Royal Bank of Canada Grows Stock Holdings in TotalEnergies SE (NYSE:TTE)

Royal Bank of Canada lifted its holdings in TotalEnergies SE (NYSE:TTE - Free Report) by 10.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,917,438 shares of the company's stock after acquiring an additional 265,251 shares during the period. Royal Bank of Canada owned 0.12% of TotalEnergies worth $159,000,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in TTE. Bank of America Corp DE lifted its stake in shares of TotalEnergies by 121.1% in the 4th quarter. Bank of America Corp DE now owns 7,648,225 shares of the company's stock valued at $416,828,000 after purchasing an additional 4,189,652 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of TotalEnergies during the 4th quarter valued at approximately $156,044,000. Franklin Resources Inc. raised its holdings in TotalEnergies by 41.7% during the 4th quarter. Franklin Resources Inc. now owns 5,685,348 shares of the company's stock valued at $309,851,000 after buying an additional 1,672,387 shares during the period. Northern Trust Corp lifted its position in TotalEnergies by 41.7% in the fourth quarter. Northern Trust Corp now owns 1,783,017 shares of the company's stock worth $97,174,000 after buying an additional 524,314 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted 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 buying an additional 515,088 shares during the period. Institutional investors own 16.53% of the company's stock.

Analysts Set New Price Targets

TTE has been the topic of several recent analyst reports. Piper Sandler increased their target price on shares of TotalEnergies from $62.00 to $65.00 and gave the company a "neutral" rating in a research note on Tuesday, May 13th. BNP Paribas raised shares of TotalEnergies from a "neutral" rating to an "outperform" rating in a research report on Tuesday, April 15th. Citigroup raised shares of TotalEnergies from a "neutral" rating to a "buy" rating in a research note on Wednesday, March 26th. HSBC restated a "buy" rating on shares of TotalEnergies in a research report on Tuesday, May 13th. Finally, Scotiabank reduced their price target on TotalEnergies from $65.00 to $60.00 and set a "sector perform" rating on the stock in a report on Friday, April 11th. Four investment analysts have rated the stock with a hold rating, seven have given a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $69.36.

TotalEnergies Stock Down 1.2%

NYSE TTE traded down $0.71 on Thursday, reaching $58.12. 2,199,405 shares of the stock traded hands, compared to its average volume of 1,620,436. TotalEnergies SE has a 12 month low of $52.78 and a 12 month high of $73.12. The company has a market cap of $139.35 billion, a price-to-earnings ratio of 8.73, a PEG ratio of 0.98 and a beta of 0.58. The company has a fifty day moving average price of $59.53 and a 200-day moving average price of $58.95. 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 released its quarterly earnings data on Wednesday, April 30th. The company reported $1.83 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.88 by ($0.05). The business had revenue of $47.90 billion for the quarter, compared to the consensus estimate of $41.23 billion. TotalEnergies had a net margin of 7.34% and a return on equity of 15.22%. During the same quarter in the prior year, the business posted $2.14 earnings per share. As a group, research analysts forecast that TotalEnergies SE will post 8.02 EPS 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.