Royal Bank of Canada Acquires 265,251 Shares of TotalEnergies SE (NYSE:TTE)

Royal Bank of Canada raised its holdings in TotalEnergies SE (NYSE:TTE) by 10.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,917,438 shares of the company’s stock after acquiring an additional 265,251 shares during the period. Royal Bank of Canada owned about 0.12% of TotalEnergies worth $159,000,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Bank of America Corp DE grew its position in shares of TotalEnergies by 121.1% in the 4th quarter. Bank of America Corp DE now owns 7,648,225 shares of the company’s stock valued at $416,828,000 after purchasing an additional 4,189,652 shares during the period. Franklin Resources Inc. boosted its holdings in shares of 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 buying an additional 1,672,387 shares during the period. Federated Hermes Inc. increased its position in shares of TotalEnergies by 19.5% during the fourth 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. Raymond James Financial Inc. acquired a new stake in shares of TotalEnergies during the fourth quarter worth $156,044,000. Finally, Envestnet Asset Management Inc. lifted its position in TotalEnergies by 7.9% in the 4th quarter. Envestnet Asset Management Inc. now owns 2,648,481 shares of the company’s stock valued at $144,342,000 after acquiring an additional 192,858 shares in the last quarter. Institutional investors and hedge funds own 16.53% of the company’s stock.

TotalEnergies Trading Up 0.8%

NYSE 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 company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.36. The stock has a 50 day moving average of $59.70 and a 200-day moving average of $58.97. The company has a market cap of $143.06 billion, a PE ratio of 8.96, a PEG ratio of 0.98 and a beta of 0.58.

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

Analyst Ratings Changes

TTE has been the subject of a number of research reports. BNP Paribas upgraded TotalEnergies from a “neutral” rating to an “outperform” rating in a report on Tuesday, April 15th. Scotiabank decreased their price objective on TotalEnergies from $65.00 to $60.00 and set a “sector perform” rating for the company in a report on Friday, April 11th. Citigroup upgraded TotalEnergies from a “neutral” rating to a “buy” rating in a research note on Wednesday, March 26th. Redburn Atlantic raised shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 23rd. Finally, Dbs Bank upgraded shares of TotalEnergies from a “hold” rating to a “buy” rating in a report on Wednesday, May 7th. Four 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. According to data from MarketBeat, TotalEnergies presently has an average rating of “Moderate Buy” and an average target price of $69.36.

TotalEnergies 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.