Envestnet Asset Management Inc. Increases Holdings in TotalEnergies SE (NYSE:TTE)

Envestnet Asset Management Inc. grew its position in TotalEnergies SE (NYSE:TTE - Free Report) by 7.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,648,481 shares of the company's stock after buying an additional 192,858 shares during the quarter. Envestnet Asset Management Inc. owned 0.11% of TotalEnergies worth $144,342,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Clear Creek Financial Management LLC acquired a new stake in TotalEnergies in the fourth quarter valued at approximately $345,000. Franklin Resources Inc. increased its holdings in shares of TotalEnergies by 41.7% in the fourth quarter. Franklin Resources Inc. now owns 5,685,348 shares of the company's stock valued at $309,851,000 after purchasing an additional 1,672,387 shares during the period. Logan Capital Management Inc. raised its stake in shares of 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 during the last quarter. CWA Asset Management Group LLC lifted its holdings in shares of TotalEnergies by 85.1% during the fourth 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. Finally, Barclays PLC boosted its position 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 buying an additional 490,187 shares during the last quarter. 16.53% of the stock is owned by hedge funds and other institutional investors.

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TotalEnergies Price Performance

Shares of TTE traded up $1.41 during mid-day trading on Friday, hitting $56.13. 2,195,765 shares of the company were exchanged, compared to its average volume of 1,579,562. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.88 and a current ratio of 1.10. TotalEnergies SE has a 1-year low of $52.78 and a 1-year high of $74.97. The stock has a market cap of $134.59 billion, a price-to-earnings ratio of 8.43, a price-to-earnings-growth ratio of 0.98 and a beta of 0.45. The company has a 50 day moving average of $60.91 and a 200-day moving average of $60.34.

TotalEnergies (NYSE:TTE - Get Free Report) last released its earnings results on Wednesday, February 5th. The company reported $1.90 earnings per share for the quarter, beating the consensus estimate of $1.74 by $0.16. TotalEnergies had a return on equity of 15.22% and a net margin of 7.34%. Analysts expect that TotalEnergies SE will post 8.02 EPS for the current fiscal year.

Analysts Set New Price Targets

TTE has been the topic of a number of research reports. Citigroup upgraded shares of TotalEnergies from a "neutral" rating to a "buy" rating in a research note on Wednesday, March 26th. Redburn Atlantic upgraded TotalEnergies from a "hold" rating to a "strong-buy" rating in a research note on Thursday, January 23rd. Morgan Stanley restated an "equal weight" rating and issued a $64.10 target price (down previously from $70.40) on shares of TotalEnergies in a research note on Tuesday, January 7th. Piper Sandler dropped their price target on shares of TotalEnergies from $77.00 to $62.00 and set a "neutral" rating on the stock in a research report on Thursday, December 19th. Finally, Scotiabank decreased their price objective on shares of TotalEnergies from $65.00 to $60.00 and set a "sector perform" rating for the company in a research report on Friday. Six research analysts have rated the stock with a hold rating, three have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $69.42.

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.