National Bank of Canada FI Sells 4,462 Shares of TotalEnergies SE (NYSE:TTE)

National Bank of Canada FI lessened its stake in shares of TotalEnergies SE (NYSE:TTE) by 1.6% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 271,521 shares of the company’s stock after selling 4,462 shares during the period. National Bank of Canada FI’s holdings in TotalEnergies were worth $18,609,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. BNP Paribas Financial Markets grew its holdings in TotalEnergies by 159,211.0% during the first quarter. BNP Paribas Financial Markets now owns 434,919 shares of the company’s stock valued at $29,935,000 after purchasing an additional 434,646 shares during the period. Cloverfields Capital Group LP lifted its position in shares of TotalEnergies by 30.1% in the fourth quarter. Cloverfields Capital Group LP now owns 52,163 shares of the company’s stock valued at $3,515,000 after acquiring an additional 12,072 shares in the last quarter. Capital Wealth Planning LLC lifted its position in shares of TotalEnergies by 94.8% in the fourth quarter. Capital Wealth Planning LLC now owns 38,420 shares of the company’s stock valued at $2,589,000 after acquiring an additional 18,699 shares in the last quarter. Gabelli Funds LLC lifted its position in shares of TotalEnergies by 5.5% in the first quarter. Gabelli Funds LLC now owns 309,200 shares of the company’s stock valued at $21,282,000 after acquiring an additional 16,200 shares in the last quarter. Finally, Tweedy Browne Co LLC purchased a new position in shares of TotalEnergies in the first quarter valued at about $10,852,000. Institutional investors own 13.22% of the company’s stock.

TotalEnergies Price Performance

NYSE:TTE opened at $66.30 on Friday. The company has a current ratio of 1.11, a quick ratio of 0.87 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $156.56 billion, a P/E ratio of 7.48, a P/E/G ratio of 1.73 and a beta of 0.64. TotalEnergies SE has a 12 month low of $62.28 and a 12 month high of $74.97. The business’s 50-day moving average is $68.19 and its 200 day moving average is $69.14.

TotalEnergies (NYSE:TTE) last posted its earnings results on Thursday, July 25th. The company reported $1.98 EPS for the quarter, missing analysts’ consensus estimates of $2.11 by ($0.13). The firm had revenue of $53.74 billion during the quarter, compared to analysts’ expectations of $60.45 billion. TotalEnergies had a return on equity of 17.92% and a net margin of 9.49%. During the same quarter in the prior year, the firm posted $1.99 earnings per share. On average, equities research analysts forecast that TotalEnergies SE will post 8.76 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently commented on TTE shares. Scotiabank lowered their price objective on TotalEnergies from $86.00 to $80.00 and set a “sector perform” rating on the stock in a research report on Friday, July 12th. Wolfe Research started coverage on TotalEnergies in a research report on Thursday, July 18th. They issued an “outperform” rating and a $87.00 price objective on the stock.

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.