Teachers Retirement System of The State of Kentucky Acquires 26,180 Shares of TotalEnergies SE (NYSE:TTE)

Teachers Retirement System of The State of Kentucky boosted its position in shares of TotalEnergies SE (NYSE:TTE - Free Report) by 3.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 751,650 shares of the company's stock after acquiring an additional 26,180 shares during the quarter. Teachers Retirement System of The State of Kentucky's holdings in TotalEnergies were worth $40,965,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of TTE. Asset Planning Inc bought a new position in shares of TotalEnergies in the 4th quarter worth approximately $31,000. Bernard Wealth Management Corp. purchased a new stake in TotalEnergies during the fourth quarter valued at approximately $32,000. HHM Wealth Advisors LLC raised its position in TotalEnergies by 156.3% in the fourth quarter. HHM Wealth Advisors LLC now owns 656 shares of the company's stock worth $36,000 after acquiring an additional 400 shares during the period. Versant Capital Management Inc purchased a new position in shares of TotalEnergies during the 4th quarter worth $45,000. Finally, Stonebridge Financial Group LLC bought a new stake in shares of TotalEnergies during the 4th quarter valued at $49,000. 16.53% of the stock is owned by hedge funds and other institutional investors.

TotalEnergies Price Performance

NYSE TTE traded up $0.76 on Friday, reaching $60.04. The company had a trading volume of 976,421 shares, compared to its average volume of 1,572,275. The stock has a market capitalization of $143.96 billion, a PE ratio of 9.02, a price-to-earnings-growth ratio of 0.98 and a beta of 0.45. TotalEnergies SE has a 12 month low of $52.78 and a 12 month high of $74.97. 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 firm's 50 day moving average price is $60.43 and its 200 day moving average price is $59.84.

TotalEnergies (NYSE:TTE - Get Free Report) last issued its earnings results on Wednesday, February 5th. The company reported $1.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.74 by $0.16. TotalEnergies had a return on equity of 15.22% and a net margin of 7.34%. As a group, equities analysts predict that TotalEnergies SE will post 8.02 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts recently commented on TTE shares. Citigroup raised TotalEnergies from a "neutral" rating to a "buy" rating in a report on Wednesday, March 26th. BNP Paribas raised TotalEnergies from a "neutral" rating to an "outperform" rating in a research report on Tuesday, April 15th. Redburn Atlantic raised shares of TotalEnergies from a "hold" rating to a "strong-buy" rating in a report on Thursday, January 23rd. Scotiabank lowered their price target on shares of TotalEnergies from $65.00 to $60.00 and set a "sector perform" rating on the stock in a report on Friday, April 11th. Finally, Morgan Stanley reissued an "equal weight" rating and issued a $64.10 price objective (down from $70.40) on shares of TotalEnergies in a research note on Tuesday, January 7th. Five research analysts have rated the stock with a hold rating, four have given a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus 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.