TotalEnergies SE (NYSE:TTE) Shares Bought by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans raised its holdings in shares of TotalEnergies SE (NYSE:TTE - Free Report) by 139.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Clear Creek Financial Management LLC purchased a new position in shares of TotalEnergies during the fourth quarter worth approximately $345,000. Logan Capital Management Inc. grew its stake in TotalEnergies by 22.8% in the third quarter. Logan Capital Management Inc. now owns 71,757 shares of the company's stock worth $4,637,000 after purchasing an additional 13,331 shares in the last quarter. CWA Asset Management Group LLC increased its holdings in TotalEnergies by 85.1% during the 4th quarter. CWA Asset Management Group LLC now owns 23,571 shares of the company's stock worth $1,285,000 after purchasing an additional 10,835 shares during the period. Barclays PLC lifted its holdings in shares of TotalEnergies by 266.5% in the 3rd quarter. Barclays PLC now owns 674,154 shares of the company's stock worth $43,564,000 after buying an additional 490,187 shares during the period. Finally, Merit Financial Group LLC bought a new position in shares of TotalEnergies during the 4th quarter worth $412,000. 16.53% of the stock is owned by hedge funds and other institutional investors.

TotalEnergies Stock Up 0.0 %

TTE traded up $0.02 during trading on Tuesday, hitting $55.51. The stock had a trading volume of 303,489 shares, compared to its average volume of 1,546,135. TotalEnergies SE has a twelve month low of $53.29 and a twelve month high of $74.97. The stock has a 50 day simple moving average of $61.28 and a two-hundred day simple moving average of $60.78. 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 market capitalization of $133.10 billion, a PE ratio of 8.33, a PEG ratio of 0.98 and a beta of 0.45.

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

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on TTE. Redburn Atlantic upgraded TotalEnergies from a "hold" rating to a "strong-buy" rating in a report on Thursday, January 23rd. Morgan Stanley restated an "equal weight" rating and issued a $64.10 price target (down previously from $70.40) on shares of TotalEnergies in a report on Tuesday, January 7th. Piper Sandler dropped their price objective on shares of TotalEnergies from $77.00 to $62.00 and set a "neutral" rating on the stock in a research note on Thursday, December 19th. Finally, Citigroup raised shares of TotalEnergies from a "neutral" rating to a "buy" rating in a report on Wednesday, March 26th. Six research analysts have rated the stock with a hold rating, three have issued a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat, TotalEnergies presently has an average rating of "Moderate Buy" and an average price target 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.