Todd Asset Management LLC Raises Stock Holdings in TotalEnergies SE (NYSE:TTE)

Todd Asset Management LLC increased its position in shares of TotalEnergies SE (NYSE:TTE) by 1.2% during the fourth quarter, HoldingsChannel reports. The fund owned 1,178,840 shares of the company’s stock after buying an additional 13,503 shares during the quarter. TotalEnergies comprises about 1.5% of Todd Asset Management LLC’s portfolio, making the stock its 8th largest holding. Todd Asset Management LLC’s holdings in TotalEnergies were worth $64,247,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Franklin Resources Inc. increased its stake in shares of TotalEnergies by 62.7% in the third quarter. Franklin Resources Inc. now owns 4,012,961 shares of the company’s stock valued at $273,323,000 after buying an additional 1,546,866 shares during the period. Barclays PLC grew its stake in TotalEnergies by 266.5% during the third quarter. Barclays PLC now owns 674,154 shares of the company’s stock worth $43,564,000 after purchasing an additional 490,187 shares during the period. International Assets Investment Management LLC grew its stake in TotalEnergies by 6,367.4% during the third quarter. International Assets Investment Management LLC now owns 367,607 shares of the company’s stock worth $23,755,000 after purchasing an additional 361,923 shares during the period. FMR LLC grew its stake in TotalEnergies by 2.7% during the third quarter. FMR LLC now owns 12,445,228 shares of the company’s stock worth $804,211,000 after purchasing an additional 324,033 shares during the period. Finally, DRW Securities LLC grew its stake in TotalEnergies by 134.5% in the third quarter. DRW Securities LLC now owns 64,209 shares of the company’s stock valued at $4,149,000 after acquiring an additional 250,427 shares during the period. Institutional investors own 16.53% of the company’s stock.

TotalEnergies Price Performance

Shares of NYSE TTE opened at $60.68 on Tuesday. The stock has a market cap of $143.28 billion, a PE ratio of 9.11, a price-to-earnings-growth ratio of 0.98 and a beta of 0.61. TotalEnergies SE has a fifty-two week low of $53.29 and a fifty-two week high of $74.97. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.88 and a current ratio of 1.10. The stock has a fifty day moving average of $57.86 and a 200-day moving average of $62.08.

TotalEnergies (NYSE:TTE) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $1.90 earnings per share for the quarter, beating 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 research analysts anticipate that TotalEnergies SE will post 8.02 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on TTE shares. Royal Bank of Canada upgraded TotalEnergies from a “sector perform” rating to an “outperform” rating in a report on Thursday, December 5th. Piper Sandler dropped their price target on TotalEnergies from $77.00 to $62.00 and set a “neutral” rating on the stock in a report on Thursday, December 19th. Redburn Atlantic upgraded TotalEnergies from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 23rd. BNP Paribas lowered TotalEnergies from an “outperform” rating to a “neutral” rating in a report on Wednesday, November 27th. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $64.10 price target (down from $70.40) on shares of TotalEnergies in a report on Tuesday, January 7th. Six analysts have rated the stock with a hold rating, two have assigned a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, TotalEnergies currently has a consensus rating of “Moderate Buy” and an average target price of $72.42.

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.