TotalEnergies SE (NYSE:TTE) Shares Acquired by Boston Partners

Boston Partners lifted its holdings in shares of TotalEnergies SE (NYSE:TTE) by 21.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 34,037 shares of the company’s stock after acquiring an additional 6,062 shares during the period. Boston Partners’ holdings in TotalEnergies were worth $1,862,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. Thrivent Financial for Lutherans purchased a new stake in shares of TotalEnergies during the 3rd quarter worth approximately $212,000. Pathstone Holdings LLC raised its stake in TotalEnergies by 4.2% during the 3rd quarter. Pathstone Holdings LLC now owns 59,245 shares of the company’s stock worth $3,832,000 after acquiring an additional 2,403 shares in the last quarter. Prospera Financial Services Inc lifted its position in TotalEnergies by 8.4% in the third quarter. Prospera Financial Services Inc now owns 25,234 shares of the company’s stock valued at $1,631,000 after acquiring an additional 1,945 shares during the last quarter. Avior Wealth Management LLC boosted its stake in TotalEnergies by 62.9% in the third quarter. Avior Wealth Management LLC now owns 3,063 shares of the company’s stock valued at $198,000 after acquiring an additional 1,183 shares in the last quarter. Finally, Jennison Associates LLC grew its holdings in shares of TotalEnergies by 4.5% during the third quarter. Jennison Associates LLC now owns 456,738 shares of the company’s stock worth $29,514,000 after purchasing an additional 19,822 shares during the last quarter. Hedge funds and other institutional investors own 16.53% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. BNP Paribas downgraded TotalEnergies from an “outperform” rating to a “neutral” rating in a report on Wednesday, November 27th. 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. Redburn Atlantic upgraded shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 23rd. Morgan Stanley reiterated an “equal weight” rating and issued a $64.10 price target (down previously from $70.40) on shares of TotalEnergies in a research report on Tuesday, January 7th. Finally, Royal Bank of Canada raised shares of TotalEnergies from a “sector perform” rating to an “outperform” rating in a research report on Thursday, December 5th. Six investment analysts have rated the stock with a hold rating, two have given a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $72.42.

TotalEnergies Stock Down 1.0 %

TTE stock opened at $63.39 on Friday. The stock has a market capitalization of $151.99 billion, a PE ratio of 9.52, a price-to-earnings-growth ratio of 0.98 and a beta of 0.56. The company has a fifty day moving average of $60.36 and a 200-day moving average of $61.22. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.88 and a current ratio of 1.10. TotalEnergies SE has a one year low of $53.29 and a one year high of $74.97.

TotalEnergies (NYSE:TTE) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $1.90 EPS for the quarter, beating analysts’ consensus estimates of $1.74 by $0.16. TotalEnergies had a net margin of 7.34% and a return on equity of 15.22%. As a group, analysts expect that TotalEnergies SE will post 8.02 EPS for the current year.

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.