Forum Financial Management LP Purchases 21,691 Shares of TotalEnergies SE (NYSE:TTE)

Forum Financial Management LP lifted its position in TotalEnergies SE (NYSE:TTE - Free Report) by 35.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 82,033 shares of the company's stock after buying an additional 21,691 shares during the quarter. Forum Financial Management LP's holdings in TotalEnergies were worth $4,471,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of TTE. Raymond James Financial Inc. bought a new stake in TotalEnergies during the fourth quarter valued at about $156,044,000. Franklin Resources Inc. boosted its stake in TotalEnergies by 41.7% during the 4th 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. Barclays PLC grew its holdings in TotalEnergies by 266.5% in the 3rd 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. Federated Hermes Inc. increased its position in TotalEnergies by 19.5% in the 4th quarter. Federated Hermes Inc. now owns 2,886,405 shares of the company's stock worth $157,309,000 after buying an additional 471,291 shares during the period. Finally, Equity Investment Corp boosted 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. 16.53% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on TTE shares. Citigroup upgraded shares of TotalEnergies from a "neutral" rating to a "buy" rating in a research note on Wednesday, March 26th. Redburn Atlantic upgraded shares of TotalEnergies from a "hold" rating to a "strong-buy" rating in a research note on Thursday, January 23rd. BNP Paribas upgraded TotalEnergies from a "neutral" rating to an "outperform" rating in a research note on Tuesday, April 15th. Morgan Stanley reiterated an "equal weight" rating and issued a $64.10 price objective (down previously from $70.40) on shares of TotalEnergies in a research report on Tuesday, January 7th. Finally, Scotiabank cut their target price on TotalEnergies from $65.00 to $60.00 and set a "sector perform" rating for the company in a research note on Friday, April 11th. 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. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $69.42.

TotalEnergies Price Performance

TotalEnergies stock traded up $1.57 during mid-day trading on Tuesday, hitting $59.46. 1,341,138 shares of the company were exchanged, compared to its average volume of 1,569,613. TotalEnergies SE has a 1-year low of $52.78 and a 1-year high of $74.97. 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 business has a fifty day moving average of $60.55 and a 200 day moving average of $59.92. The company has a market capitalization of $142.57 billion, a PE ratio of 8.93, a price-to-earnings-growth ratio of 0.98 and a beta of 0.45.

TotalEnergies (NYSE:TTE - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $1.90 earnings per share for the quarter, topping 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%. As a group, sell-side analysts expect that TotalEnergies SE will post 8.02 earnings per share for the current year.

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.