TotalEnergies SE (NYSE:TTE) Shares Bought by Mackenzie Financial Corp

Mackenzie Financial Corp lifted its stake in TotalEnergies SE (NYSE:TTE - Free Report) by 15.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,279,622 shares of the company's stock after purchasing an additional 174,889 shares during the period. Mackenzie Financial Corp owned about 0.05% of TotalEnergies worth $69,739,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Forum Financial Management LP boosted its stake in shares of TotalEnergies by 35.9% in the 4th quarter. Forum Financial Management LP now owns 82,033 shares of the company's stock valued at $4,471,000 after buying an additional 21,691 shares during the period. Parr Mcknight Wealth Management Group LLC purchased a new position in TotalEnergies in the fourth quarter worth approximately $1,094,000. Pacific Point Advisors LLC purchased a new position in TotalEnergies in the fourth quarter worth approximately $324,000. GTS Securities LLC grew its holdings in TotalEnergies by 186.4% during the 4th quarter. GTS Securities LLC now owns 9,862 shares of the company's stock worth $537,000 after acquiring an additional 6,418 shares in the last quarter. Finally, CSS LLC IL raised its holdings in shares of TotalEnergies by 162.4% in the 4th quarter. CSS LLC IL now owns 40,175 shares of the company's stock valued at $2,190,000 after purchasing an additional 24,866 shares in the last quarter. 16.53% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Piper Sandler increased their target price on TotalEnergies from $62.00 to $65.00 and gave the company a "neutral" rating in a report on Tuesday, May 13th. Citigroup upgraded shares of TotalEnergies from a "neutral" rating to a "buy" rating in a research note on Wednesday, March 26th. Dbs Bank upgraded shares of TotalEnergies from a "hold" rating to a "buy" rating in a research note on Wednesday, May 7th. HSBC reaffirmed a "buy" rating on shares of TotalEnergies in a report on Tuesday, May 13th. Finally, Morgan Stanley raised TotalEnergies from an "equal weight" rating to an "overweight" rating and set a $60.80 target price for the company in a research report on Monday, May 12th. Four equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, TotalEnergies presently has a consensus rating of "Moderate Buy" and a consensus price target of $69.36.

TotalEnergies Stock Up 0.4%

Shares of TTE stock traded up $0.24 on Thursday, hitting $58.53. The stock had a trading volume of 1,720,832 shares, compared to its average volume of 1,628,000. The stock's 50 day moving average is $58.98 and its 200-day moving average is $58.81. The firm has a market capitalization of $140.32 billion, a price-to-earnings ratio of 8.79, a P/E/G ratio of 0.98 and a beta of 0.58. TotalEnergies SE has a 52-week low of $52.78 and a 52-week high of $73.12. 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 (NYSE:TTE - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $47.90 billion for 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 quarter in the prior year, the firm earned $2.14 earnings per share. As a group, research analysts expect that TotalEnergies SE will post 8.02 earnings per share for the current year.

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.