotiabank increased their price target on shares of TotalEnergies from $74.00 to $86.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 11th. Six equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $70.75.

TotalEnergies Stock Performance

Shares of TotalEnergies stock opened at $72.72 on Wednesday. TotalEnergies SE has a fifty-two week low of $54.94 and a fifty-two week high of $74.06. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.12 and a quick ratio of 0.90. The firm has a market capitalization of $171.02 billion, a P/E ratio of 8.42, a P/E/G ratio of 1.74 and a beta of 0.72. The company’s 50 day moving average price is $68.20 and its two-hundred day moving average price is $67.01.

TotalEnergies (NYSE:TTE) last issued its earnings results on Wednesday, February 7th. The company reported $2.16 earnings per share for the quarter, missing analysts’ consensus estimates of $2.43 by ($0.27). TotalEnergies had a net margin of 9.19% and a return on equity of 19.61%. The company had revenue of $54.77 billion during the quarter, compared to analyst estimates of $55.14 billion. During the same quarter in the prior year, the business earned $2.97 EPS. On average, equities analysts forecast that TotalEnergies SE will post 9.38 earnings per share for the current fiscal year.

Insider Buying and Selling at TotalEnergies

In related news, Director Se Totalenergies bought 196,964 shares of the business’s stock in a transaction on Thursday, March 28th. The shares were purchased 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 of the company’s stock, valued at approximately $6,749,072.10. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website.

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.