Horizon Investments LLC Purchases 237 Shares of TotalEnergies SE (NYSE:TTE)

Horizon Investments LLC raised its position in shares of TotalEnergies SE (NYSE:TTE) by 2.3% in the fourth quarter, Holdings Channel reports. The firm owned 10,652 shares of the company’s stock after acquiring an additional 237 shares during the quarter. Horizon Investments LLC’s holdings in TotalEnergies were worth $581,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. FSA Wealth Management LLC bought a new stake in shares of TotalEnergies in the third quarter worth approximately $26,000. Continuum Advisory LLC grew its stake in shares of TotalEnergies by 70.4% in the third quarter. Continuum Advisory LLC now owns 443 shares of the company’s stock worth $27,000 after acquiring an additional 183 shares during the period. Asset Planning Inc bought a new stake in shares of TotalEnergies in the fourth quarter worth approximately $31,000. HHM Wealth Advisors LLC grew its stake in shares of 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. Finally, Versant Capital Management Inc bought a new stake in shares of TotalEnergies in the fourth quarter worth approximately $45,000. 16.53% of the stock is currently owned by institutional investors.

TotalEnergies Price Performance

Shares of NYSE:TTE opened at $64.02 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.10 and a quick ratio of 0.88. TotalEnergies SE has a 1-year low of $53.29 and a 1-year high of $74.97. The company has a market capitalization of $153.49 billion, a P/E ratio of 9.61, a P/E/G ratio of 0.98 and a beta of 0.56. The firm’s 50 day simple moving average is $60.23 and its two-hundred day simple moving average is $61.26.

TotalEnergies (NYSE:TTE) last issued 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 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.

Analyst Upgrades and Downgrades

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

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.