AssuredPartners Investment Advisors LLC Buys Shares of 17,953 TotalEnergies SE (NYSE:TTE)

AssuredPartners Investment Advisors LLC purchased a new position in shares of TotalEnergies SE (NYSE:TTE - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 17,953 shares of the company's stock, valued at approximately $978,000.

A number of other hedge funds have also bought and sold shares of the company. Thrivent Financial for Lutherans bought a new position in TotalEnergies during the 3rd quarter worth approximately $212,000. Charles Schwab Investment Management Inc. lifted its stake in TotalEnergies by 26.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 136,638 shares of the company's stock valued at $8,830,000 after buying an additional 28,857 shares during the last quarter. Larson Financial Group LLC boosted its stake in TotalEnergies by 279.7% during the 3rd quarter. Larson Financial Group LLC now owns 1,606 shares of the company's stock valued at $104,000 after purchasing an additional 1,183 shares during the period. Independent Advisor Alliance raised its holdings in shares of TotalEnergies by 29.5% during the third quarter. Independent Advisor Alliance now owns 12,024 shares of the company's stock valued at $777,000 after buying an additional 2,737 shares during the last quarter. Finally, Brown Brothers Harriman & Co. boosted its position in TotalEnergies by 26.5% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 2,332 shares of the company's stock worth $151,000 after acquiring an additional 488 shares during the period. 16.53% of the stock is currently owned by institutional investors and hedge funds.

TotalEnergies Stock Down 0.6 %

TotalEnergies stock traded down $0.37 during trading hours on Tuesday, hitting $64.32. The company had a trading volume of 1,139,460 shares, compared to its average volume of 1,533,536. TotalEnergies SE has a fifty-two week low of $53.29 and a fifty-two week high of $74.97. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.10 and a quick ratio of 0.88. The firm has a market capitalization of $154.22 billion, a P/E ratio of 9.65, a price-to-earnings-growth ratio of 0.98 and a beta of 0.56. The firm's fifty day moving average is $61.07 and its 200-day moving average is $61.04.

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TotalEnergies (NYSE:TTE - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $1.90 earnings per share for the quarter, topping 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%. On average, research analysts forecast that TotalEnergies SE will post 8.02 earnings per share for the current year.

Wall Street Analysts Forecast Growth

TTE has been the topic of a number of recent analyst reports. Morgan Stanley restated an "equal weight" rating and set a $64.10 price target (down from $70.40) on shares of TotalEnergies in a research report on Tuesday, January 7th. Redburn Atlantic upgraded TotalEnergies from a "hold" rating to a "strong-buy" rating in a research report on Thursday, January 23rd. Piper Sandler lowered their price target on TotalEnergies from $77.00 to $62.00 and set a "neutral" rating on the stock in a research report on Thursday, December 19th. Royal Bank of Canada upgraded TotalEnergies from a "sector perform" rating to an "outperform" rating in a report on Thursday, December 5th. Finally, Citigroup raised TotalEnergies from a "neutral" rating to a "buy" rating in a report on Wednesday, March 26th. Six research analysts have rated the stock with a hold rating, three have issued a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat.com, TotalEnergies currently has a consensus rating of "Moderate Buy" and an average target price of $72.42.

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.