Thornburg Investment Management Inc. Sells 7,315 Shares of TotalEnergies SE (NYSE:TTE)

Thornburg Investment Management Inc. lessened its position in shares of TotalEnergies SE (NYSE:TTE) by 3.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 209,600 shares of the company’s stock after selling 7,315 shares during the quarter. Thornburg Investment Management Inc.’s holdings in TotalEnergies were worth $11,423,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Apollon Wealth Management LLC lifted its holdings in shares of TotalEnergies by 4.1% during the 4th quarter. Apollon Wealth Management LLC now owns 4,448 shares of the company’s stock valued at $242,000 after purchasing an additional 174 shares during the last quarter. First Horizon Advisors Inc. increased its position in TotalEnergies by 9.1% during the 4th quarter. First Horizon Advisors Inc. now owns 2,217 shares of the company’s stock valued at $121,000 after buying an additional 184 shares in the last quarter. FSM Wealth Advisors LLC raised its stake in TotalEnergies by 3.4% in the fourth quarter. FSM Wealth Advisors LLC now owns 5,635 shares of the company’s stock valued at $333,000 after buying an additional 187 shares during the last quarter. Snowden Capital Advisors LLC boosted its holdings in TotalEnergies by 0.8% in the fourth quarter. Snowden Capital Advisors LLC now owns 25,441 shares of the company’s stock worth $1,407,000 after acquiring an additional 205 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB boosted its holdings in TotalEnergies by 4.4% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 4,889 shares of the company’s stock worth $266,000 after acquiring an additional 207 shares in the last quarter. Hedge funds and other institutional investors own 16.53% of the company’s stock.

TotalEnergies Price Performance

NYSE:TTE opened at $59.66 on Friday. The firm’s fifty day moving average is $59.70 and its two-hundred day moving average is $59.00. The firm has a market cap of $143.06 billion, a price-to-earnings ratio of 8.96, a PEG ratio of 0.98 and a beta of 0.58. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.88 and a current ratio of 1.10. TotalEnergies SE has a one year low of $52.78 and a one year high of $73.12.

TotalEnergies (NYSE:TTE) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $1.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.88 by ($0.05). The company had revenue of $47.90 billion during the quarter, compared to analyst estimates of $41.23 billion. TotalEnergies had a net margin of 7.34% and a return on equity of 15.22%. During the same period last year, the firm earned $2.14 EPS. Research analysts expect that TotalEnergies SE will post 8.02 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on TTE shares. Morgan Stanley raised shares of TotalEnergies from an “equal weight” rating to an “overweight” rating and set a $60.80 price objective for the company in a research report on Monday, May 12th. Citigroup raised shares of TotalEnergies from a “neutral” rating to a “buy” rating in a report on Wednesday, March 26th. Redburn Atlantic raised shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 23rd. Dbs Bank raised TotalEnergies from a “hold” rating to a “buy” rating in a research report on Wednesday, May 7th. Finally, Scotiabank lowered their price target on TotalEnergies from $65.00 to $60.00 and set a “sector perform” rating for the company in a research report on Friday, April 11th. Four investment analysts have rated the stock with a hold rating, seven have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $69.36.

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.