Brandes Investment Partners LP Purchases 41,764 Shares of TotalEnergies SE (NYSE:TTE)

Brandes Investment Partners LP lifted its holdings in shares of TotalEnergies SE (NYSE:TTE - Free Report) by 8.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 544,505 shares of the company's stock after buying an additional 41,764 shares during the period. Brandes Investment Partners LP's holdings in TotalEnergies were worth $29,676,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. FMR LLC boosted its position in shares of TotalEnergies by 2.7% during the third quarter. FMR LLC now owns 12,445,228 shares of the company's stock valued at $804,211,000 after buying an additional 324,033 shares during the last quarter. Franklin Resources Inc. boosted its position in TotalEnergies by 62.7% in the third quarter. Franklin Resources Inc. now owns 4,012,961 shares of the company's stock worth $273,323,000 after purchasing an additional 1,546,866 shares during the last quarter. Raymond James Financial Inc. purchased a new position in TotalEnergies in the fourth quarter worth about $156,044,000. Natixis Advisors LLC boosted its position in TotalEnergies by 4.9% in the third quarter. Natixis Advisors LLC now owns 2,266,950 shares of the company's stock worth $146,490,000 after purchasing an additional 106,347 shares during the last quarter. Finally, Equity Investment Corp boosted its position in TotalEnergies by 10.5% in the fourth quarter. Equity Investment Corp now owns 2,058,589 shares of the company's stock worth $112,193,000 after purchasing an additional 196,277 shares during the last quarter. 16.53% of the stock is owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

Several research analysts have issued reports on the company. BNP Paribas cut TotalEnergies from an "outperform" rating to a "neutral" rating in a research report on Wednesday, November 27th. Morgan Stanley reissued 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. Piper Sandler dropped their target price 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 raised TotalEnergies from a "sector perform" rating to an "outperform" rating in a research note on Thursday, December 5th. Finally, Redburn Atlantic raised TotalEnergies from a "hold" rating to a "strong-buy" rating in a research note on Thursday, January 23rd. Six analysts have rated the stock with a hold rating, two have given a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $72.42.

TotalEnergies Price Performance

TTE traded up $0.81 on Wednesday, hitting $64.14. 1,521,326 shares of the company's stock traded hands, compared to its average volume of 1,518,902. The company's 50 day simple moving average is $59.94 and its 200-day simple moving average is $61.22. The firm has a market cap of $153.79 billion, a price-to-earnings ratio of 9.63, a P/E/G ratio of 0.98 and a beta of 0.56. TotalEnergies SE has a one year low of $53.29 and a one year high of $74.97. 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, beating the consensus estimate 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, research analysts anticipate that TotalEnergies SE will post 8.02 EPS for the current year.

About TotalEnergies

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.