Waverly Advisors LLC acquired a new stake in TotalEnergies SE (NYSE:TTE - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 10,540 shares of the company's stock, valued at approximately $574,000.
Other large investors have also made changes to their positions in the company. Bank of America Corp DE boosted its stake in TotalEnergies by 121.1% in the 4th quarter. Bank of America Corp DE now owns 7,648,225 shares of the company's stock worth $416,828,000 after purchasing an additional 4,189,652 shares during the period. Franklin Resources Inc. raised its holdings 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. Royal Bank of Canada raised its holdings in TotalEnergies by 10.0% in the 4th quarter. Royal Bank of Canada now owns 2,917,438 shares of the company's stock valued at $159,000,000 after acquiring an additional 265,251 shares during the period. Federated Hermes Inc. raised its holdings in TotalEnergies by 19.5% in the 4th quarter. Federated Hermes Inc. now owns 2,886,405 shares of the company's stock valued at $157,309,000 after acquiring an additional 471,291 shares during the period. Finally, Raymond James Financial Inc. bought a new position in TotalEnergies in the 4th quarter valued at about $156,044,000. Institutional investors own 16.53% of the company's stock.
TotalEnergies Trading Down 0.3%
TTE stock traded down $0.20 during midday trading on Friday, hitting $58.37. The stock had a trading volume of 397,745 shares, compared to its average volume of 1,626,765. TotalEnergies SE has a 1-year low of $52.78 and a 1-year high of $73.12. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.36. The firm has a market cap of $139.95 billion, a P/E ratio of 8.78, a price-to-earnings-growth ratio of 0.98 and a beta of 0.58. The business has a fifty day moving average price of $58.89 and a two-hundred day moving average price of $58.79.
TotalEnergies (NYSE:TTE - Get Free Report) last posted its quarterly earnings results 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). TotalEnergies had a net margin of 7.34% and a return on equity of 15.22%. The company had revenue of $47.90 billion during the quarter, compared to the consensus estimate of $41.23 billion. During the same period last year, the firm posted $2.14 earnings per share. On average, sell-side analysts predict that TotalEnergies SE will post 8.02 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Several research analysts have recently commented on the stock. HSBC reaffirmed a "buy" rating on shares of TotalEnergies in a report on Tuesday, May 13th. Piper Sandler boosted their target price on shares of TotalEnergies from $62.00 to $65.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 13th. Scotiabank decreased their target price on shares of TotalEnergies from $65.00 to $60.00 and set a "sector perform" rating on the stock in a research note on Friday, April 11th. Morgan Stanley upgraded shares of 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. Finally, BNP Paribas upgraded shares of 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 given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $69.36.
Check Out Our Latest Research Report on TotalEnergies
About TotalEnergies
(
Free Report)
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.
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