Envestnet Portfolio Solutions Inc. grew its position in TotalEnergies SE (NYSE:TTE - Free Report) by 19.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 89,134 shares of the company's stock after acquiring an additional 14,295 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in TotalEnergies were worth $4,858,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. FSA Wealth Management LLC purchased a new position in TotalEnergies in the 3rd quarter valued at $26,000. Continuum Advisory LLC raised its position in shares of TotalEnergies by 70.4% in the third quarter. Continuum Advisory LLC now owns 443 shares of the company's stock valued at $27,000 after buying an additional 183 shares during the last quarter. Asset Planning Inc purchased a new position in shares of TotalEnergies in the fourth quarter worth about $31,000. HHM Wealth Advisors LLC lifted its stake in shares of TotalEnergies by 156.3% in the fourth quarter. HHM Wealth Advisors LLC now owns 656 shares of the company's stock worth $36,000 after buying an additional 400 shares in the last quarter. Finally, Versant Capital Management Inc acquired a new position in TotalEnergies during the fourth quarter worth about $45,000. 16.53% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
TTE has been the subject of a number of recent research reports. Morgan Stanley reiterated 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. 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. Redburn Atlantic upgraded TotalEnergies from a "hold" rating to a "strong-buy" rating in a research report on Thursday, January 23rd. BNP Paribas cut TotalEnergies from an "outperform" rating to a "neutral" rating in a report on Wednesday, November 27th. Finally, Royal Bank of Canada raised TotalEnergies from a "sector perform" rating to an "outperform" rating in a research note on Thursday, December 5th. Six equities research analysts have rated the stock with a hold rating, two have given a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, TotalEnergies currently has an average rating of "Moderate Buy" and a consensus target price of $72.42.
Get Our Latest Stock Analysis on TotalEnergies
TotalEnergies Trading Down 1.0 %
TTE stock traded down $0.67 during midday trading on Friday, hitting $63.39. 1,649,755 shares of the company's stock were exchanged, compared to its average volume of 1,507,956. 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 has a market capitalization of $151.99 billion, a PE ratio of 9.52, a P/E/G ratio of 0.98 and a beta of 0.56. The business has a 50-day simple moving average of $60.36 and a two-hundred day simple moving average of $61.22.
TotalEnergies (NYSE:TTE - Get Free Report) last released 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 return on equity of 15.22% and a net margin of 7.34%. On average, sell-side analysts predict that TotalEnergies SE will post 8.02 EPS for the current fiscal year.
About TotalEnergies
(
Free Report)
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.
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