TotalEnergies SE (NYSE:TTE) Shares Bought by MML Investors Services LLC

MML Investors Services LLC lifted its holdings in TotalEnergies SE (NYSE:TTE - Free Report) by 9.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 168,534 shares of the company's stock after purchasing an additional 14,005 shares during the period. MML Investors Services LLC's holdings in TotalEnergies were worth $9,185,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Dimensional Fund Advisors LP lifted its holdings in TotalEnergies by 5.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 373,728 shares of the company's stock worth $20,368,000 after buying an additional 20,734 shares during the period. First Trust Advisors LP purchased a new stake in shares of TotalEnergies during the 4th quarter worth $5,425,000. Forum Financial Management LP lifted its stake in shares of TotalEnergies by 35.9% during the 4th quarter. Forum Financial Management LP now owns 82,033 shares of the company's stock worth $4,471,000 after purchasing an additional 21,691 shares during the last quarter. Cadence Bank boosted its position in TotalEnergies by 2.0% during the fourth quarter. Cadence Bank now owns 109,471 shares of the company's stock valued at $5,966,000 after purchasing an additional 2,095 shares in the last quarter. Finally, NewEdge Advisors LLC grew its stake in TotalEnergies by 22.4% in the fourth quarter. NewEdge Advisors LLC now owns 46,477 shares of the company's stock valued at $2,533,000 after purchasing an additional 8,502 shares during the last quarter. 16.53% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Citigroup upgraded shares of TotalEnergies from a "neutral" rating to a "buy" rating in a report on Wednesday, March 26th. Morgan Stanley reaffirmed an "equal weight" rating and issued a $64.10 price target (down from $70.40) on shares of TotalEnergies in a report on Tuesday, January 7th. BNP Paribas raised TotalEnergies from a "neutral" rating to an "outperform" rating in a research report on Tuesday, April 15th. Scotiabank reduced their target price 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. Finally, Redburn Atlantic raised TotalEnergies from a "hold" rating to a "strong-buy" rating in a report on Thursday, January 23rd. Five research analysts have rated the stock with a hold rating, four have assigned a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat, TotalEnergies currently has a consensus rating of "Moderate Buy" and an average price target of $69.42.

TotalEnergies Stock Performance

NYSE:TTE traded up $0.77 during midday trading on Friday, hitting $60.05. The company's stock had a trading volume of 1,313,301 shares, compared to its average volume of 1,569,960. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.10 and a quick ratio of 0.88. TotalEnergies SE has a fifty-two week low of $52.78 and a fifty-two week high of $74.66. The firm's 50 day moving average is $60.39 and its 200-day moving average is $59.73. The firm has a market cap of $143.97 billion, a P/E ratio of 9.02, a P/E/G ratio of 0.98 and a beta of 0.45.

TotalEnergies (NYSE:TTE - Get Free Report) last issued its earnings results on Wednesday, February 5th. The company reported $1.90 earnings per share (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.

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.