Zions Bancorporation N.A. Has $8.76 Million Stock Position in TotalEnergies SE (NYSE:TTE)

Zions Bancorporation N.A. raised its position in shares of TotalEnergies SE (NYSE:TTE - Free Report) by 48.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 160,660 shares of the company's stock after buying an additional 52,120 shares during the quarter. TotalEnergies accounts for 0.6% of Zions Bancorporation N.A.'s portfolio, making the stock its 27th largest position. Zions Bancorporation N.A.'s holdings in TotalEnergies were worth $8,756,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Taikang Asset Management Hong Kong Co Ltd purchased a new stake in shares of TotalEnergies in the 4th quarter valued at approximately $1,090,000. Congress Wealth Management LLC DE lifted its holdings in shares of TotalEnergies by 10.9% in the fourth quarter. Congress Wealth Management LLC DE now owns 25,123 shares of the company's stock valued at $1,379,000 after purchasing an additional 2,466 shares in the last quarter. FCA Corp TX acquired a new stake in shares of TotalEnergies in the fourth quarter worth $109,000. LPL Financial LLC boosted its position in shares of TotalEnergies by 14.9% in the fourth quarter. LPL Financial LLC now owns 1,164,972 shares of the company's stock worth $63,491,000 after buying an additional 151,336 shares during the period. Finally, Guardian Partners Inc. purchased a new position in shares of TotalEnergies during the fourth quarter valued at $7,224,000. 16.53% of the stock is currently owned by institutional investors and hedge funds.

TotalEnergies Stock Performance

Shares of TotalEnergies stock traded down $1.03 during trading on Friday, reaching $64.15. The company's stock had a trading volume of 838,642 shares, compared to its average volume of 1,675,543. The business's fifty day moving average price is $60.87 and its 200-day moving average price is $61.15. TotalEnergies SE has a one year low of $53.29 and a one year high of $74.97. The firm has a market cap of $153.81 billion, a price-to-earnings ratio of 9.63, a price-to-earnings-growth ratio of 0.98 and a beta of 0.56. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.88 and a current ratio of 1.10.

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TotalEnergies (NYSE:TTE - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $1.90 EPS 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%. As a group, equities research analysts predict that TotalEnergies SE will post 8.02 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Piper Sandler reduced their price objective on TotalEnergies from $77.00 to $62.00 and set a "neutral" rating for the company in a research note on Thursday, December 19th. Morgan Stanley reaffirmed an "equal weight" rating and set a $64.10 price target (down from $70.40) on shares of TotalEnergies in a research note on Tuesday, January 7th. Royal Bank of Canada raised shares of TotalEnergies from a "sector perform" rating to an "outperform" rating in a research note on Thursday, December 5th. Citigroup upgraded TotalEnergies from a "neutral" rating to a "buy" rating in a report on Wednesday. Finally, Redburn Atlantic upgraded TotalEnergies from a "hold" rating to a "strong-buy" rating in a research note on Thursday, January 23rd. Six research analysts have rated the stock with a hold rating, three have given a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat.com, TotalEnergies currently has an average rating of "Moderate Buy" and an average price target 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.