Mercer Global Advisors Inc. ADV Invests $5.01 Million in TotalEnergies SE (NYSE:TTE)

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

A number of other institutional investors have also recently modified their holdings of TTE. Raymond James Financial Inc. bought a new position in TotalEnergies in the 4th quarter valued at approximately $156,044,000. Franklin Resources Inc. grew its position 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 buying an additional 1,672,387 shares during the period. Northern Trust Corp boosted its stake in shares of TotalEnergies by 41.7% during the 4th quarter. Northern Trust Corp now owns 1,783,017 shares of the company's stock worth $97,174,000 after acquiring an additional 524,314 shares during the last quarter. Barclays PLC grew its position in shares of TotalEnergies by 266.5% during the 3rd quarter. Barclays PLC now owns 674,154 shares of the company's stock valued at $43,564,000 after acquiring an additional 490,187 shares during the period. Finally, Federated Hermes Inc. increased its stake in shares of TotalEnergies by 19.5% in the 4th quarter. Federated Hermes Inc. now owns 2,886,405 shares of the company's stock worth $157,309,000 after purchasing an additional 471,291 shares in the last quarter. 16.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

TotalEnergies Price Performance

NYSE TTE traded up $1.27 during trading on Friday, hitting $58.67. 1,619,120 shares of the stock traded hands, compared to its average volume of 1,591,720. The company has a market capitalization of $140.67 billion, a P/E ratio of 8.81, a price-to-earnings-growth ratio of 0.98 and a beta of 0.58. TotalEnergies SE has a 12-month low of $52.78 and a 12-month high of $74.43. The firm has a 50-day simple moving average of $59.90 and a 200-day simple moving average of $59.26. 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 (NYSE:TTE - Get Free Report) last issued 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). TotalEnergies had a net margin of 7.34% and a return on equity of 15.22%. The company had revenue of $47.90 billion for the quarter, compared to analysts' expectations of $41.23 billion. During the same quarter last year, the company earned $2.14 earnings per share. As a group, analysts predict that TotalEnergies SE will post 8.02 EPS for the current year.

About TotalEnergies

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.