Forum Financial Management LP Increases Stock Holdings in TotalEnergies SE (NYSE:TTE)

Forum Financial Management LP increased its position in TotalEnergies SE (NYSE:TTE - Free Report) by 35.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 82,033 shares of the company's stock after buying an additional 21,691 shares during the period. Forum Financial Management LP's holdings in TotalEnergies were worth $4,471,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Franklin Resources Inc. lifted its holdings in shares of TotalEnergies by 41.7% in 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 in the last quarter. Federated Hermes Inc. boosted its holdings 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 buying an additional 471,291 shares during the last quarter. Raymond James Financial Inc. bought a new position in TotalEnergies during the fourth quarter valued at about $156,044,000. Envestnet Asset Management Inc. increased its holdings in TotalEnergies by 7.9% during the fourth quarter. Envestnet Asset Management Inc. now owns 2,648,481 shares of the company's stock worth $144,342,000 after buying an additional 192,858 shares during the last quarter. Finally, Equity Investment Corp raised its position in TotalEnergies by 10.5% in the fourth quarter. Equity Investment Corp now owns 2,058,589 shares of the company's stock worth $112,193,000 after acquiring an additional 196,277 shares during the period. 16.53% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Scotiabank lowered their target price on TotalEnergies from $65.00 to $60.00 and set a "sector perform" rating on the stock in a research note on Friday, April 11th. BNP Paribas raised TotalEnergies from a "neutral" rating to an "outperform" rating in a report on Tuesday, April 15th. Morgan Stanley reissued an "equal weight" rating and issued a $64.10 price target (down from $70.40) on shares of TotalEnergies in a report on Tuesday, January 7th. Citigroup raised TotalEnergies from a "neutral" rating to a "buy" rating in a research note on Wednesday, March 26th. Finally, Redburn Atlantic upgraded TotalEnergies from a "hold" rating to a "strong-buy" rating in a research report on Thursday, January 23rd. Five research analysts have rated the stock with a hold rating, four have assigned a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $69.42.

TotalEnergies Trading Down 1.0 %

NYSE:TTE traded down $0.57 during trading hours on Wednesday, reaching $58.82. The company's stock had a trading volume of 983,073 shares, compared to its average volume of 1,570,084. The firm has a 50-day simple moving average of $60.52 and a 200-day simple moving average of $59.92. 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 $74.97. The firm has a market capitalization of $141.03 billion, a price-to-earnings ratio of 8.83, a PEG ratio of 0.98 and a beta of 0.45.

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 net margin of 7.34% and a return on equity of 15.22%. Research analysts expect that TotalEnergies SE will post 8.02 EPS for the current fiscal 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.