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

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

Other large investors have also recently made changes to their positions in the company. Franklin Resources Inc. raised 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 acquiring an additional 1,672,387 shares during the period. Federated Hermes Inc. boosted its stake in shares of TotalEnergies by 19.5% during the fourth quarter. Federated Hermes Inc. now owns 2,886,405 shares of the company's stock valued at $157,309,000 after purchasing an additional 471,291 shares during the period. Raymond James Financial Inc. purchased a new position in shares of TotalEnergies during the fourth quarter valued at $156,044,000. Envestnet Asset Management Inc. raised its holdings in TotalEnergies by 7.9% in the fourth quarter. Envestnet Asset Management Inc. now owns 2,648,481 shares of the company's stock worth $144,342,000 after purchasing an additional 192,858 shares in the last quarter. Finally, Equity Investment Corp increased its stake in TotalEnergies by 10.5% during the 4th quarter. Equity Investment Corp now owns 2,058,589 shares of the company's stock valued at $112,193,000 after purchasing an additional 196,277 shares in the last quarter. 16.53% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on TTE shares. Citigroup upgraded TotalEnergies from a "neutral" rating to a "buy" rating in a research report 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. Redburn Atlantic raised TotalEnergies from a "hold" rating to a "strong-buy" rating in a research report on Thursday, January 23rd. Morgan Stanley restated an "equal weight" rating and issued a $64.10 price target (down from $70.40) on shares of TotalEnergies in a research note on Tuesday, January 7th. Finally, Scotiabank lowered their price objective on shares of TotalEnergies from $65.00 to $60.00 and set a "sector perform" rating on the stock in a research report on Friday, April 11th. Five research analysts have rated the stock with a hold rating, four have assigned a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, TotalEnergies presently has a consensus rating of "Moderate Buy" and a consensus price target of $69.42.

TotalEnergies Stock Performance

Shares of TTE stock traded up $0.14 during trading on Tuesday, reaching $57.53. The company had a trading volume of 2,021,112 shares, compared to its average volume of 1,589,345. TotalEnergies SE has a one year low of $52.78 and a one year high of $74.43. The firm's 50 day simple moving average is $60.01 and its two-hundred day simple moving average is $59.32. 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 company has a market capitalization of $137.93 billion, a PE ratio of 8.64, a PEG ratio of 0.98 and a beta of 0.58.

TotalEnergies (NYSE:TTE - Get Free Report) last released its 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 net margin of 7.34% and a return on equity of 15.22%. The firm had revenue of $47.90 billion during the quarter, compared to analyst estimates of $41.23 billion. During the same period last year, the business posted $2.14 earnings per share. Sell-side analysts forecast 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.