Mercer Global Advisors Inc. ADV Acquires Shares of 91,923 TotalEnergies SE (NYSE:TTE)

Mercer Global Advisors Inc. ADV bought a new stake in shares of TotalEnergies SE (NYSE:TTE - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 91,923 shares of the company's stock, valued at approximately $5,010,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Clear Creek Financial Management LLC purchased a new position in shares of TotalEnergies during the 4th quarter valued at about $345,000. Franklin Resources Inc. lifted its holdings in TotalEnergies by 41.7% during the fourth 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 in the last quarter. CWA Asset Management Group LLC boosted its position in shares of TotalEnergies by 85.1% in the fourth quarter. CWA Asset Management Group LLC now owns 23,571 shares of the company's stock worth $1,285,000 after purchasing an additional 10,835 shares during the period. Barclays PLC increased its stake 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 in the last quarter. Finally, Merit Financial Group LLC bought a new stake in shares of TotalEnergies during the 4th quarter valued at $412,000. 16.53% of the stock is owned by hedge funds and other institutional investors.

TotalEnergies Price Performance

Shares of NYSE TTE traded up $1.27 during midday trading on Friday, reaching $58.67. 1,619,123 shares of the stock traded hands, compared to its average volume of 1,597,940. The company's 50 day moving average is $59.88 and its 200 day moving average is $59.18. TotalEnergies SE has a one year low of $52.78 and a one year high of $74.43. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.10 and a quick ratio of 0.88. The stock has a market capitalization of $140.67 billion, a PE ratio of 8.81, a P/E/G ratio of 0.98 and a beta of 0.58.

TotalEnergies (NYSE:TTE - Get Free Report) last released its quarterly earnings results 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). TotalEnergies had a net margin of 7.34% and a return on equity of 15.22%. The business had revenue of $47.90 billion for the quarter, compared to analysts' expectations of $41.23 billion. During the same period in the previous year, the company earned $2.14 EPS. On average, equities research analysts anticipate that TotalEnergies SE will post 8.02 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Scotiabank dropped their target price on shares of TotalEnergies from $65.00 to $60.00 and set a "sector perform" rating for the company in a report on Friday, April 11th. Dbs Bank raised TotalEnergies from a "hold" rating to a "buy" rating in a research note on Wednesday. Redburn Atlantic raised TotalEnergies from a "hold" rating to a "strong-buy" rating in a research note on Thursday, January 23rd. Citigroup raised TotalEnergies from a "neutral" rating to a "buy" rating in a report on Wednesday, March 26th. Finally, BNP Paribas upgraded shares of TotalEnergies from a "neutral" rating to an "outperform" rating in a research report on Tuesday, April 15th. Five analysts have rated the stock with a hold rating, five have assigned a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, TotalEnergies currently has an average rating of "Moderate Buy" and an average price target of $69.42.

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.