Ameriprise Financial Inc. Sells 159,783 Shares of TotalEnergies SE (NYSE:TTE)

Ameriprise Financial Inc. reduced its stake in TotalEnergies SE (NYSE:TTE) by 4.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,393,135 shares of the company’s stock after selling 159,783 shares during the period. Ameriprise Financial Inc. owned approximately 0.14% of TotalEnergies worth $198,518,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. FMR LLC boosted its holdings in shares of TotalEnergies by 19.2% in the 1st quarter. FMR LLC now owns 12,305,668 shares of the company’s stock worth $726,650,000 after acquiring an additional 1,981,344 shares in the last quarter. Wellington Management Group LLP boosted its holdings in shares of TotalEnergies by 8.0% in the 1st quarter. Wellington Management Group LLP now owns 11,533,141 shares of the company’s stock worth $681,032,000 after acquiring an additional 852,973 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of TotalEnergies by 14.0% in the 4th quarter. Bank of America Corp DE now owns 8,137,527 shares of the company’s stock worth $505,178,000 after acquiring an additional 1,000,602 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of TotalEnergies by 254.3% in the 1st quarter. Envestnet Asset Management Inc. now owns 7,613,458 shares of the company’s stock worth $126,721,000 after acquiring an additional 5,464,865 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in shares of TotalEnergies by 5.3% in the 4th quarter. Wells Fargo & Company MN now owns 7,196,744 shares of the company’s stock worth $446,774,000 after acquiring an additional 364,483 shares in the last quarter. 6.53% of the stock is currently owned by institutional investors.

TotalEnergies Stock Performance

TTE stock opened at $65.30 on Friday. The business’s fifty day moving average is $61.46 and its 200-day moving average is $60.55. The company has a quick ratio of 0.96, a current ratio of 1.17 and a debt-to-equity ratio of 0.35. The company has a market cap of $160.28 billion, a P/E ratio of 8.51, a price-to-earnings-growth ratio of 0.76 and a beta of 0.79. TotalEnergies SE has a twelve month low of $44.61 and a twelve month high of $66.66.

TotalEnergies (NYSE:TTE) last posted its quarterly earnings results on Thursday, July 27th. The company reported $1.99 earnings per share for the quarter, missing analysts’ consensus estimates of $2.21 by ($0.22). The company had revenue of $56.27 billion during the quarter, compared to analyst estimates of $42.61 billion. TotalEnergies had a net margin of 7.76% and a return on equity of 24.61%. Equities research analysts forecast that TotalEnergies SE will post 9.37 EPS for the current year.

Wall Street Analysts Forecast Growth

TTE has been the topic of several recent analyst reports. TD Cowen reduced their target price on TotalEnergies from $59.00 to $58.00 and set a “market perform” rating on the stock in a report on Thursday, August 17th. Piper Sandler reduced their price objective on TotalEnergies from $68.00 to $64.00 in a report on Tuesday, June 13th. Citigroup started coverage on TotalEnergies in a report on Wednesday, August 30th. They set a “neutral” rating on the stock. Finally, Royal Bank of Canada reduced their price objective on TotalEnergies from $65.00 to $60.00 and set a “sector perform” rating on the stock in a report on Thursday, July 20th. Eight analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $62.67.

About TotalEnergies

TotalEnergies SE, a multi-energy company, produces and markets fuels, natural gas, and electricity in France, rest of Europe, North America, Africa, and internationally. It operates through Integrated Gas, Renewables & Power; Exploration & Production; Refining & Chemicals; and Marketing & Services segments.