Grantham Mayo Van Otterloo & Co. LLC Makes New Investment in TotalEnergies SE (NYSE:TTE)

Grantham Mayo Van Otterloo & Co. LLC bought a new position in shares of TotalEnergies SE (NYSE:TTE - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 21,170 shares of the company's stock, valued at approximately $1,154,000.

Other large investors have also modified their holdings of the company. Charles Schwab Investment Management Inc. lifted its stake in TotalEnergies by 26.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 136,638 shares of the company's stock worth $8,830,000 after acquiring an additional 28,857 shares during the last quarter. Verition Fund Management LLC purchased a new stake in TotalEnergies in the third quarter valued at $271,000. EP Wealth Advisors LLC lifted its holdings in shares of TotalEnergies by 14.1% in the 3rd quarter. EP Wealth Advisors LLC now owns 10,141 shares of the company's stock valued at $655,000 after purchasing an additional 1,254 shares during the last quarter. Orion Portfolio Solutions LLC grew its position in TotalEnergies by 8.4% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 53,774 shares of the company's stock worth $3,475,000 after purchasing an additional 4,155 shares during the last quarter. Finally, Continuum Advisory LLC raised its stake in shares of TotalEnergies by 70.4% during the third quarter. Continuum Advisory LLC now owns 443 shares of the company's stock worth $27,000 after purchasing an additional 183 shares during the last quarter. Hedge funds and other institutional investors own 16.53% of the company's stock.

TotalEnergies Stock Up 1.5 %

Shares of TTE stock traded up $0.82 on Monday, hitting $57.05. The company's stock had a trading volume of 369,038 shares, compared to its average volume of 1,787,276. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.10 and a quick ratio of 0.88. The stock has a market capitalization of $136.79 billion, a price-to-earnings ratio of 8.57, a P/E/G ratio of 0.98 and a beta of 0.45. TotalEnergies SE has a fifty-two week low of $52.78 and a fifty-two week high of $74.97. The firm's fifty day moving average price is $60.91 and its 200-day moving average price is $60.30.

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TotalEnergies (NYSE:TTE - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $1.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.74 by $0.16. TotalEnergies had a net margin of 7.34% and a return on equity of 15.22%. Research analysts anticipate that TotalEnergies SE will post 8.02 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on TTE shares. Scotiabank dropped their target price on shares of TotalEnergies from $65.00 to $60.00 and set a "sector perform" rating for the company in a report on Friday. Redburn Atlantic upgraded TotalEnergies from a "hold" rating to a "strong-buy" rating in a report on Thursday, January 23rd. Piper Sandler reduced their target price on shares of TotalEnergies from $77.00 to $62.00 and set a "neutral" rating on the stock in a research report on Thursday, December 19th. Citigroup raised shares of TotalEnergies from a "neutral" rating to a "buy" rating in a research report on Wednesday, March 26th. Finally, Morgan Stanley reissued an "equal weight" rating and issued a $64.10 target price (down previously from $70.40) on shares of TotalEnergies in a report on Tuesday, January 7th. Six analysts have rated the stock with a hold rating, three have given a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $69.42.

TotalEnergies 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.