Scotia Capital Inc. Acquires Shares of 5,488 TotalEnergies SE (NYSE:TTE)

Scotia Capital Inc. acquired a new stake in TotalEnergies SE (NYSE:TTE - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 5,488 shares of the company's stock, valued at approximately $299,000.

Other large investors also recently modified their holdings of the company. Franklin Resources Inc. grew its stake in TotalEnergies by 41.7% in the fourth quarter. Franklin Resources Inc. now owns 5,685,348 shares of the company's stock valued at $309,851,000 after acquiring an additional 1,672,387 shares during the period. Federated Hermes Inc. boosted its stake in shares of TotalEnergies by 19.5% in the 4th quarter. Federated Hermes Inc. now owns 2,886,405 shares of the company's stock worth $157,309,000 after buying an additional 471,291 shares during the last quarter. Raymond James Financial Inc. bought a new position in TotalEnergies in the 4th quarter valued at $156,044,000. Envestnet Asset Management Inc. raised its stake in shares of TotalEnergies by 7.9% during the 4th quarter. Envestnet Asset Management Inc. now owns 2,648,481 shares of the company's stock worth $144,342,000 after purchasing an additional 192,858 shares during the period. Finally, Equity Investment Corp raised its position in TotalEnergies by 10.5% in the fourth quarter. Equity Investment Corp now owns 2,058,589 shares of the company's stock worth $112,193,000 after acquiring an additional 196,277 shares during the period. 16.53% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Morgan Stanley restated an "equal weight" rating and issued a $64.10 price objective (down from $70.40) on shares of TotalEnergies in a research report on Tuesday, January 7th. BNP Paribas raised TotalEnergies from a "neutral" rating to an "outperform" rating in a research note on Tuesday. Scotiabank dropped their price target on shares of TotalEnergies from $65.00 to $60.00 and set a "sector perform" rating for the company 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. Finally, Citigroup raised TotalEnergies from a "neutral" rating to a "buy" rating in a research note on Wednesday, March 26th. Five research analysts have rated the stock with a hold rating, four have issued a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $69.42.

TotalEnergies Price Performance

Shares of NYSE:TTE traded up $0.56 on Friday, reaching $58.39. The company's stock had a trading volume of 1,306,216 shares, compared to its average volume of 1,570,661. The company has a market cap of $140.00 billion, a P/E ratio of 8.77, a PEG ratio of 0.98 and a beta of 0.45. TotalEnergies SE has a 52-week low of $52.78 and a 52-week high of $74.97. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.88 and a current ratio of 1.10. The company has a 50-day simple moving average of $60.61 and a 200 day simple moving average of $60.10.

TotalEnergies (NYSE:TTE - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $1.90 earnings per share (EPS) for the quarter, beating 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%. As a group, equities research analysts anticipate that TotalEnergies SE will post 8.02 EPS for the current fiscal 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.