TotalEnergies SE (NYSE:TTE) Holdings Lifted by NewEdge Advisors LLC

NewEdge Advisors LLC lifted its holdings in shares of TotalEnergies SE (NYSE:TTE - Free Report) by 22.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 46,477 shares of the company's stock after acquiring an additional 8,502 shares during the quarter. NewEdge Advisors LLC's holdings in TotalEnergies were worth $2,533,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the stock. Raymond James Financial Inc. bought a new stake in TotalEnergies during the 4th quarter valued at about $156,044,000. Franklin Resources Inc. lifted its holdings in TotalEnergies by 41.7% in the 4th quarter. Franklin Resources Inc. now owns 5,685,348 shares of the company's stock worth $309,851,000 after purchasing an additional 1,672,387 shares in the last quarter. Barclays PLC lifted its stake in 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 purchasing an additional 490,187 shares in the last quarter. Federated Hermes Inc. grew its holdings 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 increased 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 purchasing an additional 196,277 shares during the last quarter. 16.53% of the stock is currently owned by institutional investors.

TotalEnergies Trading Up 1.3 %

NYSE:TTE traded up $0.77 on Friday, reaching $60.05. The stock had a trading volume of 1,313,301 shares, compared to its average volume of 1,569,960. The firm's fifty day moving average is $60.39 and its two-hundred day moving average is $59.67. 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 cap of $143.97 billion, a price-to-earnings ratio of 9.02, a P/E/G 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 $74.66.

TotalEnergies (NYSE:TTE - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $1.90 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%. Equities analysts expect that TotalEnergies SE will post 8.02 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

TTE has been the topic of a number of recent analyst reports. Scotiabank reduced 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. Morgan Stanley reaffirmed an "equal weight" rating and issued a $64.10 price objective (down previously from $70.40) on shares of TotalEnergies in a research report on Tuesday, January 7th. BNP Paribas upgraded TotalEnergies from a "neutral" rating to an "outperform" rating in a research note on Tuesday, April 15th. Redburn Atlantic upgraded shares of TotalEnergies from a "hold" rating to a "strong-buy" rating in a report on Thursday, January 23rd. Finally, Citigroup upgraded TotalEnergies from a "neutral" rating to a "buy" rating in a research report on Wednesday, March 26th. Five analysts have rated the stock with a hold rating, four have issued a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $69.42.

TotalEnergies Company 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.