17,953 Shares in TotalEnergies SE (NYSE:TTE) Purchased by AssuredPartners Investment Advisors LLC

AssuredPartners Investment Advisors LLC acquired a new stake in TotalEnergies SE (NYSE:TTE) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 17,953 shares of the company’s stock, valued at approximately $978,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Thrivent Financial for Lutherans bought a new stake in TotalEnergies in the 3rd quarter valued at $212,000. Charles Schwab Investment Management Inc. increased its holdings in shares of TotalEnergies by 26.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 136,638 shares of the company’s stock valued at $8,830,000 after purchasing an additional 28,857 shares during the last quarter. Larson Financial Group LLC raised its position in shares of TotalEnergies by 279.7% in the third quarter. Larson Financial Group LLC now owns 1,606 shares of the company’s stock valued at $104,000 after purchasing an additional 1,183 shares during the period. Independent Advisor Alliance lifted its stake in shares of TotalEnergies by 29.5% during the 3rd quarter. Independent Advisor Alliance now owns 12,024 shares of the company’s stock worth $777,000 after buying an additional 2,737 shares during the last quarter. Finally, Brown Brothers Harriman & Co. boosted its holdings in shares of TotalEnergies by 26.5% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 2,332 shares of the company’s stock worth $151,000 after buying an additional 488 shares during the period. Institutional investors own 16.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Citigroup raised shares of TotalEnergies from a “neutral” rating to a “buy” rating in a report on Wednesday. Royal Bank of Canada upgraded TotalEnergies from a “sector perform” rating to an “outperform” rating in a research note on Thursday, December 5th. Redburn Atlantic upgraded TotalEnergies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 23rd. Morgan Stanley reiterated an “equal weight” rating and set a $64.10 price objective (down previously from $70.40) on shares of TotalEnergies in a research report on Tuesday, January 7th. Finally, Piper Sandler dropped their target price on TotalEnergies from $77.00 to $62.00 and set a “neutral” rating for the company in a report on Thursday, December 19th. Six investment analysts have rated the stock with a hold rating, three have issued a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $72.42.

TotalEnergies Stock Performance

TTE opened at $65.19 on Friday. The firm has a market cap of $156.31 billion, a P/E ratio of 9.79, a price-to-earnings-growth ratio of 0.98 and a beta of 0.56. The business’s fifty day moving average is $60.87 and its 200-day moving average is $61.15. TotalEnergies SE has a 52-week low of $53.29 and a 52-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.

TotalEnergies (NYSE:TTE) last released its earnings results on Wednesday, February 5th. The company reported $1.90 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%. Sell-side analysts expect that TotalEnergies SE will post 8.02 EPS for the current fiscal 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.