Jefferies Financial Group Inc. Makes New Investment in TotalEnergies SE (NYSE:TTE)

Jefferies Financial Group Inc. bought a new stake in shares of TotalEnergies SE (NYSE:TTE - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,714 shares of the company's stock, valued at approximately $257,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in TTE. Bank of America Corp DE boosted its position in TotalEnergies by 121.1% during the fourth quarter. Bank of America Corp DE now owns 7,648,225 shares of the company's stock valued at $416,828,000 after acquiring an additional 4,189,652 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of TotalEnergies in the 4th quarter valued at about $156,044,000. Franklin Resources Inc. lifted its stake in shares of TotalEnergies by 41.7% in the 4th quarter. Franklin Resources Inc. now owns 5,685,348 shares of the company's stock valued at $309,851,000 after purchasing an additional 1,672,387 shares during the period. Northern Trust Corp boosted its position in shares of TotalEnergies by 41.7% during the 4th quarter. Northern Trust Corp now owns 1,783,017 shares of the company's stock valued at $97,174,000 after purchasing an additional 524,314 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its stake in TotalEnergies by 295.3% during the fourth quarter. BNP Paribas Financial Markets now owns 689,494 shares of the company's stock worth $37,577,000 after purchasing an additional 515,088 shares during the period. Institutional investors and hedge funds own 16.53% of the company's stock.

Wall Street Analysts Forecast Growth

TTE has been the topic of a number of research reports. Citigroup upgraded shares of TotalEnergies from a "neutral" rating to a "buy" rating in a research report on Wednesday, March 26th. Morgan Stanley upgraded TotalEnergies from an "equal weight" rating to an "overweight" rating and set a $60.80 price target on the stock in a report on Monday, May 12th. Scotiabank reduced their price objective on TotalEnergies from $65.00 to $60.00 and set a "sector perform" rating for the company in a research note on Friday, April 11th. HSBC reaffirmed a "buy" rating on shares of TotalEnergies in a research report on Tuesday, May 13th. Finally, BNP Paribas upgraded TotalEnergies from a "neutral" rating to an "outperform" rating in a report on Tuesday, April 15th. Four equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $69.36.

TotalEnergies Stock Up 3.1%

NYSE TTE traded up $1.80 on Monday, reaching $60.48. The company had a trading volume of 1,535,466 shares, compared to its average volume of 1,631,177. 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 company's fifty day moving average is $58.80 and its 200 day moving average is $58.76. TotalEnergies SE has a 52-week low of $52.78 and a 52-week high of $72.46. The stock has a market capitalization of $145.02 billion, a P/E ratio of 9.08, a P/E/G ratio of 0.98 and a beta of 0.58.

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