TotalEnergies SE (NYSE:TTE) Shares Purchased by Boston Partners

Boston Partners boosted its stake in shares of TotalEnergies SE (NYSE:TTE) by 21.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 34,037 shares of the company’s stock after buying an additional 6,062 shares during the quarter. Boston Partners’ holdings in TotalEnergies were worth $1,862,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans acquired a new stake in shares of TotalEnergies in the 3rd quarter worth approximately $212,000. Pathstone Holdings LLC boosted its position in TotalEnergies by 4.2% during the third 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 TotalEnergies by 8.4% during the third 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. Avior Wealth Management LLC grew its holdings in TotalEnergies by 62.9% in the third quarter. Avior Wealth Management LLC now owns 3,063 shares of the company’s stock valued at $198,000 after purchasing an additional 1,183 shares during the last quarter. Finally, Jennison Associates LLC increased its position in shares of TotalEnergies by 4.5% in the third quarter. Jennison Associates LLC now owns 456,738 shares of the company’s stock valued at $29,514,000 after buying an additional 19,822 shares in the last quarter. 16.53% of the stock is owned by hedge funds and other institutional investors.

TotalEnergies Stock Down 1.0 %

Shares of NYSE TTE opened at $63.39 on Friday. The firm has a market cap of $151.99 billion, a P/E ratio of 9.52, a price-to-earnings-growth ratio of 0.98 and a beta of 0.56. 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 SE has a 1 year low of $53.29 and a 1 year high of $74.97. The firm’s 50 day moving average price is $60.36 and its 200 day moving average price is $61.22.

TotalEnergies (NYSE:TTE) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $1.90 earnings per share (EPS) for the quarter, topping the consensus estimate 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 anticipate that TotalEnergies SE will post 8.02 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms recently commented on TTE. Redburn Atlantic upgraded shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 23rd. BNP Paribas lowered shares of TotalEnergies from an “outperform” rating to a “neutral” rating in a research report on Wednesday, November 27th. Morgan Stanley reissued an “equal weight” rating and set a $64.10 price objective (down from $70.40) on shares of TotalEnergies in a research note on Tuesday, January 7th. Piper Sandler reduced their target price on TotalEnergies from $77.00 to $62.00 and set a “neutral” rating on the stock in a research note on Thursday, December 19th. Finally, Royal Bank of Canada raised TotalEnergies from a “sector perform” rating to an “outperform” rating in a research report on Thursday, December 5th. Six equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, TotalEnergies 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.