Alyeska Investment Group L.P. Increases Holdings in TotalEnergies SE (NYSE:TTE)

Alyeska Investment Group L.P. lifted its holdings in TotalEnergies SE (NYSE:TTE - Free Report) by 29.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 322,224 shares of the company's stock after acquiring an additional 73,481 shares during the period. Alyeska Investment Group L.P.'s holdings in TotalEnergies were worth $17,561,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of TTE. Barclays PLC increased its stake in TotalEnergies by 266.5% during the 3rd quarter. Barclays PLC now owns 674,154 shares of the company's stock valued at $43,564,000 after purchasing an additional 490,187 shares in the last quarter. World Investment Advisors LLC lifted its position in TotalEnergies by 51.6% in the 3rd quarter. World Investment Advisors LLC now owns 4,558 shares of the company's stock valued at $295,000 after acquiring an additional 1,552 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in TotalEnergies during the 3rd quarter valued at about $303,000. Franklin Resources Inc. increased its holdings in TotalEnergies by 62.7% during the 3rd quarter. Franklin Resources Inc. now owns 4,012,961 shares of the company's stock worth $273,323,000 after purchasing an additional 1,546,866 shares in the last quarter. Finally, Versant Capital Management Inc purchased a new stake in shares of TotalEnergies in the fourth quarter worth approximately $45,000. 16.53% of the stock is currently owned by institutional investors.

TotalEnergies Price Performance

Shares of TTE stock traded up $0.11 during trading on Thursday, hitting $57.36. The company had a trading volume of 1,184,157 shares, compared to its average volume of 1,591,611. TotalEnergies SE has a 52 week low of $52.78 and a 52 week high of $74.43. The stock has a market capitalization of $137.53 billion, a price-to-earnings ratio of 8.61, a price-to-earnings-growth ratio of 0.98 and a beta of 0.58. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.36. The stock's 50-day moving average is $59.95 and its two-hundred day moving average is $59.31.

TotalEnergies (NYSE:TTE - Get Free Report) last released its earnings results on Wednesday, April 30th. The company reported $1.83 EPS for the quarter, missing analysts' consensus estimates of $1.88 by ($0.05). TotalEnergies had a net margin of 7.34% and a return on equity of 15.22%. The firm had revenue of $47.90 billion during the quarter, compared to the consensus estimate of $41.23 billion. During the same period in the prior year, the company earned $2.14 EPS. As a group, analysts predict that TotalEnergies SE will post 8.02 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Redburn Atlantic raised shares of TotalEnergies from a "hold" rating to a "strong-buy" rating in a research report on Thursday, January 23rd. Dbs Bank upgraded TotalEnergies to a "buy" rating in a research note on Wednesday. Citigroup raised TotalEnergies from a "neutral" rating to a "buy" rating in a research report on Wednesday, March 26th. Scotiabank cut their price objective on TotalEnergies from $65.00 to $60.00 and set a "sector perform" rating on the stock in a research report on Friday, April 11th. Finally, BNP Paribas raised TotalEnergies from a "neutral" rating to an "outperform" rating in a research report on Tuesday, April 15th. Five investment analysts have rated the stock with a hold rating, five have given a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, TotalEnergies currently has an average rating of "Moderate Buy" and a consensus price target of $69.42.

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.