QRG Capital Management Inc. Sells 15,438 Shares of TotalEnergies SE (NYSE:TTE)

QRG Capital Management Inc. trimmed its position in TotalEnergies SE (NYSE:TTE) by 9.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 145,413 shares of the company’s stock after selling 15,438 shares during the period. QRG Capital Management Inc.’s holdings in TotalEnergies were worth $7,925,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. FSA Wealth Management LLC purchased a new stake in shares of TotalEnergies during the 3rd quarter valued at $26,000. Continuum Advisory LLC raised its stake in TotalEnergies by 70.4% in the third quarter. Continuum Advisory LLC now owns 443 shares of the company’s stock valued at $27,000 after buying an additional 183 shares during the last quarter. Asset Planning Inc purchased a new position in shares of TotalEnergies in the 4th quarter valued at approximately $31,000. HHM Wealth Advisors LLC lifted its stake in shares of TotalEnergies by 156.3% during the fourth quarter. HHM Wealth Advisors LLC now owns 656 shares of the company’s stock worth $36,000 after buying an additional 400 shares during the period. Finally, Versant Capital Management Inc purchased a new stake in shares of TotalEnergies during the fourth quarter valued at $45,000. 16.53% of the stock is owned by hedge funds and other institutional investors.

TotalEnergies Stock Performance

NYSE:TTE opened at $60.05 on Friday. The company has a market cap of $141.80 billion, a P/E ratio of 9.02, a P/E/G ratio of 0.98 and a beta of 0.61. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.36. TotalEnergies SE has a twelve month low of $53.29 and a twelve month high of $74.97. The company’s 50-day moving average price is $58.25 and its 200-day moving average price is $62.00.

TotalEnergies (NYSE:TTE) last released its quarterly earnings results on Wednesday, February 5th. The company reported $1.90 EPS for the quarter, beating 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%. On average, sell-side analysts forecast that TotalEnergies SE will post 8.02 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

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.