Advisory Services Network LLC Purchases 1,081 Shares of TotalEnergies SE (NYSE:TTE)

Advisory Services Network LLC raised its holdings in TotalEnergies SE (NYSE:TTE) by 12.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 9,809 shares of the company’s stock after buying an additional 1,081 shares during the quarter. Advisory Services Network LLC’s holdings in TotalEnergies were worth $535,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Asset Planning Inc bought a new stake in TotalEnergies in the 4th quarter worth about $31,000. Bernard Wealth Management Corp. bought a new position in TotalEnergies during the fourth quarter worth about $32,000. HHM Wealth Advisors LLC grew its position in shares of TotalEnergies by 156.3% in the fourth quarter. HHM Wealth Advisors LLC now owns 656 shares of the company’s stock valued at $36,000 after purchasing an additional 400 shares in the last quarter. Versant Capital Management Inc bought a new position in shares of TotalEnergies in the fourth quarter valued at approximately $45,000. Finally, Stonebridge Financial Group LLC purchased a new stake in TotalEnergies in the 4th quarter worth approximately $49,000. Institutional investors own 16.53% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Piper Sandler dropped 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. Redburn Atlantic upgraded TotalEnergies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 23rd. Morgan Stanley reiterated an “equal weight” rating and set a $64.10 price target (down from $70.40) on shares of TotalEnergies in a research report on Tuesday, January 7th. Scotiabank decreased their target price 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. Finally, BNP Paribas upgraded shares of TotalEnergies from a “neutral” rating to an “outperform” rating in a research report on Tuesday. Five equities research analysts have rated the stock with a hold rating, four have issued a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $69.42.

TotalEnergies Stock Performance

NYSE:TTE opened at $56.71 on Wednesday. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.36. TotalEnergies SE has a twelve month low of $52.78 and a twelve month high of $74.97. The stock has a market cap of $135.98 billion, a P/E ratio of 8.52, a price-to-earnings-growth ratio of 0.98 and a beta of 0.45. The firm’s fifty day simple moving average is $60.76 and its 200 day simple moving average is $60.21.

TotalEnergies (NYSE:TTE) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $1.90 earnings per share (EPS) 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%. As a group, research analysts predict that TotalEnergies SE will post 8.02 EPS for the current 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.