2,863,196 Shares in TotalEnergies SE (NYSE:TTE) Bought by Raymond James Financial Inc.

Raymond James Financial Inc. acquired a new stake in TotalEnergies SE (NYSE:TTE - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,863,196 shares of the company's stock, valued at approximately $156,044,000. Raymond James Financial Inc. owned approximately 0.12% of TotalEnergies at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. FSA Wealth Management LLC purchased a new stake in shares of TotalEnergies in the third quarter valued at about $26,000. Continuum Advisory LLC raised its holdings in shares of TotalEnergies by 70.4% in 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 last quarter. Asset Planning Inc purchased a new stake in shares of TotalEnergies in the fourth quarter valued at about $31,000. HHM Wealth Advisors LLC raised its holdings in shares of 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 buying an additional 400 shares during the last quarter. Finally, Versant Capital Management Inc purchased a new position in TotalEnergies during the fourth quarter worth about $45,000. Institutional investors and hedge funds own 16.53% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on TTE shares. BNP Paribas cut shares of TotalEnergies from an "outperform" rating to a "neutral" rating in a report on Wednesday, November 27th. Morgan Stanley reissued an "equal weight" rating and set a $64.10 price target (down from $70.40) on shares of TotalEnergies in a report on Tuesday, January 7th. Redburn Atlantic raised shares of TotalEnergies from a "hold" rating to a "strong-buy" rating in a report on Thursday, January 23rd. Royal Bank of Canada raised shares of TotalEnergies from a "sector perform" rating to an "outperform" rating in a report on Thursday, December 5th. Finally, Piper Sandler cut 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. Six analysts have rated the stock with a hold rating, two have given a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $72.42.

Remove Ads

TotalEnergies Price Performance

TTE stock traded up $0.58 on Friday, reaching $61.36. The company had a trading volume of 2,835,004 shares, compared to its average volume of 1,514,955. The company's fifty day moving average is $58.99 and its 200 day moving average is $61.64. The company has a market cap of $147.11 billion, a P/E ratio of 9.21, a PEG ratio of 0.98 and a beta of 0.56. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.88 and a current ratio of 1.10. 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 earnings results on Wednesday, February 5th. The company reported $1.90 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 forecast 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.