Assetmark Inc. Buys 18,975 Shares of TotalEnergies SE (NYSE:TTE)

Assetmark Inc. lifted its position in shares of TotalEnergies SE (NYSE:TTE - Free Report) by 12.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 170,801 shares of the company's stock after purchasing an additional 18,975 shares during the period. Assetmark Inc.'s holdings in TotalEnergies were worth $9,309,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of TTE. Van ECK Associates Corp grew its stake in TotalEnergies by 10.3% in the 3rd quarter. Van ECK Associates Corp now owns 33,828 shares of the company's stock valued at $2,185,000 after buying an additional 3,159 shares during the last quarter. CWA Asset Management Group LLC acquired a new position in TotalEnergies in the 3rd quarter valued at about $823,000. Townsend & Associates Inc grew its stake in TotalEnergies by 16.6% in the 3rd quarter. Townsend & Associates Inc now owns 265,996 shares of the company's stock valued at $17,183,000 after buying an additional 37,778 shares during the last quarter. Mesirow Financial Investment Management Inc. acquired a new position in TotalEnergies in the 3rd quarter valued at about $214,000. Finally, Legacy Capital Wealth Partners LLC acquired a new position in TotalEnergies in the 3rd quarter valued at about $546,000. Institutional investors and hedge funds own 16.53% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on TTE shares. Royal Bank of Canada raised shares of TotalEnergies from a "sector perform" rating to an "outperform" rating in a report on Thursday, December 5th. BNP Paribas downgraded shares of TotalEnergies from an "outperform" rating to a "neutral" rating in a report on Wednesday, November 27th. Redburn Atlantic raised shares of TotalEnergies from a "hold" rating to a "strong-buy" rating in a report on Thursday, January 23rd. Piper Sandler cut their price objective on shares of TotalEnergies from $77.00 to $62.00 and set a "neutral" rating for the company in a report on Thursday, December 19th. Finally, Morgan Stanley reissued an "equal weight" rating and issued a $64.10 price objective (down previously from $70.40) on shares of TotalEnergies in a report on Tuesday, January 7th. Six investment analysts have rated the stock with a hold rating, two have assigned a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $72.42.

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TotalEnergies Stock Up 0.9 %

NYSE TTE traded up $0.58 on Friday, hitting $61.36. 2,835,004 shares of the company were exchanged, compared to its average volume of 1,514,955. The company has a market cap of $147.11 billion, a PE ratio of 9.21, a PEG ratio of 0.98 and a beta of 0.56. TotalEnergies SE has a 12 month low of $53.29 and a 12 month high of $74.97. The stock has a fifty day moving average of $58.99 and a 200-day moving average of $61.64. The company has a current ratio of 1.10, a quick ratio of 0.88 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 earnings per share (EPS) for the quarter, topping the consensus estimate 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 earnings per share 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.