Channing Global Advisors LLC Has $310,000 Stake in TotalEnergies SE (NYSE:TTE)

Channing Global Advisors LLC decreased its holdings in TotalEnergies SE (NYSE:TTE) by 27.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 4,608 shares of the company’s stock after selling 1,780 shares during the period. Channing Global Advisors LLC’s holdings in TotalEnergies were worth $310,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Atria Wealth Solutions Inc. increased its stake in shares of TotalEnergies by 14.9% in the 4th quarter. Atria Wealth Solutions Inc. now owns 26,486 shares of the company’s stock valued at $1,787,000 after purchasing an additional 3,427 shares during the last quarter. Yousif Capital Management LLC lifted its holdings in TotalEnergies by 3.6% during the 4th quarter. Yousif Capital Management LLC now owns 42,739 shares of the company’s stock worth $2,880,000 after buying an additional 1,470 shares during the period. NewSquare Capital LLC acquired a new position in TotalEnergies during the 4th quarter worth about $35,000. Weatherly Asset Management L. P. lifted its holdings in TotalEnergies by 13.0% during the 4th quarter. Weatherly Asset Management L. P. now owns 65,106 shares of the company’s stock worth $4,438,000 after buying an additional 7,498 shares during the period. Finally, GAMMA Investing LLC acquired a new position in TotalEnergies during the 4th quarter worth about $193,000. Institutional investors own 13.22% of the company’s stock.

Insiders Place Their Bets

In related news, Director Se Totalenergies acquired 196,964 shares of the firm’s stock in a transaction on Thursday, March 28th. The stock was purchased at an average cost of $22.86 per share, with a total value of $4,502,597.04. Following the acquisition, the director now owns 295,235 shares of the company’s stock, valued at approximately $6,749,072.10. The purchase was disclosed in a document filed with the SEC, which is accessible through this link.

Wall Street Analyst Weigh In

TTE has been the topic of a number of recent analyst reports. Piper Sandler boosted their price objective on TotalEnergies from $75.00 to $79.00 and gave the company a “neutral” rating in a research note on Thursday, April 18th. Scotiabank boosted their price objective on TotalEnergies from $74.00 to $86.00 and gave the company a “sector perform” rating in a research note on Thursday, April 11th. Six research analysts have rated the stock with a hold rating, According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $70.75.

TotalEnergies Stock Up 1.0 %

TotalEnergies stock traded up $0.74 during midday trading on Friday, reaching $74.49. The stock had a trading volume of 1,188,186 shares, compared to its average volume of 1,683,161. TotalEnergies SE has a 12 month low of $54.94 and a 12 month high of $74.97. The company has a market capitalization of $175.18 billion, a P/E ratio of 8.51, a PEG ratio of 1.63 and a beta of 0.72. The company has a fifty day moving average price of $68.54 and a two-hundred day moving average price of $67.09. The company has a current ratio of 1.12, a quick ratio of 0.90 and a debt-to-equity ratio of 0.34.

TotalEnergies (NYSE:TTE) last issued its earnings results on Wednesday, February 7th. The company reported $2.16 EPS for the quarter, missing analysts’ consensus estimates of $2.43 by ($0.27). TotalEnergies had a net margin of 9.19% and a return on equity of 19.61%. The firm had revenue of $54.77 billion during the quarter, compared to the consensus estimate of $55.14 billion. During the same period in the previous year, the firm earned $2.97 earnings per share. As a group, equities analysts expect that TotalEnergies SE will post 9.32 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.