MONECO Advisors LLC Has $309,000 Stock Holdings in TotalEnergies SE (NYSE:TTE)

MONECO Advisors LLC raised its position in shares of TotalEnergies SE (NYSE:TTE) by 15.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,674 shares of the company’s stock after acquiring an additional 774 shares during the period. MONECO Advisors LLC’s holdings in TotalEnergies were worth $309,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. FMR LLC grew its position in 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 buying an additional 324,033 shares in the last quarter. Franklin Resources Inc. increased its stake in shares of TotalEnergies by 62.7% in the third quarter. Franklin Resources Inc. now owns 4,012,961 shares of the company’s stock valued at $273,323,000 after buying an additional 1,546,866 shares during the period. Natixis Advisors LLC increased its position in TotalEnergies by 4.9% in the 3rd quarter. Natixis Advisors LLC now owns 2,266,950 shares of the company’s stock valued at $146,490,000 after acquiring an additional 106,347 shares during the period. Equity Investment Corp raised its position in TotalEnergies by 2.3% during the 3rd quarter. Equity Investment Corp now owns 1,862,312 shares of the company’s stock worth $120,343,000 after purchasing an additional 41,564 shares during the last quarter. Finally, HighTower Advisors LLC raised its position in shares of TotalEnergies by 5.2% during the third quarter. HighTower Advisors LLC now owns 737,658 shares of the company’s stock worth $47,655,000 after acquiring an additional 36,299 shares during the last quarter. 16.53% of the stock is owned by institutional investors and hedge funds.

TotalEnergies Stock Performance

NYSE TTE opened at $60.68 on Tuesday. The company’s 50 day moving average is $57.86 and its 200-day moving average is $62.08. 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 12-month low of $53.29 and a 12-month high of $74.97. The firm has a market cap of $143.28 billion, a P/E ratio of 9.11, a price-to-earnings-growth ratio of 0.98 and a beta of 0.61.

TotalEnergies (NYSE:TTE) last issued its quarterly earnings data 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 predict that TotalEnergies SE will post 8.02 earnings per share for the current year.

Analyst Ratings Changes

TTE has been the topic of several recent analyst reports. Morgan Stanley restated an “equal weight” rating and issued a $64.10 target price (down previously from $70.40) on shares of TotalEnergies in a report on Tuesday, January 7th. Royal Bank of Canada upgraded shares of TotalEnergies from a “sector perform” rating to an “outperform” rating in a report on Thursday, December 5th. Piper Sandler dropped their target price on TotalEnergies from $77.00 to $62.00 and set a “neutral” rating on the stock in a report on Thursday, December 19th. Redburn Atlantic upgraded shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 23rd. Finally, BNP Paribas downgraded TotalEnergies from an “outperform” rating to a “neutral” rating in a research note on Wednesday, November 27th. Six analysts have rated the stock with a hold rating, two have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus 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.