Boston Partners Buys 6,062 Shares of TotalEnergies SE (NYSE:TTE)

Boston Partners raised its position in shares of TotalEnergies SE (NYSE:TTE - Free Report) by 21.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 34,037 shares of the company's stock after buying an additional 6,062 shares during the period. Boston Partners' holdings in TotalEnergies were worth $1,862,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Clear Creek Financial Management LLC bought a new stake in shares of TotalEnergies during the 4th quarter valued at $345,000. Logan Capital Management Inc. raised its position in TotalEnergies by 22.8% in the 3rd quarter. Logan Capital Management Inc. now owns 71,757 shares of the company's stock valued at $4,637,000 after buying an additional 13,331 shares during the last quarter. FMR LLC boosted its holdings in TotalEnergies by 2.7% during the third quarter. FMR LLC now owns 12,445,228 shares of the company's stock worth $804,211,000 after purchasing an additional 324,033 shares during the last quarter. CWA Asset Management Group LLC grew its holdings in shares of TotalEnergies by 85.1% in the 4th quarter. CWA Asset Management Group LLC now owns 23,571 shares of the company's stock valued at $1,285,000 after acquiring an additional 10,835 shares in the last quarter. Finally, Barclays PLC grew its stake in TotalEnergies by 266.5% in the third quarter. Barclays PLC now owns 674,154 shares of the company's stock valued at $43,564,000 after purchasing an additional 490,187 shares in the last quarter. Institutional investors and hedge funds own 16.53% of the company's stock.

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TotalEnergies Trading Up 2.2 %

Shares of TTE stock traded up $1.42 during mid-day trading on Wednesday, reaching $64.94. The stock had a trading volume of 2,997,477 shares, compared to its average volume of 1,691,565. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $155.70 billion, a PE ratio of 9.75, a price-to-earnings-growth ratio of 0.98 and a beta of 0.56. TotalEnergies SE has a 52-week low of $53.29 and a 52-week high of $74.97. The stock's 50-day moving average price is $60.60 and its two-hundred day moving average price is $61.10.

TotalEnergies (NYSE:TTE - Get Free Report) last posted its earnings results 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 return on equity of 15.22% and a net margin of 7.34%. Equities analysts expect that TotalEnergies SE will post 8.02 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have commented on TTE shares. Citigroup raised shares of TotalEnergies from a "neutral" rating to a "buy" rating in a research report on Wednesday. Redburn Atlantic raised TotalEnergies from a "hold" rating to a "strong-buy" rating in a research note on Thursday, January 23rd. Royal Bank of Canada raised TotalEnergies from a "sector perform" rating to an "outperform" rating in a report on Thursday, December 5th. Morgan Stanley reissued an "equal weight" rating and set a $64.10 target price (down from $70.40) on shares of TotalEnergies in a report on Tuesday, January 7th. Finally, BNP Paribas cut TotalEnergies from an "outperform" rating to a "neutral" rating in a research note on Wednesday, November 27th. Six equities research analysts have rated the stock with a hold rating, three have issued a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $72.42.

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.