abrdn plc Grows Stock Position in TotalEnergies SE (NYSE:TTE)

abrdn plc boosted its position in TotalEnergies SE (NYSE:TTE) by 0.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 384,916 shares of the company’s stock after buying an additional 1,287 shares during the quarter. abrdn plc’s holdings in TotalEnergies were worth $25,936,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of TTE. Key Financial Inc boosted its holdings in shares of TotalEnergies by 139.0% in the fourth quarter. Key Financial Inc now owns 380 shares of the company’s stock worth $26,000 after acquiring an additional 221 shares during the period. Motco boosted its stake in TotalEnergies by 216.2% during the third quarter. Motco now owns 468 shares of the company’s stock valued at $31,000 after buying an additional 320 shares during the period. Arlington Trust Co LLC bought a new stake in TotalEnergies during the third quarter valued at $31,000. SRS Capital Advisors Inc. bought a new stake in TotalEnergies during the third quarter valued at $36,000. Finally, BKM Wealth Management LLC bought a new stake in TotalEnergies during the fourth quarter valued at $38,000. 13.22% of the stock is owned by hedge funds and other institutional investors.

TotalEnergies Stock Up 0.6 %

TTE opened at $73.00 on Wednesday. TotalEnergies SE has a 12 month low of $54.94 and a 12 month high of $74.06. The company has a market cap of $171.67 billion, a P/E ratio of 8.42, a P/E/G ratio of 1.74 and a beta of 0.72. The company has a current ratio of 1.12, a quick ratio of 0.90 and a debt-to-equity ratio of 0.34. The business’s 50-day moving average price is $68.20 and its 200-day moving average price is $67.01.

TotalEnergies (NYSE:TTE) last announced its quarterly earnings results on Wednesday, February 7th. The company reported $2.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.43 by ($0.27). TotalEnergies had a net margin of 9.19% and a return on equity of 19.61%. The business had revenue of $54.77 billion for the quarter, compared to analysts’ expectations of $55.14 billion. During the same quarter in the prior year, the firm earned $2.97 EPS. On average, equities analysts expect that TotalEnergies SE will post 9.38 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on TTE. Scotiabank lifted their price target on TotalEnergies from $74.00 to $86.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 11th. Piper Sandler lifted their price target on TotalEnergies from $75.00 to $79.00 and gave the stock a “neutral” rating in a research note on Thursday, April 18th. Six research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $70.75.

Insider Activity at TotalEnergies

In other TotalEnergies news, Director Se Totalenergies purchased 196,964 shares of TotalEnergies stock in a transaction that occurred on Thursday, March 28th. The shares were bought at an average price of $22.86 per share, for a total transaction of $4,502,597.04. Following the acquisition, the director now directly owns 295,235 shares in the company, valued at $6,749,072.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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.