Massachusetts Financial Services Co. MA Acquires 4,588 Shares of TotalEnergies SE (NYSE:TTE)

Massachusetts Financial Services Co. MA increased its holdings in TotalEnergies SE (NYSE:TTE - Free Report) by 3.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 138,235 shares of the company's stock after purchasing an additional 4,588 shares during the period. Massachusetts Financial Services Co. MA's holdings in TotalEnergies were worth $7,534,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in TTE. Continuum Advisory LLC boosted its position in TotalEnergies by 70.4% during the third quarter. Continuum Advisory LLC now owns 443 shares of the company's stock valued at $27,000 after buying an additional 183 shares during the period. Asset Planning Inc bought a new stake in shares of TotalEnergies in the 4th quarter valued at about $31,000. HHM Wealth Advisors LLC lifted its stake in shares of TotalEnergies by 156.3% in the 4th quarter. HHM Wealth Advisors LLC now owns 656 shares of the company's stock valued at $36,000 after acquiring an additional 400 shares during the last quarter. Versant Capital Management Inc purchased a new stake in TotalEnergies during the 4th quarter valued at about $45,000. Finally, Stonebridge Financial Group LLC bought a new position in TotalEnergies during the 4th quarter worth approximately $49,000. Institutional investors own 16.53% of the company's stock.

TotalEnergies Trading Up 2.6 %

Shares of NYSE:TTE traded up $1.41 on Friday, hitting $56.13. The company had a trading volume of 2,195,765 shares, compared to its average volume of 1,579,562. TotalEnergies SE has a 1 year low of $52.78 and a 1 year high of $74.97. 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 firm's 50-day simple moving average is $60.91 and its two-hundred day simple moving average is $60.34. The firm has a market capitalization of $134.59 billion, a price-to-earnings ratio of 8.43, a P/E/G ratio of 0.98 and a beta of 0.45.

TotalEnergies (NYSE:TTE - Get Free Report) last issued 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 net margin of 7.34% and a return on equity of 15.22%. Equities analysts anticipate that TotalEnergies SE will post 8.02 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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