99,544 Shares in TotalEnergies SE (NYSE:TTE) Purchased by First Trust Advisors LP

First Trust Advisors LP acquired a new position in TotalEnergies SE (NYSE:TTE - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 99,544 shares of the company's stock, valued at approximately $5,425,000.

Several other large investors have also recently modified their holdings of the company. Forum Financial Management LP increased its position in TotalEnergies by 35.9% during 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 in the last quarter. Cadence Bank increased its holdings in shares of TotalEnergies by 2.0% during the fourth quarter. Cadence Bank now owns 109,471 shares of the company's stock valued at $5,966,000 after acquiring an additional 2,095 shares in the last quarter. NewEdge Advisors LLC raised its position in shares of TotalEnergies by 22.4% in the 4th quarter. NewEdge Advisors LLC now owns 46,477 shares of the company's stock valued at $2,533,000 after purchasing an additional 8,502 shares during the last quarter. Evergreen Capital Management LLC boosted its stake in TotalEnergies by 4.3% in the 4th quarter. Evergreen Capital Management LLC now owns 44,601 shares of the company's stock worth $2,468,000 after purchasing an additional 1,859 shares in the last quarter. Finally, Mariner LLC grew its position in TotalEnergies by 10.0% during the 4th quarter. Mariner LLC now owns 162,738 shares of the company's stock worth $8,869,000 after purchasing an additional 14,750 shares during the last quarter. Institutional investors own 16.53% of the company's stock.

Analyst Upgrades and Downgrades

TTE has been the topic of a number of research analyst reports. BNP Paribas raised shares of TotalEnergies from a "neutral" rating to an "outperform" rating in a report on Tuesday, April 15th. Citigroup upgraded TotalEnergies from a "neutral" rating to a "buy" rating in a research note on Wednesday, March 26th. Redburn Atlantic upgraded TotalEnergies from a "hold" rating to a "strong-buy" rating in a research note on Thursday, January 23rd. Morgan Stanley reiterated an "equal weight" rating and issued a $64.10 target price (down previously from $70.40) on shares of TotalEnergies in a research report on Tuesday, January 7th. Finally, Scotiabank reduced their price target on shares of TotalEnergies from $65.00 to $60.00 and set a "sector perform" rating for the company in a research report on Friday, April 11th. Five equities research analysts have rated the stock with a hold rating, four have issued a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, TotalEnergies presently has a consensus rating of "Moderate Buy" and a consensus price target of $69.42.

TotalEnergies Price Performance

Shares of TTE stock traded up $0.47 during mid-day trading on Tuesday, hitting $57.86. 166,204 shares of the stock were exchanged, compared to its average volume of 1,580,197. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.36. TotalEnergies SE has a 52-week low of $52.78 and a 52-week high of $74.43. The firm has a fifty day moving average of $60.06 and a 200 day moving average of $59.34. The company has a market cap of $138.72 billion, a PE ratio of 8.70, a price-to-earnings-growth 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 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 business had revenue of $47.90 billion during the quarter, compared to analysts' expectations of $41.23 billion. During the same quarter last year, the firm earned $2.14 earnings per share. Research analysts anticipate that TotalEnergies SE will post 8.02 earnings per share for the current 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.