MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Raises Stock Position in TotalEnergies SE (NYSE:TTE)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of TotalEnergies SE (NYSE:TTE) by 2.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 160,681 shares of the company’s stock after buying an additional 4,095 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in TotalEnergies were worth $8,757,000 at the end of the most recent quarter.

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

TotalEnergies Trading Up 0.8%

NYSE TTE opened at $59.66 on Friday. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.36. TotalEnergies SE has a 52 week low of $52.78 and a 52 week high of $73.31. The stock has a market capitalization of $143.06 billion, a PE ratio of 8.96, a price-to-earnings-growth ratio of 0.98 and a beta of 0.58. The firm has a 50 day moving average of $59.70 and a two-hundred day moving average of $59.03.

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

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on TTE. Scotiabank dropped their price target on shares of TotalEnergies from $65.00 to $60.00 and set a “sector perform” rating for the company in a research report on Friday, April 11th. Redburn Atlantic upgraded shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 23rd. HSBC restated a “buy” rating on shares of TotalEnergies in a report on Tuesday. Dbs Bank upgraded shares of TotalEnergies from a “hold” rating to a “buy” rating in a report on Wednesday, May 7th. Finally, Morgan Stanley upgraded shares of TotalEnergies from an “equal weight” rating to an “overweight” rating and set a $60.80 price objective for the company in a report on Monday, May 12th. Four research analysts have rated the stock with a hold rating, seven have assigned a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $69.36.

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.