HBK Sorce Advisory LLC Makes New $245,000 Investment in TotalEnergies SE (NYSE:TTE)

HBK Sorce Advisory LLC bought a new position in TotalEnergies SE (NYSE:TTE - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 4,501 shares of the company's stock, valued at approximately $245,000.

A number of other institutional investors have also modified their holdings of TTE. Raymond James Financial Inc. bought a new stake in shares of TotalEnergies in the fourth quarter valued at about $156,044,000. Franklin Resources Inc. lifted its position in shares of TotalEnergies by 62.7% in the 3rd quarter. Franklin Resources Inc. now owns 4,012,961 shares of the company's stock worth $273,323,000 after purchasing an additional 1,546,866 shares during the period. Barclays PLC boosted its stake 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 purchasing an additional 490,187 shares in the last quarter. FMR LLC increased its holdings in 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 buying an additional 324,033 shares during the period. Finally, DRW Securities LLC raised its stake in TotalEnergies by 134.5% in the third quarter. DRW Securities LLC now owns 64,209 shares of the company's stock worth $4,149,000 after buying an additional 250,427 shares in the last quarter. 16.53% of the stock is owned by hedge funds and other institutional investors.

TotalEnergies Price Performance

Shares of NYSE:TTE traded up $0.81 during trading on Wednesday, reaching $64.14. 1,521,326 shares of the company's stock traded hands, compared to its average volume of 1,518,902. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.36. TotalEnergies SE has a fifty-two week low of $53.29 and a fifty-two week high of $74.97. The company has a 50-day simple moving average of $59.94 and a 200-day simple moving average of $61.22. The firm has a market cap of $153.79 billion, a PE ratio of 9.63, a P/E/G ratio of 0.98 and a beta of 0.56.

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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 EPS for the quarter, beating 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%. As a group, analysts predict that TotalEnergies SE will post 8.02 earnings per share for the current year.

Analyst Ratings Changes

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

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.