5,488 Shares in TotalEnergies SE (NYSE:TTE) Bought by Scotia Capital Inc.

Scotia Capital Inc. purchased a new stake in shares of TotalEnergies SE (NYSE:TTE) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 5,488 shares of the company’s stock, valued at approximately $299,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Franklin Resources Inc. raised its position in shares of 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 acquiring an additional 1,672,387 shares in the last quarter. Federated Hermes Inc. lifted its position in TotalEnergies by 19.5% during the fourth 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 during the period. Raymond James Financial Inc. bought a new stake in shares of TotalEnergies during the 4th quarter valued at $156,044,000. Envestnet Asset Management Inc. grew its position in shares of TotalEnergies by 7.9% in the 4th 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 period. Finally, Equity Investment Corp increased its stake in shares of TotalEnergies by 10.5% in the 4th 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 in the last quarter. Hedge funds and other institutional investors own 16.53% of the company’s stock.

Wall Street Analysts Forecast Growth

TTE has been the topic of a number of recent research reports. Citigroup upgraded shares of TotalEnergies from a “neutral” rating to a “buy” rating in a report on Wednesday, March 26th. Redburn Atlantic raised TotalEnergies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 23rd. Morgan Stanley reissued an “equal weight” rating and issued a $64.10 target price (down from $70.40) on shares of TotalEnergies in a report on Tuesday, January 7th. Piper Sandler reduced their price target on TotalEnergies from $77.00 to $62.00 and set a “neutral” rating for the company in a report on Thursday, December 19th. Finally, Scotiabank dropped their price target on shares of TotalEnergies from $65.00 to $60.00 and set a “sector perform” rating on the stock in a research note on Friday. Six research analysts have rated the stock with a hold rating, three have given a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $69.42.

TotalEnergies Price Performance

NYSE TTE opened at $56.80 on Tuesday. 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 company has a market capitalization of $136.19 billion, a price-to-earnings ratio of 8.53, a PEG ratio of 0.98 and a beta of 0.45. The stock has a 50-day moving average of $60.84 and a 200 day moving average of $60.24. TotalEnergies SE has a one year low of $52.78 and a one year high of $74.97.

TotalEnergies (NYSE:TTE) last released its quarterly earnings data 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%. On average, sell-side analysts forecast that TotalEnergies SE will post 8.02 EPS for the current year.

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.