Focus Partners Wealth Purchases 12,947 Shares of TotalEnergies SE (NYSE:TTE)

Focus Partners Wealth raised its position in shares of TotalEnergies SE (NYSE:TTE - Free Report) by 80.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 29,035 shares of the company's stock after acquiring an additional 12,947 shares during the period. Focus Partners Wealth's holdings in TotalEnergies were worth $1,582,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in TTE. Barclays PLC grew its holdings in shares of TotalEnergies by 266.5% in the third quarter. Barclays PLC now owns 674,154 shares of the company's stock worth $43,564,000 after purchasing an additional 490,187 shares during the last quarter. Park Avenue Securities LLC grew its holdings in shares of TotalEnergies by 22.5% in the fourth quarter. Park Avenue Securities LLC now owns 33,230 shares of the company's stock worth $1,811,000 after purchasing an additional 6,114 shares during the last quarter. Cohen Investment Advisors LLC grew its holdings in shares of TotalEnergies by 3.9% in the fourth quarter. Cohen Investment Advisors LLC now owns 7,185 shares of the company's stock worth $392,000 after purchasing an additional 269 shares during the last quarter. Empirical Asset Management LLC bought a new position in shares of TotalEnergies in the fourth quarter worth about $3,740,000. Finally, Wedge Capital Management L L P NC grew its holdings in shares of TotalEnergies by 9.8% in the fourth quarter. Wedge Capital Management L L P NC now owns 351,000 shares of the company's stock worth $19,130,000 after purchasing an additional 31,194 shares during the last quarter. 16.53% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on TTE shares. Dbs Bank upgraded shares of TotalEnergies from a "hold" rating to a "buy" rating in a report on Wednesday, May 7th. HSBC reaffirmed a "buy" rating on shares of TotalEnergies in a research note on Tuesday. Citigroup raised shares of TotalEnergies from a "neutral" rating to a "buy" rating in a research note on Wednesday, March 26th. BNP Paribas raised shares of TotalEnergies from a "neutral" rating to an "outperform" rating in a research note on Tuesday, April 15th. Finally, Scotiabank decreased 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. Four 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 company. 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 Performance

Shares of TotalEnergies stock opened at $59.66 on Friday. The firm has a market capitalization of $143.06 billion, a P/E ratio of 8.96, a PEG ratio of 0.98 and a beta of 0.58. 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 has a 50 day moving average price of $59.70 and a 200 day moving average price of $59.03. TotalEnergies SE has a 52 week low of $52.78 and a 52 week high of $73.31.

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

TotalEnergies Company 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.

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