LPL Financial LLC Purchases 151,336 Shares of TotalEnergies SE (NYSE:TTE)

LPL Financial LLC lifted its holdings in TotalEnergies SE (NYSE:TTE) by 14.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,164,972 shares of the company’s stock after buying an additional 151,336 shares during the period. LPL Financial LLC’s holdings in TotalEnergies were worth $63,491,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the stock. Clear Creek Financial Management LLC bought a new stake in shares of TotalEnergies during the 4th quarter worth approximately $345,000. Logan Capital Management Inc. increased its stake in TotalEnergies by 22.8% in the third quarter. Logan Capital Management Inc. now owns 71,757 shares of the company’s stock worth $4,637,000 after purchasing an additional 13,331 shares during the period. FMR LLC lifted its position in shares of 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 last quarter. CWA Asset Management Group LLC boosted its stake in shares of TotalEnergies by 85.1% during the fourth quarter. CWA Asset Management Group LLC now owns 23,571 shares of the company’s stock valued at $1,285,000 after purchasing an additional 10,835 shares during the period. Finally, Barclays PLC grew its holdings in shares of TotalEnergies by 266.5% in 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 last quarter. 16.53% of the stock is owned by institutional investors.

TotalEnergies Trading Up 2.2 %

NYSE TTE opened at $64.94 on Thursday. TotalEnergies SE has a 52 week low of $53.29 and a 52 week high of $74.97. The company has a 50 day moving average price of $60.74 and a 200 day moving average price of $61.12. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.36. The firm has a market cap of $155.70 billion, a PE ratio of 9.75, a price-to-earnings-growth ratio of 0.98 and a beta of 0.56.

TotalEnergies (NYSE:TTE) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $1.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.74 by $0.16. TotalEnergies had a return on equity of 15.22% and a net margin of 7.34%. As a group, sell-side analysts forecast that TotalEnergies SE will post 8.02 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Piper Sandler lowered their price objective 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. Citigroup upgraded TotalEnergies from a “neutral” rating to a “buy” rating in a report on Wednesday. Royal Bank of Canada raised TotalEnergies from a “sector perform” rating to an “outperform” rating in a research report on Thursday, December 5th. BNP Paribas lowered TotalEnergies from an “outperform” rating to a “neutral” rating in a research note on Wednesday, November 27th. Finally, Redburn Atlantic raised shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 23rd. Six analysts have rated the stock with a hold rating, three have issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $72.42.

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.