TotalEnergies SE (NYSE:TTE) Shares Bought by Transamerica Financial Advisors Inc.

Transamerica Financial Advisors Inc. grew its position in TotalEnergies SE (NYSE:TTE) by 16.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,850 shares of the company’s stock after buying an additional 698 shares during the quarter. Transamerica Financial Advisors Inc.’s holdings in TotalEnergies were worth $265,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of TTE. Raymond James Financial Inc. purchased a new stake in TotalEnergies during the fourth quarter worth about $156,044,000. Franklin Resources Inc. increased its stake 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 buying an additional 1,546,866 shares during the period. Barclays PLC lifted its holdings in TotalEnergies by 266.5% during the 3rd quarter. Barclays PLC now owns 674,154 shares of the company’s stock worth $43,564,000 after buying an additional 490,187 shares in the last quarter. Equity Investment Corp boosted its position in TotalEnergies by 10.5% in the 4th quarter. Equity Investment Corp now owns 2,058,589 shares of the company’s stock valued at $112,193,000 after buying an additional 196,277 shares during the period. Finally, LPL Financial LLC grew its stake in shares of TotalEnergies by 14.9% in the fourth quarter. LPL Financial LLC now owns 1,164,972 shares of the company’s stock worth $63,491,000 after acquiring an additional 151,336 shares in the last quarter. Institutional investors and hedge funds own 16.53% of the company’s stock.

Wall Street Analyst Weigh In

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

TotalEnergies Stock Down 1.4 %

TTE stock opened at $64.27 on Friday. The stock has a market cap of $154.11 billion, a P/E ratio of 9.65, 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 SE has a twelve month low of $53.29 and a twelve month high of $74.97. The company’s 50 day moving average is $60.96 and its two-hundred day moving average is $61.10.

TotalEnergies (NYSE:TTE) last posted its earnings results on Wednesday, February 5th. The company reported $1.90 EPS for the quarter, beating analysts’ consensus estimates of $1.74 by $0.16. TotalEnergies had a net margin of 7.34% and a return on equity of 15.22%. Research analysts expect that TotalEnergies SE will post 8.02 earnings per share for the current fiscal 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.