Massachusetts Financial Services Co. MA Raises Stock Position in TotalEnergies SE (NYSE:TTE)

Massachusetts Financial Services Co. MA grew its holdings in TotalEnergies SE (NYSE:TTE) by 3.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 138,235 shares of the company’s stock after purchasing an additional 4,588 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in TotalEnergies were worth $7,534,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. HighPoint Advisor Group LLC boosted its stake in shares of TotalEnergies by 4.6% in the 4th quarter. HighPoint Advisor Group LLC now owns 10,018 shares of the company’s stock valued at $546,000 after buying an additional 440 shares during the period. Franklin Resources Inc. raised its holdings in TotalEnergies by 41.7% in the fourth quarter. Franklin Resources Inc. now owns 5,685,348 shares of the company’s stock valued at $309,851,000 after acquiring an additional 1,672,387 shares in the last quarter. Summit Financial LLC purchased a new position in TotalEnergies in the fourth quarter worth approximately $307,000. Transamerica Financial Advisors Inc. grew its holdings in TotalEnergies by 16.8% during the 4th quarter. Transamerica Financial Advisors Inc. now owns 4,850 shares of the company’s stock worth $265,000 after acquiring an additional 698 shares in the last quarter. Finally, Orion Portfolio Solutions LLC increased its position in shares of TotalEnergies by 4.0% in the 4th quarter. Orion Portfolio Solutions LLC now owns 55,940 shares of the company’s stock valued at $3,049,000 after purchasing an additional 2,166 shares during the last quarter. Institutional investors and hedge funds own 16.53% of the company’s stock.

TotalEnergies Stock Down 3.7 %

Shares of NYSE:TTE opened at $55.55 on Tuesday. The stock’s 50-day moving average price is $61.28 and its two-hundred day moving average price is $60.78. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.36. TotalEnergies SE has a 12-month low of $53.29 and a 12-month high of $74.97. The firm has a market cap of $133.19 billion, a price-to-earnings ratio of 8.34, a PEG ratio of 0.98 and a beta of 0.45.

TotalEnergies (NYSE:TTE) last released its quarterly earnings data on Wednesday, February 5th. The company reported $1.90 earnings per share (EPS) 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%. On average, research analysts forecast that TotalEnergies SE will post 8.02 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on TTE shares. Morgan Stanley reaffirmed an “equal weight” rating and set a $64.10 price target (down from $70.40) on shares of TotalEnergies in a report on Tuesday, January 7th. Citigroup upgraded TotalEnergies from a “neutral” rating to a “buy” rating in a research note on Wednesday, March 26th. Piper Sandler dropped their price target on shares of TotalEnergies from $77.00 to $62.00 and set a “neutral” rating on the stock in a research note on Thursday, December 19th. Finally, Redburn Atlantic upgraded shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 23rd. Six equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat, TotalEnergies has a consensus 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.