TotalEnergies SE (NYSE:TTE) Shares Sold by National Bank of Canada FI

National Bank of Canada FI cut its stake in shares of TotalEnergies SE (NYSE:TTE) by 0.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 219,580 shares of the company’s stock after selling 1,738 shares during the period. National Bank of Canada FI’s holdings in TotalEnergies were worth $14,829,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vestmark Advisory Solutions Inc. boosted its holdings in shares of TotalEnergies by 1.9% in the fourth quarter. Vestmark Advisory Solutions Inc. now owns 33,010 shares of the company’s stock valued at $2,224,000 after acquiring an additional 618 shares in the last quarter. Legacy Financial Advisors Inc. boosted its holdings in TotalEnergies by 12.0% in the 4th quarter. Legacy Financial Advisors Inc. now owns 13,001 shares of the company’s stock valued at $876,000 after purchasing an additional 1,394 shares in the last quarter. Sapient Capital LLC acquired a new position in TotalEnergies during the 4th quarter worth approximately $328,000. U.S. Capital Wealth Advisors LLC purchased a new position in shares of TotalEnergies during the 4th quarter worth approximately $282,000. Finally, LSV Asset Management lifted its holdings in shares of TotalEnergies by 583.3% in the 4th quarter. LSV Asset Management now owns 32,800 shares of the company’s stock valued at $2,210,000 after buying an additional 28,000 shares during the period. 13.22% of the stock is currently owned by hedge funds and other institutional investors.

TotalEnergies Stock Performance

NYSE TTE opened at $71.94 on Wednesday. The business has a 50 day moving average price of $69.87 and a 200 day moving average price of $67.46. The company has a market capitalization of $169.18 billion, a P/E ratio of 8.12, a PEG ratio of 1.78 and a beta of 0.70. 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.

TotalEnergies (NYSE:TTE) last announced its quarterly 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). The firm had revenue of $54.77 billion during the quarter, compared to analysts’ expectations of $55.14 billion. TotalEnergies had a net margin of 9.52% and a return on equity of 18.30%. During the same quarter in the prior year, the business earned $2.97 EPS. Sell-side analysts expect that TotalEnergies SE will post 9.18 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on TTE shares. Scotiabank upped their price objective on TotalEnergies from $74.00 to $86.00 and gave the stock a “sector perform” rating in a report on Thursday, April 11th. Piper Sandler increased their price target on shares of TotalEnergies from $75.00 to $79.00 and gave the company a “neutral” rating in a report on Thursday, April 18th. Six investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, TotalEnergies has an average rating of “Hold” and a consensus target price of $70.75.

Insider Activity at TotalEnergies

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

TotalEnergies Company 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.