Independent Solutions Wealth Management LLC bought a new position in TotalEnergies SE (NYSE:TTE - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The firm bought 10,200 shares of the company's stock, valued at approximately $556,000.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Raymond James Financial Inc. purchased a new stake in TotalEnergies in the fourth quarter worth $156,044,000. Franklin Resources Inc. boosted its holdings in shares of TotalEnergies by 62.7% during the 3rd quarter. Franklin Resources Inc. now owns 4,012,961 shares of the company's stock valued at $273,323,000 after buying an additional 1,546,866 shares in the last quarter. Barclays PLC grew its position in shares of TotalEnergies by 266.5% in the 3rd quarter. Barclays PLC now owns 674,154 shares of the company's stock worth $43,564,000 after buying an additional 490,187 shares during the period. FMR LLC increased its stake in shares of TotalEnergies by 2.7% in the 3rd quarter. FMR LLC now owns 12,445,228 shares of the company's stock worth $804,211,000 after acquiring an additional 324,033 shares in the last quarter. Finally, DRW Securities LLC lifted its position in TotalEnergies by 134.5% during the 3rd quarter. DRW Securities LLC now owns 64,209 shares of the company's stock valued at $4,149,000 after acquiring an additional 250,427 shares during the period. 16.53% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
TTE has been the subject of a number of analyst reports. Morgan Stanley reaffirmed an "equal weight" rating and set a $64.10 target price (down previously from $70.40) on shares of TotalEnergies in a research note on Tuesday, January 7th. Piper Sandler reduced their price objective on TotalEnergies from $77.00 to $62.00 and set a "neutral" rating for the company in a research report on Thursday, December 19th. Redburn Atlantic upgraded TotalEnergies from a "hold" rating to a "strong-buy" rating in a research note on Thursday, January 23rd. BNP Paribas cut TotalEnergies from an "outperform" rating to a "neutral" rating in a research note on Wednesday, November 27th. Finally, Royal Bank of Canada raised TotalEnergies from a "sector perform" rating to an "outperform" rating in a research report on Thursday, December 5th. Six analysts have rated the stock with a hold rating, two have assigned a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $72.42.
View Our Latest Stock Report on TTE
TotalEnergies Stock Performance
Shares of TotalEnergies stock traded up $0.62 during trading on Tuesday, hitting $63.57. 2,034,334 shares of the company's stock traded hands, compared to its average volume of 1,511,677. TotalEnergies SE has a 1 year low of $53.29 and a 1 year high of $74.97. The business has a 50-day simple moving average of $60.48 and a 200-day simple moving average of $61.12. The stock has a market capitalization of $152.42 billion, a P/E ratio of 9.55, a PEG ratio of 0.98 and a beta of 0.56. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.10 and a quick ratio of 0.88.
TotalEnergies (NYSE:TTE - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $1.90 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.74 by $0.16. TotalEnergies had a net margin of 7.34% and a return on equity of 15.22%. As a group, analysts forecast that TotalEnergies SE will post 8.02 EPS for the current year.
TotalEnergies Profile
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Free Report)
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.
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