Federated Hermes Inc. Has $157.31 Million Stock Holdings in TotalEnergies SE (NYSE:TTE)

Federated Hermes Inc. boosted its position in TotalEnergies SE (NYSE:TTE - Free Report) by 19.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,886,405 shares of the company's stock after buying an additional 471,291 shares during the quarter. Federated Hermes Inc. owned approximately 0.12% of TotalEnergies worth $157,309,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of TTE. Peapack Gladstone Financial Corp increased its stake in shares of TotalEnergies by 6.5% in the fourth quarter. Peapack Gladstone Financial Corp now owns 39,443 shares of the company's stock worth $2,148,000 after purchasing an additional 2,414 shares during the period. Envestnet Asset Management Inc. grew its holdings in TotalEnergies by 7.9% in the 4th quarter. Envestnet Asset Management Inc. now owns 2,648,481 shares of the company's stock valued at $144,342,000 after buying an additional 192,858 shares during the last quarter. Grantham Mayo Van Otterloo & Co. LLC bought a new position in TotalEnergies in the 4th quarter worth approximately $1,154,000. Oarsman Capital Inc. increased its position in TotalEnergies by 13.6% in the 4th quarter. Oarsman Capital Inc. now owns 4,388 shares of the company's stock worth $239,000 after buying an additional 525 shares during the period. Finally, World Investment Advisors lifted its holdings in shares of TotalEnergies by 90.1% during the fourth quarter. World Investment Advisors now owns 8,664 shares of the company's stock worth $474,000 after buying an additional 4,106 shares during the last quarter. Institutional investors own 16.53% of the company's stock.

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Analyst Upgrades and Downgrades

TTE has been the topic of several research analyst reports. Redburn Atlantic upgraded shares of TotalEnergies from a "hold" rating to a "strong-buy" rating in a research note on Thursday, January 23rd. Citigroup upgraded shares of TotalEnergies from a "neutral" rating to a "buy" rating in a report on Wednesday, March 26th. Morgan Stanley reiterated an "equal weight" rating and issued a $64.10 target price (down previously from $70.40) on shares of TotalEnergies in a research note on Tuesday, January 7th. Finally, Piper Sandler lowered their price target on TotalEnergies from $77.00 to $62.00 and set a "neutral" rating on the stock in a research note on Thursday, December 19th. Six research analysts have rated the stock with a hold rating, three have given a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $72.42.

TotalEnergies Price Performance

NYSE TTE traded up $1.05 on Friday, reaching $55.77. The company's stock had a trading volume of 1,207,215 shares, compared to its average volume of 1,573,286. TotalEnergies SE has a 52 week low of $52.78 and a 52 week 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 firm has a market cap of $133.72 billion, a PE ratio of 8.37, a price-to-earnings-growth ratio of 0.98 and a beta of 0.45. The business has a 50-day moving average price of $60.97 and a 200 day moving average price of $60.41.

TotalEnergies (NYSE:TTE - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The company reported $1.90 earnings per share 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%. Sell-side analysts expect 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.