Altrius Capital Management Inc Buys 11,160 Shares of TotalEnergies SE (NYSE:TTE)

Altrius Capital Management Inc raised its stake in TotalEnergies SE (NYSE:TTE - Free Report) by 9.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 132,553 shares of the company's stock after purchasing an additional 11,160 shares during the period. TotalEnergies makes up approximately 1.9% of Altrius Capital Management Inc's holdings, making the stock its 16th biggest position. Altrius Capital Management Inc's holdings in TotalEnergies were worth $7,224,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Private Capital Management LLC raised its position in TotalEnergies by 68.2% in the 3rd quarter. Private Capital Management LLC now owns 17,264 shares of the company's stock worth $1,116,000 after purchasing an additional 7,000 shares during the last quarter. Argyle Capital Management LLC increased its holdings in TotalEnergies by 5.4% during the fourth quarter. Argyle Capital Management LLC now owns 7,166 shares of the company's stock worth $391,000 after buying an additional 366 shares during the last quarter. Oppenheimer & Co. Inc. boosted its stake in shares of TotalEnergies by 7.0% during the 4th quarter. Oppenheimer & Co. Inc. now owns 4,958 shares of the company's stock worth $270,000 after acquiring an additional 326 shares during the period. Equity Investment Corp grew its position in shares of TotalEnergies by 10.5% in the fourth quarter. Equity Investment Corp now owns 2,058,589 shares of the company's stock valued at $112,193,000 after purchasing an additional 196,277 shares during the last quarter. Finally, Whipplewood Advisors LLC acquired a new position in shares of TotalEnergies during the 4th quarter worth approximately $78,000. 16.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Piper Sandler dropped 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. Morgan Stanley reaffirmed an "equal weight" rating and issued a $64.10 target price (down from $70.40) on shares of TotalEnergies in a research report on Tuesday, January 7th. Royal Bank of Canada upgraded TotalEnergies from a "sector perform" rating to an "outperform" rating in a report on Thursday, December 5th. Redburn Atlantic upgraded shares of TotalEnergies from a "hold" rating to a "strong-buy" rating in a research note on Thursday, January 23rd. Finally, BNP Paribas cut TotalEnergies from an "outperform" rating to a "neutral" rating in a research report on Wednesday, November 27th. Six investment analysts have rated the stock with a hold rating, two have assigned a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $72.42.

TotalEnergies Trading Up 0.2 %

NYSE:TTE traded up $0.12 during midday trading on Friday, hitting $60.17. The stock had a trading volume of 907,410 shares, compared to its average volume of 1,643,126. TotalEnergies SE has a one year low of $53.29 and a one year high of $74.97. The stock has a 50-day moving average of $58.37 and a 200 day moving average of $61.91. The company has a market capitalization of $144.27 billion, a price-to-earnings ratio of 9.03, a PEG ratio of 0.98 and a beta of 0.61. 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 (NYSE:TTE - Get Free Report) last issued its earnings results on Wednesday, February 5th. The company reported $1.90 EPS for the quarter, beating analysts' consensus estimates of $1.74 by $0.16. TotalEnergies had a return on equity of 15.22% and a net margin of 7.34%. As a group, sell-side analysts forecast that TotalEnergies SE will post 8.02 EPS for the current year.

TotalEnergies 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.