Envestnet Portfolio Solutions Inc. Raises Stake in TotalEnergies SE (NYSE:TTE)

Envestnet Portfolio Solutions Inc. grew its stake in shares of TotalEnergies SE (NYSE:TTE) by 19.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 89,134 shares of the company’s stock after purchasing an additional 14,295 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in TotalEnergies were worth $4,858,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in TTE. Empowered Funds LLC boosted its position in shares of TotalEnergies by 2.8% during the 3rd quarter. Empowered Funds LLC now owns 40,321 shares of the company’s stock worth $2,606,000 after purchasing an additional 1,107 shares in the last quarter. Thrivent Financial for Lutherans purchased a new stake in shares of TotalEnergies during the 3rd quarter worth $212,000. Pathstone Holdings LLC boosted its position in shares of TotalEnergies by 4.2% during the 3rd quarter. Pathstone Holdings LLC now owns 59,245 shares of the company’s stock worth $3,832,000 after purchasing an additional 2,403 shares in the last quarter. Prospera Financial Services Inc boosted its position in shares of TotalEnergies by 8.4% during the 3rd quarter. Prospera Financial Services Inc now owns 25,234 shares of the company’s stock worth $1,631,000 after purchasing an additional 1,945 shares in the last quarter. Finally, Avior Wealth Management LLC boosted its position in shares of TotalEnergies by 62.9% during the 3rd quarter. Avior Wealth Management LLC now owns 3,063 shares of the company’s stock worth $198,000 after purchasing an additional 1,183 shares in the last quarter. 16.53% of the stock is currently owned by hedge funds and other institutional investors.

TotalEnergies Trading Up 1.1 %

Shares of TTE stock opened at $63.33 on Wednesday. The firm has a 50-day moving average price of $59.94 and a 200 day moving average price of $61.22. TotalEnergies SE has a twelve month low of $53.29 and a twelve month high of $74.97. The company has a market capitalization of $151.85 billion, a price-to-earnings ratio of 9.51, a PEG ratio of 0.98 and a beta of 0.56. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.36.

TotalEnergies (NYSE:TTE) last announced its earnings results on Wednesday, February 5th. The company reported $1.90 earnings per share 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%. Research analysts forecast that TotalEnergies SE will post 8.02 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

TTE has been the topic of several research analyst reports. Redburn Atlantic upgraded shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 23rd. Piper Sandler cut their price target on TotalEnergies from $77.00 to $62.00 and set a “neutral” rating for the company in a research note on Thursday, December 19th. BNP Paribas downgraded TotalEnergies from an “outperform” rating to a “neutral” rating in a research note on Wednesday, November 27th. Royal Bank of Canada raised TotalEnergies from a “sector perform” rating to an “outperform” rating in a research note on Thursday, December 5th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $64.10 price target (down previously from $70.40) on shares of TotalEnergies in a research note on Tuesday, January 7th. Six equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $72.42.

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.