NewEdge Advisors LLC Has $2.53 Million Stock Holdings in TotalEnergies SE (NYSE:TTE)

NewEdge Advisors LLC grew its stake in TotalEnergies SE (NYSE:TTE - Free Report) by 22.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 46,477 shares of the company's stock after purchasing an additional 8,502 shares during the quarter. NewEdge Advisors LLC's holdings in TotalEnergies were worth $2,533,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Clear Creek Financial Management LLC bought a new stake in shares of TotalEnergies in the 4th quarter worth approximately $345,000. 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. Logan Capital Management Inc. grew 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 worth $4,637,000 after purchasing an additional 13,331 shares during the last quarter. CWA Asset Management Group LLC increased its stake in shares of TotalEnergies by 85.1% in the fourth quarter. CWA Asset Management Group LLC now owns 23,571 shares of the company's stock valued at $1,285,000 after purchasing an additional 10,835 shares during the period. Finally, Barclays PLC boosted its position in shares of TotalEnergies by 266.5% during the third 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. Institutional investors own 16.53% of the company's stock.

TotalEnergies Stock Performance

Shares of NYSE:TTE traded up $0.77 during midday trading on Friday, hitting $60.05. The company's stock had a trading volume of 1,313,301 shares, compared to its average volume of 1,573,662. The stock's 50 day simple moving average is $60.39 and its 200 day simple moving average is $59.79. The stock has a market capitalization of $143.97 billion, a price-to-earnings ratio of 9.02, a PEG ratio of 0.98 and a beta of 0.45. 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 fifty-two week low of $52.78 and a fifty-two week high of $74.97.

TotalEnergies (NYSE:TTE - Get Free Report) last released 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%. As a group, research analysts anticipate that TotalEnergies SE will post 8.02 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have weighed in on TTE. Redburn Atlantic raised TotalEnergies from a "hold" rating to a "strong-buy" rating in a research note on Thursday, January 23rd. Scotiabank dropped their price target on shares of TotalEnergies from $65.00 to $60.00 and set a "sector perform" rating on the stock in a research report on Friday, April 11th. Citigroup upgraded shares of TotalEnergies from a "neutral" rating to a "buy" rating in a research note on Wednesday, March 26th. BNP Paribas raised TotalEnergies from a "neutral" rating to an "outperform" rating in a research note on Tuesday, April 15th. Finally, Morgan Stanley reissued an "equal weight" rating and issued a $64.10 price objective (down from $70.40) on shares of TotalEnergies in a research note on Tuesday, January 7th. Five investment analysts have rated the stock with a hold rating, four have issued a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently 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.