Northern Trust Corp Purchases 524,314 Shares of TotalEnergies SE (NYSE:TTE)

Northern Trust Corp grew its holdings in TotalEnergies SE (NYSE:TTE - Free Report) by 41.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,783,017 shares of the company's stock after acquiring an additional 524,314 shares during the quarter. Northern Trust Corp owned 0.08% of TotalEnergies worth $97,174,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of TTE. Clear Creek Financial Management LLC acquired a new stake in TotalEnergies in the 4th quarter worth $345,000. 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 worth $309,851,000 after buying an additional 1,672,387 shares in the last quarter. CWA Asset Management Group LLC increased its stake in TotalEnergies by 85.1% during the fourth quarter. CWA Asset Management Group LLC now owns 23,571 shares of the company's stock valued at $1,285,000 after acquiring an additional 10,835 shares during the period. Barclays PLC raised its holdings in TotalEnergies by 266.5% in 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 in the last quarter. Finally, Merit Financial Group LLC bought a new stake in shares of TotalEnergies in the 4th quarter worth approximately $412,000. Institutional investors and hedge funds own 16.53% of the company's stock.

TotalEnergies Trading Up 1.8 %

Shares of TTE traded up $1.06 during trading hours on Friday, hitting $58.46. 777,560 shares of the stock traded hands, compared to its average volume of 1,588,655. The business has a fifty day moving average of $59.90 and a 200-day moving average of $59.26. 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 capitalization of $140.17 billion, a PE ratio of 8.78, a price-to-earnings-growth ratio of 0.98 and a beta of 0.58. TotalEnergies SE has a 1-year low of $52.78 and a 1-year high of $74.43.

TotalEnergies (NYSE:TTE - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $1.83 EPS for the quarter, missing the consensus estimate of $1.88 by ($0.05). TotalEnergies had a return on equity of 15.22% and a net margin of 7.34%. The business had revenue of $47.90 billion for the quarter, compared to analyst estimates of $41.23 billion. During the same quarter in the prior year, the firm earned $2.14 EPS. Analysts expect that TotalEnergies SE will post 8.02 EPS for the current year.

Wall Street Analyst Weigh In

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

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.