Mariner LLC Grows Stake in TotalEnergies SE (NYSE:TTE)

Mariner LLC raised its stake in TotalEnergies SE (NYSE:TTE - Free Report) by 10.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 162,738 shares of the company's stock after purchasing an additional 14,750 shares during the quarter. Mariner LLC's holdings in TotalEnergies were worth $8,869,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Asset Planning Inc purchased a new stake in TotalEnergies in the 4th quarter worth approximately $31,000. Bernard Wealth Management Corp. purchased a new stake in TotalEnergies in the fourth quarter worth $32,000. HHM Wealth Advisors LLC boosted its holdings in TotalEnergies by 156.3% in the fourth quarter. HHM Wealth Advisors LLC now owns 656 shares of the company's stock valued at $36,000 after acquiring an additional 400 shares in the last quarter. Versant Capital Management Inc purchased a new position in TotalEnergies during the 4th quarter valued at $45,000. Finally, Stonebridge Financial Group LLC bought a new position in TotalEnergies in the 4th quarter worth $49,000. Hedge funds and other institutional investors own 16.53% of the company's stock.

TotalEnergies Stock Down 0.8 %

TTE stock traded down $0.48 during midday trading on Monday, hitting $57.98. The company's stock had a trading volume of 1,304,600 shares, compared to its average volume of 1,570,435. The company has a market cap of $139.02 billion, a PE ratio of 8.71, a P/E/G ratio of 0.98 and a beta of 0.45. The firm's 50-day moving average is $60.55 and its 200-day moving average is $59.92. TotalEnergies SE has a 12 month low of $52.78 and a 12 month high of $74.97. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.36.

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

Analyst Upgrades and Downgrades

TTE has been the subject of a number of research reports. Morgan Stanley reissued an "equal weight" rating and issued a $64.10 price target (down from $70.40) on shares of TotalEnergies in a research note on Tuesday, January 7th. Scotiabank dropped their price target on TotalEnergies from $65.00 to $60.00 and set a "sector perform" rating on the stock in a research report on Friday, April 11th. Redburn Atlantic upgraded TotalEnergies from a "hold" rating to a "strong-buy" rating in a report on Thursday, January 23rd. BNP Paribas raised shares of TotalEnergies from a "neutral" rating to an "outperform" rating in a research report on Tuesday, April 15th. Finally, Citigroup upgraded shares of TotalEnergies from a "neutral" rating to a "buy" rating in a research note on Wednesday, March 26th. Five investment analysts have rated the stock with a hold rating, four have issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $69.42.

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.