TotalEnergies SE (NYSE:TTE) Shares Bought by LPL Financial LLC

LPL Financial LLC increased its stake in shares of TotalEnergies SE (NYSE:TTE - Free Report) by 14.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,164,972 shares of the company's stock after buying an additional 151,336 shares during the period. LPL Financial LLC's holdings in TotalEnergies were worth $63,491,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TTE. Integrated Wealth Concepts LLC raised its stake in shares of TotalEnergies by 1.0% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 16,795 shares of the company's stock worth $1,085,000 after buying an additional 169 shares during the last quarter. Tradition Wealth Management LLC increased its holdings in TotalEnergies by 2.5% during the 3rd quarter. Tradition Wealth Management LLC now owns 7,124 shares of the company's stock valued at $460,000 after acquiring an additional 171 shares in the last quarter. Apollon Wealth Management LLC raised its position in TotalEnergies by 4.1% during the fourth quarter. Apollon Wealth Management LLC now owns 4,448 shares of the company's stock worth $242,000 after acquiring an additional 174 shares during the last quarter. Continuum Advisory LLC raised its position in TotalEnergies by 70.4% during the third quarter. Continuum Advisory LLC now owns 443 shares of the company's stock worth $27,000 after acquiring an additional 183 shares during the last quarter. Finally, First Horizon Advisors Inc. lifted its holdings in shares of TotalEnergies by 9.1% in the fourth quarter. First Horizon Advisors Inc. now owns 2,217 shares of the company's stock valued at $121,000 after purchasing an additional 184 shares in the last quarter. 16.53% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Ratings Changes

Several research analysts recently issued reports on TTE shares. Royal Bank of Canada upgraded TotalEnergies from a "sector perform" rating to an "outperform" rating in a research report on Thursday, December 5th. Citigroup raised TotalEnergies from a "neutral" rating to a "buy" rating in a report on Wednesday, March 26th. Piper Sandler reduced 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. Redburn Atlantic upgraded TotalEnergies from a "hold" rating to a "strong-buy" rating in a research report on Thursday, January 23rd. 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 research note on Tuesday, January 7th. Six equities research 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 company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $72.42.

TotalEnergies Trading Up 0.9 %

TTE traded up $0.56 during midday trading on Monday, hitting $64.71. The company's stock had a trading volume of 2,031,121 shares, compared to its average volume of 1,533,326. 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 $155.14 billion, a P/E ratio of 9.72, a PEG ratio of 0.98 and a beta of 0.56. The firm has a 50-day moving average price of $61.07 and a two-hundred day moving average price of $61.04. TotalEnergies SE has a 52-week low of $53.29 and a 52-week high of $74.97.

TotalEnergies (NYSE:TTE - Get Free Report) last posted its quarterly earnings results 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 return on equity of 15.22% and a net margin of 7.34%. On average, research analysts anticipate that TotalEnergies SE will post 8.02 earnings per share 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.