Envestnet Portfolio Solutions Inc. Has $6.34 Million Holdings in TotalEnergies SE (NYSE:TTE)

Envestnet Portfolio Solutions Inc. lessened its stake in TotalEnergies SE (NYSE:TTE) by 17.8% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 92,106 shares of the company’s stock after selling 19,936 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in TotalEnergies were worth $6,340,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in TTE. Fisher Asset Management LLC lifted its position in shares of TotalEnergies by 2.0% in the fourth quarter. Fisher Asset Management LLC now owns 21,184,792 shares of the company’s stock worth $1,427,431,000 after purchasing an additional 419,487 shares in the last quarter. Wells Fargo & Company MN lifted its position in shares of TotalEnergies by 1.0% in the fourth quarter. Wells Fargo & Company MN now owns 6,920,067 shares of the company’s stock worth $466,274,000 after purchasing an additional 70,394 shares in the last quarter. Capital International Investors lifted its position in shares of TotalEnergies by 1.8% in the fourth quarter. Capital International Investors now owns 4,758,038 shares of the company’s stock worth $318,408,000 after purchasing an additional 85,969 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of TotalEnergies by 3.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,592,234 shares of the company’s stock worth $174,665,000 after purchasing an additional 86,642 shares in the last quarter. Finally, Clearbridge Investments LLC lifted its position in shares of TotalEnergies by 5.1% in the fourth quarter. Clearbridge Investments LLC now owns 2,008,188 shares of the company’s stock worth $135,312,000 after purchasing an additional 97,373 shares in the last quarter. Institutional investors and hedge funds own 13.22% of the company’s stock.

Analyst Upgrades and Downgrades

TTE has been the topic of a number of research reports. Scotiabank cut their price objective on shares of TotalEnergies from $86.00 to $80.00 and set a “sector perform” rating on the stock in a research report on Friday. Piper Sandler upped 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. Six investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $69.25.

TotalEnergies Stock Performance

NYSE TTE traded up $0.92 on Friday, hitting $69.33. 853,537 shares of the stock were exchanged, compared to its average volume of 1,523,347. 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 business’s fifty day moving average is $70.01 and its 200 day moving average is $68.40. TotalEnergies SE has a 52 week low of $57.01 and a 52 week high of $74.97. The company has a market capitalization of $163.72 billion, a PE ratio of 7.83, a P/E/G ratio of 1.70 and a beta of 0.64.

TotalEnergies (NYSE:TTE) last released its quarterly earnings data on Friday, April 26th. The company reported $2.14 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $59.64 billion. Research analysts anticipate that TotalEnergies SE will post 9.16 EPS for the current fiscal year.

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.