Matthews International Capital Management LLC Has $1.40 Million Stock Holdings in TotalEnergies SE (NYSE:TTE)

Matthews International Capital Management LLC decreased its position in shares of TotalEnergies SE (NYSE:TTE) by 36.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 20,386 shares of the company’s stock after selling 11,750 shares during the quarter. TotalEnergies makes up approximately 0.3% of Matthews International Capital Management LLC’s holdings, making the stock its 29th largest holding. Matthews International Capital Management LLC’s holdings in TotalEnergies were worth $1,403,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of TTE. International Assets Investment Management LLC lifted its holdings in TotalEnergies by 6,549.9% during the 4th quarter. International Assets Investment Management LLC now owns 503,396 shares of the company’s stock worth $33,919,000 after buying an additional 495,826 shares in the last quarter. Natixis Advisors L.P. lifted its holdings in TotalEnergies by 29.4% during the 4th quarter. Natixis Advisors L.P. now owns 1,988,119 shares of the company’s stock worth $133,959,000 after buying an additional 451,597 shares in the last quarter. Fisher Asset Management LLC lifted its holdings in TotalEnergies by 2.0% during the 4th quarter. Fisher Asset Management LLC now owns 21,184,792 shares of the company’s stock worth $1,427,431,000 after buying an additional 419,487 shares in the last quarter. Global Assets Advisory LLC acquired a new position in shares of TotalEnergies in the 1st quarter valued at $22,081,000. Finally, Royal Bank of Canada lifted its stake in shares of 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 purchasing an additional 194,228 shares during the period. Institutional investors and hedge funds own 13.22% of the company’s stock.

Analysts Set New Price Targets

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

TotalEnergies Stock Performance

NYSE:TTE traded down $1.51 during mid-day trading on Wednesday, hitting $66.24. The stock had a trading volume of 1,222,227 shares, compared to its average volume of 1,563,138. TotalEnergies SE has a twelve month low of $54.94 and a twelve month high of $74.97. The stock has a market cap of $155.78 billion, a price-to-earnings ratio of 7.48, a PEG ratio of 1.69 and a beta of 0.67. The company’s 50 day simple moving average is $70.89 and its 200 day simple moving average is $68.31. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.87 and a current ratio of 1.09.

TotalEnergies (NYSE:TTE) last issued its earnings results on Friday, April 26th. The company reported $2.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.96 by $0.18. The business had revenue of $56.28 billion during the quarter, compared to the consensus estimate of $59.64 billion. TotalEnergies had a net margin of 9.52% and a return on equity of 18.30%. On average, equities research analysts forecast that TotalEnergies SE will post 9.16 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Se Totalenergies acquired 196,964 shares of the business’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 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

About TotalEnergies

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.