Taikang Asset Management Hong Kong Co Ltd Buys Shares of 20,000 TotalEnergies SE (NYSE:TTE)

Taikang Asset Management Hong Kong Co Ltd acquired a new position in shares of TotalEnergies SE (NYSE:TTE - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 20,000 shares of the company's stock, valued at approximately $1,090,000.

Several other large investors also recently made changes to their positions in the business. Thrivent Financial for Lutherans acquired a new stake in TotalEnergies in the 3rd quarter valued at $212,000. Massachusetts Financial Services Co. MA grew its stake in shares of TotalEnergies by 4.3% in the third quarter. Massachusetts Financial Services Co. MA now owns 133,647 shares of the company's stock valued at $8,636,000 after buying an additional 5,481 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of TotalEnergies by 26.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 136,638 shares of the company's stock valued at $8,830,000 after buying an additional 28,857 shares during the period. Nwam LLC acquired a new position in TotalEnergies during the 3rd quarter worth approximately $332,000. Finally, Cerity Partners LLC boosted its holdings in TotalEnergies by 30.8% in the 3rd quarter. Cerity Partners LLC now owns 167,345 shares of the company's stock worth $10,814,000 after acquiring an additional 39,400 shares during the period. Institutional investors and hedge funds own 16.53% of the company's stock.

TotalEnergies Stock Down 1.8 %

TotalEnergies stock traded down $1.16 during midday trading on Friday, hitting $64.02. The stock had a trading volume of 738,608 shares, compared to its average volume of 1,525,869. The business has a fifty day moving average price of $60.87 and a 200 day moving average price of $61.15. TotalEnergies SE has a 12 month low of $53.29 and a 12 month high of $74.97. The stock has a market cap of $153.50 billion, a P/E ratio of 9.62, a P/E/G ratio of 0.98 and a beta of 0.56. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.36.

Remove Ads

TotalEnergies (NYSE:TTE - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $1.90 earnings per share 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%. Research analysts predict that TotalEnergies SE will post 8.02 EPS for the current year.

Wall Street Analysts Forecast Growth

TTE has been the topic of a number of recent research reports. Morgan Stanley reissued an "equal weight" rating and set a $64.10 target price (down from $70.40) on shares of TotalEnergies in a research report on Tuesday, January 7th. Royal Bank of Canada upgraded shares of TotalEnergies from a "sector perform" rating to an "outperform" rating in a report on Thursday, December 5th. Citigroup upgraded TotalEnergies from a "neutral" rating to a "buy" rating in a research note on Wednesday. Redburn Atlantic upgraded TotalEnergies from a "hold" rating to a "strong-buy" rating in a research note on Thursday, January 23rd. Finally, Piper Sandler reduced their price target on TotalEnergies from $77.00 to $62.00 and set a "neutral" rating for the company in a report on Thursday, December 19th. Six equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $72.42.

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.