Thrivent Financial for Lutherans Purchases 4,579 Shares of TotalEnergies SE (NYSE:TTE)

Thrivent Financial for Lutherans increased its holdings in TotalEnergies SE (NYSE:TTE - Free Report) by 139.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,862 shares of the company's stock after purchasing an additional 4,579 shares during the quarter. Thrivent Financial for Lutherans' holdings in TotalEnergies were worth $452,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Franklin Resources Inc. grew its holdings in shares of TotalEnergies by 62.7% in the third quarter. Franklin Resources Inc. now owns 4,012,961 shares of the company's stock worth $273,323,000 after purchasing an additional 1,546,866 shares during the last quarter. Raymond James Financial Inc. bought a new stake in TotalEnergies in the 4th quarter worth $156,044,000. Equity Investment Corp increased its position in shares of TotalEnergies by 10.5% in the fourth quarter. Equity Investment Corp now owns 2,058,589 shares of the company's stock valued at $112,193,000 after acquiring an additional 196,277 shares during the period. Todd Asset Management LLC raised its stake in shares of TotalEnergies by 1.2% during the fourth quarter. Todd Asset Management LLC now owns 1,178,840 shares of the company's stock valued at $64,247,000 after acquiring an additional 13,503 shares during the last quarter. Finally, HighTower Advisors LLC boosted its holdings in shares of TotalEnergies by 1.6% during the fourth quarter. HighTower Advisors LLC now owns 749,783 shares of the company's stock worth $40,863,000 after purchasing an additional 12,125 shares during the period. 16.53% of the stock is owned by institutional investors.

TotalEnergies Stock Down 3.7 %

Shares of TTE stock traded down $2.07 during mid-day trading on Tuesday, reaching $53.42. 3,219,749 shares of the company's stock traded hands, compared to its average volume of 1,559,176. The company's 50-day moving average price is $61.09 and its 200-day moving average price is $60.62. The company has a market cap of $128.08 billion, a P/E ratio of 8.02, a P/E/G ratio of 0.98 and a beta of 0.45. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.36. TotalEnergies SE has a 12 month low of $52.85 and a 12 month high of $74.97.

TotalEnergies (NYSE:TTE - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $1.90 earnings per share for the quarter, topping analysts' consensus estimates of $1.74 by $0.16. TotalEnergies had a net margin of 7.34% and a return on equity of 15.22%. On average, equities analysts expect that TotalEnergies SE will post 8.02 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on TTE. Morgan Stanley restated an "equal weight" rating and set a $64.10 price target (down previously from $70.40) on shares of TotalEnergies in a report on Tuesday, January 7th. Redburn Atlantic raised TotalEnergies from a "hold" rating to a "strong-buy" rating in a research note on Thursday, January 23rd. Citigroup raised shares of TotalEnergies from a "neutral" rating to a "buy" rating in a research report on Wednesday, March 26th. Finally, Piper Sandler dropped their target price on shares of TotalEnergies from $77.00 to $62.00 and set a "neutral" rating for the company in a research report on Thursday, December 19th. Six research analysts have rated the stock with a hold rating, three have given a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $72.42.

TotalEnergies Company 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.