Stifel Financial Corp Acquires 40,614 Shares of TotalEnergies SE (NYSE:TTE)

Stifel Financial Corp lifted its stake in TotalEnergies SE (NYSE:TTE - Free Report) by 6.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 690,593 shares of the company's stock after purchasing an additional 40,614 shares during the period. Stifel Financial Corp's holdings in TotalEnergies were worth $37,639,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of TTE. Raymond James Financial Inc. bought a new stake in shares of TotalEnergies during the fourth quarter valued at approximately $156,044,000. Franklin Resources Inc. lifted its holdings in shares of 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 during the last quarter. Barclays PLC grew its stake in shares of TotalEnergies by 266.5% in the 3rd quarter. Barclays PLC now owns 674,154 shares of the company's stock worth $43,564,000 after buying an additional 490,187 shares during the last quarter. Federated Hermes Inc. increased its position in TotalEnergies by 19.5% during the 4th quarter. Federated Hermes Inc. now owns 2,886,405 shares of the company's stock valued at $157,309,000 after buying an additional 471,291 shares in the last quarter. Finally, Equity Investment Corp raised its stake in TotalEnergies by 10.5% during the fourth quarter. Equity Investment Corp now owns 2,058,589 shares of the company's stock valued at $112,193,000 after buying an additional 196,277 shares during the last quarter. Institutional investors own 16.53% of the company's stock.

TotalEnergies Stock Performance

Shares of TTE stock traded down $0.42 on Tuesday, reaching $59.66. The stock had a trading volume of 437,863 shares, compared to its average volume of 1,566,610. The stock has a market cap of $143.04 billion, a P/E ratio of 8.95, a price-to-earnings-growth ratio of 0.98 and a beta of 0.45. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.88 and a current ratio of 1.10. TotalEnergies SE has a 1 year low of $52.78 and a 1 year high of $74.66. The company has a 50 day simple moving average of $60.38 and a 200 day simple moving average of $59.61.

TotalEnergies (NYSE:TTE - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $1.90 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.74 by $0.16. TotalEnergies had a net margin of 7.34% and a return on equity of 15.22%. Equities research analysts expect that TotalEnergies SE will post 8.02 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. BNP Paribas raised TotalEnergies from a "neutral" rating to an "outperform" rating in a research note on Tuesday, April 15th. Citigroup upgraded shares of TotalEnergies from a "neutral" rating to a "buy" rating in a research note on Wednesday, March 26th. Redburn Atlantic upgraded shares of TotalEnergies from a "hold" rating to a "strong-buy" rating in a research note on Thursday, January 23rd. Scotiabank cut 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 restated an "equal weight" rating and issued a $64.10 price objective (down from $70.40) on shares of TotalEnergies in a report on Tuesday, January 7th. Five equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus 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.