Congress Wealth Management LLC DE Acquires 2,466 Shares of TotalEnergies SE (NYSE:TTE)

Congress Wealth Management LLC DE boosted its holdings in TotalEnergies SE (NYSE:TTE) by 10.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 25,123 shares of the company’s stock after acquiring an additional 2,466 shares during the quarter. Congress Wealth Management LLC DE’s holdings in TotalEnergies were worth $1,379,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. FMR LLC boosted 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 valued at $804,211,000 after buying an additional 324,033 shares during the last quarter. Franklin Resources Inc. boosted its holdings in TotalEnergies by 62.7% during the 3rd quarter. Franklin Resources Inc. now owns 4,012,961 shares of the company’s stock worth $273,323,000 after acquiring an additional 1,546,866 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of TotalEnergies in the 4th quarter worth $156,044,000. Equity Investment Corp raised its holdings in shares of TotalEnergies by 10.5% in the fourth quarter. Equity Investment Corp now owns 2,058,589 shares of the company’s stock valued at $112,193,000 after purchasing an additional 196,277 shares during the last quarter. Finally, American Century Companies Inc. lifted its position in shares of TotalEnergies by 1.7% during the fourth quarter. American Century Companies Inc. now owns 1,443,516 shares of the company’s stock valued at $78,672,000 after purchasing an additional 24,653 shares in the last quarter. Institutional investors and hedge funds own 16.53% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Morgan Stanley reiterated an “equal weight” rating and issued a $64.10 price objective (down previously from $70.40) on shares of TotalEnergies in a research note on Tuesday, January 7th. Piper Sandler dropped their price target on TotalEnergies from $77.00 to $62.00 and set a “neutral” rating on the stock in a report on Thursday, December 19th. Citigroup raised TotalEnergies from a “neutral” rating to a “buy” rating in a research report on Wednesday. Redburn Atlantic raised TotalEnergies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 23rd. Finally, Royal Bank of Canada raised shares of TotalEnergies from a “sector perform” rating to an “outperform” rating in a report on Thursday, December 5th. Six research analysts have rated the stock with a hold rating, three have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $72.42.

TotalEnergies Trading Up 0.5 %

Shares of TTE opened at $65.19 on Friday. The firm has a market cap of $156.31 billion, a P/E ratio of 9.79, a price-to-earnings-growth ratio of 0.98 and a beta of 0.56. TotalEnergies SE has a fifty-two week low of $53.29 and a fifty-two week high of $74.97. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.88 and a current ratio of 1.10. The business has a 50-day moving average of $60.87 and a 200 day moving average of $61.15.

TotalEnergies (NYSE:TTE) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $1.90 earnings per share (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%. As a group, research analysts forecast that TotalEnergies SE will post 8.02 EPS for the current year.

About TotalEnergies

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.