Callan Family Office LLC Buys New Shares in TotalEnergies SE (NYSE:TTE)

Callan Family Office LLC bought a new stake in shares of TotalEnergies SE (NYSE:TTE - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 36,233 shares of the company's stock, valued at approximately $1,975,000.

A number of other hedge funds have also made changes to their positions in TTE. Raymond James Financial Inc. acquired a new position in shares of TotalEnergies during the fourth quarter valued at approximately $156,044,000. Franklin Resources Inc. raised its holdings in shares of TotalEnergies by 62.7% during the third quarter. Franklin Resources Inc. now owns 4,012,961 shares of the company's stock valued at $273,323,000 after acquiring an additional 1,546,866 shares during the last quarter. Barclays PLC raised its holdings in shares of TotalEnergies by 266.5% during the third quarter. Barclays PLC now owns 674,154 shares of the company's stock valued at $43,564,000 after acquiring an additional 490,187 shares during the last quarter. FMR LLC raised its holdings 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 acquiring an additional 324,033 shares during the last quarter. Finally, DRW Securities LLC raised its holdings in shares of TotalEnergies by 134.5% during the third 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 last quarter. Institutional investors and hedge funds own 16.53% of the company's stock.

Wall Street Analyst Weigh In

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

Remove Ads

TotalEnergies Trading Up 0.9 %

TotalEnergies stock traded up $0.58 during mid-day trading on Friday, hitting $61.36. The company's stock had a trading volume of 2,835,004 shares, compared to its average volume of 1,514,955. The firm has a market capitalization of $147.11 billion, a PE ratio of 9.21, a price-to-earnings-growth ratio of 0.98 and a beta of 0.56. TotalEnergies SE has a 1 year low of $53.29 and a 1 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. The stock's fifty day moving average is $58.99 and its two-hundred day moving average is $61.64.

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

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.