157,657 Shares in TotalEnergies SE (NYSE:TTE) Acquired by Tweedy Browne Co LLC

Tweedy Browne Co LLC purchased a new position in shares of TotalEnergies SE (NYSE:TTE) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 157,657 shares of the company’s stock, valued at approximately $10,852,000. TotalEnergies accounts for approximately 0.5% of Tweedy Browne Co LLC’s investment portfolio, making the stock its 27th biggest holding.

Several other institutional investors have also made changes to their positions in TTE. Key Financial Inc raised its position in TotalEnergies by 139.0% during the fourth quarter. Key Financial Inc now owns 380 shares of the company’s stock valued at $26,000 after acquiring an additional 221 shares in the last quarter. North Star Investment Management Corp. raised its position in TotalEnergies by 310.0% during the first quarter. North Star Investment Management Corp. now owns 410 shares of the company’s stock valued at $28,000 after acquiring an additional 310 shares in the last quarter. Evolution Advisers Inc. bought a new position in TotalEnergies during the fourth quarter valued at approximately $29,000. Frazier Financial Advisors LLC bought a new position in TotalEnergies during the fourth quarter valued at approximately $30,000. Finally, Tower Research Capital LLC TRC bought a new position in TotalEnergies during the fourth quarter valued at approximately $31,000. 13.22% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on TTE. Piper Sandler raised their price objective on shares of TotalEnergies from $75.00 to $79.00 and gave the company a “neutral” rating in a research report on Thursday, April 18th. Scotiabank lifted their price target on shares of TotalEnergies from $74.00 to $86.00 and gave the company a “sector perform” rating in a research report on Thursday, April 11th. Six investment analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $70.75.

TotalEnergies Stock Performance

Shares of NYSE:TTE traded up $0.91 during trading on Friday, reaching $69.32. The stock had a trading volume of 378,177 shares, compared to its average volume of 1,519,774. TotalEnergies SE has a 52 week low of $57.01 and a 52 week high of $74.97. The stock has a fifty day simple moving average of $70.01 and a two-hundred day simple moving average of $68.40. The firm has a market capitalization of $163.70 billion, a price-to-earnings ratio of 7.81, a P/E/G ratio of 1.70 and a beta of 0.64. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.31.

TotalEnergies (NYSE:TTE) last announced its earnings results on Friday, April 26th. The company reported $2.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.96 by $0.18. TotalEnergies had a net margin of 9.52% and a return on equity of 18.30%. The business had revenue of $56.28 billion for the quarter, compared to analyst estimates of $59.64 billion. As a group, analysts anticipate that TotalEnergies SE will post 9.16 earnings per share for the current fiscal year.

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.