Jones Financial Companies Lllp Increases Stake in TotalEnergies SE (NYSE:TTE)

Jones Financial Companies Lllp lifted its stake in shares of TotalEnergies SE (NYSE:TTE - Free Report) by 13.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 382,942 shares of the company's stock after buying an additional 45,531 shares during the period. Jones Financial Companies Lllp's holdings in TotalEnergies were worth $20,870,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. FMR LLC lifted its holdings in shares of TotalEnergies by 2.7% during the third quarter. FMR LLC now owns 12,445,228 shares of the company's stock worth $804,211,000 after purchasing an additional 324,033 shares during the period. Franklin Resources Inc. lifted its stake in TotalEnergies by 62.7% during the 3rd quarter. Franklin Resources Inc. now owns 4,012,961 shares of the company's stock valued at $273,323,000 after acquiring an additional 1,546,866 shares during the period. Natixis Advisors LLC boosted its holdings in shares of TotalEnergies by 4.9% in the 3rd quarter. Natixis Advisors LLC now owns 2,266,950 shares of the company's stock valued at $146,490,000 after acquiring an additional 106,347 shares during the last quarter. Equity Investment Corp increased its stake in shares of TotalEnergies by 10.5% in the fourth quarter. Equity Investment Corp now owns 2,058,589 shares of the company's stock worth $112,193,000 after acquiring an additional 196,277 shares during the period. Finally, Todd Asset Management LLC raised its holdings in shares of TotalEnergies by 1.2% during the fourth quarter. Todd Asset Management LLC now owns 1,178,840 shares of the company's stock worth $64,247,000 after purchasing an additional 13,503 shares during the last quarter. 16.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TTE has been the topic of several recent research reports. Royal Bank of Canada raised shares of TotalEnergies from a "sector perform" rating to an "outperform" rating in a report on Thursday, December 5th. Redburn Atlantic raised TotalEnergies from a "hold" rating to a "strong-buy" rating in a report on Thursday, January 23rd. Piper Sandler lowered their price objective on TotalEnergies from $77.00 to $62.00 and set a "neutral" rating on the stock in a research report on Thursday, December 19th. BNP Paribas cut shares of TotalEnergies from an "outperform" rating to a "neutral" rating in a research note on Wednesday, November 27th. Finally, Morgan Stanley reiterated an "equal weight" rating and issued a $64.10 target price (down from $70.40) on shares of TotalEnergies in a research note on Tuesday, January 7th. Six 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 company's stock. According to data from MarketBeat.com, TotalEnergies presently has an average rating of "Moderate Buy" and an average target price of $72.42.

TotalEnergies Price Performance

Shares of TotalEnergies stock traded up $1.15 on Wednesday, hitting $61.02. 2,092,022 shares of the company were exchanged, compared to its average volume of 1,502,785. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.36. The company has a 50-day moving average price of $58.73 and a 200 day moving average price of $61.75. The stock has a market capitalization of $146.32 billion, a price-to-earnings ratio of 9.16, a price-to-earnings-growth ratio of 0.98 and a beta of 0.61. TotalEnergies SE has a 1-year low of $53.29 and a 1-year high of $74.97.

TotalEnergies (NYSE:TTE - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $1.90 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.74 by $0.16. TotalEnergies had a net margin of 7.34% and a return on equity of 15.22%. As a group, sell-side analysts predict that TotalEnergies SE will post 8.02 earnings per share for the current fiscal 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.