TotalEnergies SE (NYSE:TTE) Shares Bought by Focus Partners Wealth

Focus Partners Wealth increased its holdings in TotalEnergies SE (NYSE:TTE) by 80.5% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 29,035 shares of the company’s stock after buying an additional 12,947 shares during the period. Focus Partners Wealth’s holdings in TotalEnergies were worth $1,582,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of TTE. Bank of America Corp DE increased its holdings in TotalEnergies by 121.1% in the 4th quarter. Bank of America Corp DE now owns 7,648,225 shares of the company’s stock worth $416,828,000 after buying an additional 4,189,652 shares during the period. Raymond James Financial Inc. acquired a new position in TotalEnergies in the 4th quarter worth approximately $156,044,000. Franklin Resources Inc. increased its holdings in TotalEnergies by 41.7% in the 4th quarter. Franklin Resources Inc. now owns 5,685,348 shares of the company’s stock worth $309,851,000 after buying an additional 1,672,387 shares during the period. Northern Trust Corp increased its holdings in TotalEnergies by 41.7% in the 4th quarter. Northern Trust Corp now owns 1,783,017 shares of the company’s stock worth $97,174,000 after buying an additional 524,314 shares during the period. Finally, BNP Paribas Financial Markets increased its holdings in TotalEnergies by 295.3% in the 4th quarter. BNP Paribas Financial Markets now owns 689,494 shares of the company’s stock worth $37,577,000 after buying an additional 515,088 shares during the period. Institutional investors and hedge funds own 16.53% of the company’s stock.

Analyst Ratings Changes

TTE has been the topic of several research reports. BNP Paribas upgraded shares of TotalEnergies from a “neutral” rating to an “outperform” rating in a report on Tuesday, April 15th. Citigroup raised shares of TotalEnergies from a “neutral” rating to a “buy” rating in a research note on Wednesday, March 26th. Scotiabank dropped their price objective on shares of TotalEnergies from $65.00 to $60.00 and set a “sector perform” rating on the stock in a research note on Friday, April 11th. Dbs Bank raised shares of TotalEnergies from a “hold” rating to a “buy” rating in a research note on Wednesday, May 7th. Finally, Morgan Stanley raised shares of TotalEnergies from an “equal weight” rating to an “overweight” rating and set a $60.80 price objective on the stock in a research note on Monday, May 12th. Four equities research analysts have rated the stock with a hold rating, seven 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 an average target price of $69.36.

TotalEnergies Price Performance

TotalEnergies stock opened at $59.66 on Friday. The company’s fifty day moving average price is $59.70 and its 200 day moving average price is $59.03. TotalEnergies SE has a 1 year low of $52.78 and a 1 year high of $73.31. The stock has a market capitalization of $143.06 billion, a P/E ratio of 8.96, a P/E/G 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 (NYSE:TTE) last released its quarterly earnings results on Wednesday, April 30th. The company reported $1.83 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.05). TotalEnergies had a net margin of 7.34% and a return on equity of 15.22%. The company had revenue of $47.90 billion during the quarter, compared to analyst estimates of $41.23 billion. During the same period in the prior year, the business posted $2.14 EPS. As a group, equities research analysts anticipate that TotalEnergies SE will post 8.02 earnings per share for the current fiscal year.

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.