TotalEnergies SE (NYSE:TTE) Shares Bought by Stifel Financial Corp

Stifel Financial Corp raised its stake in shares of TotalEnergies SE (NYSE:TTE - Free Report) by 6.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 690,593 shares of the company's stock after buying an additional 40,614 shares during the period. Stifel Financial Corp's holdings in TotalEnergies were worth $37,639,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Franklin Resources Inc. raised its position in TotalEnergies by 41.7% during 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 in the last quarter. Federated Hermes Inc. grew its stake in shares of TotalEnergies by 19.5% during the 4th quarter. Federated Hermes Inc. now owns 2,886,405 shares of the company's stock worth $157,309,000 after purchasing an additional 471,291 shares during the period. Raymond James Financial Inc. purchased a new position in shares of TotalEnergies during the 4th quarter valued at approximately $156,044,000. Envestnet Asset Management Inc. lifted its stake in shares of TotalEnergies by 7.9% in the 4th quarter. Envestnet Asset Management Inc. now owns 2,648,481 shares of the company's stock valued at $144,342,000 after purchasing an additional 192,858 shares during the period. Finally, Equity Investment Corp lifted its stake in shares of TotalEnergies by 10.5% in the 4th quarter. Equity Investment Corp now owns 2,058,589 shares of the company's stock valued at $112,193,000 after purchasing an additional 196,277 shares during the period. Institutional investors and hedge funds own 16.53% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Citigroup upgraded shares of TotalEnergies from a "neutral" rating to a "buy" rating in a research report on Wednesday, March 26th. Scotiabank reduced their price target on TotalEnergies from $65.00 to $60.00 and set a "sector perform" rating for the company in a report on Friday, April 11th. Redburn Atlantic upgraded TotalEnergies from a "hold" rating to a "strong-buy" rating in a research report on Thursday, January 23rd. 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. Finally, BNP Paribas raised TotalEnergies from a "neutral" rating to an "outperform" rating in a research note on Tuesday, April 15th. Five research analysts have rated the stock with a hold rating, four have issued a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat, TotalEnergies presently has an average rating of "Moderate Buy" and an average price target of $69.42.

TotalEnergies Price Performance

Shares of NYSE TTE traded up $0.77 during midday trading on Friday, hitting $60.05. The stock had a trading volume of 1,313,301 shares, compared to its average volume of 1,569,960. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.36. The stock has a 50 day simple moving average of $60.39 and a 200-day simple moving average of $59.73. The company has a market capitalization of $143.97 billion, a PE ratio of 9.02, a P/E/G ratio of 0.98 and a beta of 0.45. TotalEnergies SE has a 1 year low of $52.78 and a 1 year high of $74.66.

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, 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, sell-side analysts expect that TotalEnergies SE will post 8.02 EPS for the current fiscal year.

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.