Franklin Resources Inc. Buys 1,672,387 Shares of TotalEnergies SE (NYSE:TTE)

Franklin Resources Inc. grew its position in shares of TotalEnergies SE (NYSE:TTE - Free Report) by 41.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,685,348 shares of the company's stock after purchasing an additional 1,672,387 shares during the period. Franklin Resources Inc. owned approximately 0.24% of TotalEnergies worth $309,851,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in TTE. FSA Wealth Management LLC bought a new stake in TotalEnergies during the third quarter valued at approximately $26,000. Continuum Advisory LLC raised its position in shares of TotalEnergies by 70.4% during the 3rd quarter. Continuum Advisory LLC now owns 443 shares of the company's stock valued at $27,000 after buying an additional 183 shares in the last quarter. Asset Planning Inc purchased a new position in TotalEnergies in the fourth quarter worth $31,000. HHM Wealth Advisors LLC grew its position in 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 acquiring an additional 400 shares in the last quarter. Finally, Versant Capital Management Inc purchased a new position in shares of TotalEnergies in the 4th quarter worth about $45,000. Institutional investors own 16.53% of the company's stock.

TotalEnergies Trading Down 3.7 %

Shares of NYSE TTE traded down $2.36 during trading hours on Thursday, hitting $62.04. The company's stock had a trading volume of 2,367,895 shares, compared to its average volume of 1,534,012. TotalEnergies SE has a 12 month low of $53.29 and a 12 month high of $74.97. The stock has a market cap of $148.74 billion, a price-to-earnings ratio of 9.31, a P/E/G ratio of 0.98 and a beta of 0.56. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.88 and a current ratio of 1.10. The business has a 50-day simple moving average of $61.37 and a 200-day simple moving average of $61.05.

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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 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, analysts anticipate that TotalEnergies SE will post 8.02 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Redburn Atlantic raised TotalEnergies from a "hold" rating to a "strong-buy" rating in a report on Thursday, January 23rd. Royal Bank of Canada upgraded shares of TotalEnergies from a "sector perform" rating to an "outperform" rating in a research report on Thursday, December 5th. 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 lowered their target price on TotalEnergies from $77.00 to $62.00 and set a "neutral" rating for the company in a research note on Thursday, December 19th. Finally, Citigroup upgraded TotalEnergies from a "neutral" rating to a "buy" rating in a research report on Wednesday, March 26th. Six investment analysts have rated the stock with a hold rating, three have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $72.42.

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.