Virtu Financial LLC Sells 23,439 Shares of TotalEnergies SE (NYSE:TTE)

Virtu Financial LLC reduced its stake in shares of TotalEnergies SE (NYSE:TTE) by 69.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 10,553 shares of the company’s stock after selling 23,439 shares during the quarter. Virtu Financial LLC’s holdings in TotalEnergies were worth $575,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Raymond James Financial Inc. acquired a new stake in shares of TotalEnergies during the 4th quarter worth about $156,044,000. Franklin Resources Inc. grew its stake in TotalEnergies by 62.7% during the third quarter. Franklin Resources Inc. now owns 4,012,961 shares of the company’s stock worth $273,323,000 after buying an additional 1,546,866 shares during the last quarter. Barclays PLC increased its holdings in shares of TotalEnergies by 266.5% during the third quarter. Barclays PLC now owns 674,154 shares of the company’s stock worth $43,564,000 after buying an additional 490,187 shares in the last quarter. FMR LLC raised its stake in shares of TotalEnergies by 2.7% in the third quarter. FMR LLC now owns 12,445,228 shares of the company’s stock valued at $804,211,000 after acquiring an additional 324,033 shares during the last quarter. Finally, Equity Investment Corp boosted its holdings in shares of TotalEnergies by 10.5% in the 4th quarter. Equity Investment Corp now owns 2,058,589 shares of the company’s stock worth $112,193,000 after acquiring an additional 196,277 shares in the last quarter. 16.53% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on TTE. Royal Bank of Canada raised TotalEnergies from a “sector perform” rating to an “outperform” rating in a report on Thursday, December 5th. BNP Paribas lowered TotalEnergies from an “outperform” rating to a “neutral” rating in a research note on Wednesday, November 27th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $64.10 price target (down from $70.40) on shares of TotalEnergies in a report on Tuesday, January 7th. Piper Sandler decreased their price objective on shares of TotalEnergies from $77.00 to $62.00 and set a “neutral” rating on the stock in a report on Thursday, December 19th. Finally, Redburn Atlantic raised shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 23rd. Six investment analysts have rated the stock with a hold rating, two have given a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $72.42.

TotalEnergies Price Performance

Shares of TTE stock opened at $63.57 on Wednesday. The firm has a market cap of $152.42 billion, a price-to-earnings ratio of 9.55, a PEG ratio of 0.98 and a beta of 0.56. TotalEnergies SE has a 12 month low of $53.29 and a 12 month high of $74.97. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.36. The stock has a 50-day moving average price of $60.60 and a 200 day moving average price of $61.10.

TotalEnergies (NYSE:TTE) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $1.90 EPS for the quarter, topping the consensus estimate of $1.74 by $0.16. TotalEnergies had a net margin of 7.34% and a return on equity of 15.22%. Research analysts expect that TotalEnergies SE will post 8.02 EPS for the current year.

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.