TotalEnergies SE (NYSE:TTE) Shares Purchased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lifted its position in TotalEnergies SE (NYSE:TTE) by 9.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,070 shares of the company’s stock after acquiring an additional 3,173 shares during the period. Allspring Global Investments Holdings LLC’s holdings in TotalEnergies were worth $2,430,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. RFG Advisory LLC acquired a new position in TotalEnergies during the fourth quarter worth $533,000. International Assets Investment Management LLC boosted its stake in TotalEnergies by 6,549.9% during the fourth quarter. International Assets Investment Management LLC now owns 503,396 shares of the company’s stock worth $33,919,000 after buying an additional 495,826 shares during the last quarter. Bleakley Financial Group LLC boosted its stake in TotalEnergies by 7.8% during the fourth quarter. Bleakley Financial Group LLC now owns 59,616 shares of the company’s stock worth $4,017,000 after buying an additional 4,337 shares during the last quarter. Joel Isaacson & Co. LLC acquired a new position in TotalEnergies during the fourth quarter worth $292,000. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake in TotalEnergies by 5.9% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 126,453 shares of the company’s stock worth $8,520,000 after buying an additional 7,062 shares during the last quarter. 13.22% of the stock is owned by institutional investors and hedge funds.

Insider Activity at TotalEnergies

In other news, Director Se Totalenergies acquired 196,964 shares of the business’s stock in a transaction that occurred on Thursday, March 28th. The shares were purchased at an average price of $22.86 per share, for a total transaction of $4,502,597.04. Following the acquisition, the director now owns 295,235 shares of the company’s stock, valued at $6,749,072.10. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on TTE shares. Piper Sandler boosted their price objective on TotalEnergies from $75.00 to $79.00 and gave the stock a “neutral” rating in a research note on Thursday. Scotiabank lifted their target price on TotalEnergies from $74.00 to $86.00 and gave the company a “sector perform” rating in a research report on Thursday, April 11th. Six equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, TotalEnergies currently has a consensus rating of “Hold” and an average target price of $70.75.

TotalEnergies Price Performance

NYSE:TTE opened at $72.05 on Monday. TotalEnergies SE has a 52 week low of $54.94 and a 52 week high of $74.06. The company has a quick ratio of 0.90, a current ratio of 1.12 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $169.44 billion, a P/E ratio of 8.31, a P/E/G ratio of 1.73 and a beta of 0.72. The stock’s fifty day moving average is $67.87 and its two-hundred day moving average is $66.87.

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

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.