4,915 Shares in TotalEnergies SE (NYSE:TTE) Acquired by Strategic Global Advisors LLC

Strategic Global Advisors LLC bought a new stake in TotalEnergies SE (NYSE:TTE) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 4,915 shares of the company’s stock, valued at approximately $268,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TTE. Bank of America Corp DE grew its stake in shares of TotalEnergies by 121.1% in the fourth quarter. Bank of America Corp DE now owns 7,648,225 shares of the company’s stock valued at $416,828,000 after buying an additional 4,189,652 shares in the last quarter. Franklin Resources Inc. boosted its position in shares of TotalEnergies by 41.7% during the 4th quarter. Franklin Resources Inc. now owns 5,685,348 shares of the company’s stock worth $309,851,000 after acquiring an additional 1,672,387 shares in the last quarter. Royal Bank of Canada boosted its position in shares of TotalEnergies by 10.0% during the 4th quarter. Royal Bank of Canada now owns 2,917,438 shares of the company’s stock worth $159,000,000 after acquiring an additional 265,251 shares in the last quarter. Federated Hermes Inc. boosted its position in shares of TotalEnergies by 19.5% during the 4th quarter. Federated Hermes Inc. now owns 2,886,405 shares of the company’s stock worth $157,309,000 after acquiring an additional 471,291 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of TotalEnergies during the 4th quarter worth about $156,044,000. Hedge funds and other institutional investors own 16.53% of the company’s stock.

TotalEnergies Stock Up 0.8%

TTE opened at $59.66 on Monday. TotalEnergies SE has a 12 month low of $52.78 and a 12 month high of $73.12. The stock has a market capitalization of $143.06 billion, a P/E ratio of 8.96, a P/E/G ratio of 0.98 and a beta of 0.58. The business has a 50 day simple moving average of $59.70 and a 200-day simple moving average of $58.97. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.10 and a quick ratio of 0.88.

TotalEnergies (NYSE:TTE) last released its quarterly earnings data on Wednesday, April 30th. The company reported $1.83 earnings per share for the quarter, missing the consensus estimate of $1.88 by ($0.05). TotalEnergies had a net margin of 7.34% and a return on equity of 15.22%. The firm had revenue of $47.90 billion during the quarter, compared to analysts’ expectations of $41.23 billion. During the same period in the previous year, the business earned $2.14 earnings per share. On average, equities analysts anticipate that TotalEnergies SE will post 8.02 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

TTE has been the subject of several analyst reports. Scotiabank lowered their price objective on TotalEnergies from $65.00 to $60.00 and set a “sector perform” rating for the company in a research report on Friday, April 11th. Redburn Atlantic raised TotalEnergies from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 23rd. Citigroup raised TotalEnergies from a “neutral” rating to a “buy” rating in a research note on Wednesday, March 26th. Morgan Stanley raised TotalEnergies from an “equal weight” rating to an “overweight” rating and set a $60.80 price objective for the company in a research note on Monday, May 12th. Finally, Dbs Bank raised TotalEnergies from a “hold” rating to a “buy” rating in a research note on Wednesday, May 7th. Four investment analysts have rated the stock with a hold rating, seven have issued a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $69.36.

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.