FCA Corp TX Acquires New Holdings in TotalEnergies SE (NYSE:TTE)

FCA Corp TX acquired a new position in TotalEnergies SE (NYSE:TTE) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 2,000 shares of the company’s stock, valued at approximately $109,000.

A number of other institutional investors have also made changes to their positions in TTE. LPL Financial LLC raised its position 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 valued at $63,491,000 after purchasing an additional 151,336 shares during the period. Guardian Partners Inc. acquired a new stake in TotalEnergies during the fourth quarter worth about $7,224,000. American Century Companies Inc. grew its stake in TotalEnergies by 1.7% during the fourth quarter. American Century Companies Inc. now owns 1,443,516 shares of the company’s stock worth $78,672,000 after buying an additional 24,653 shares in the last quarter. TD Private Client Wealth LLC grew its stake in TotalEnergies by 21.9% during the fourth quarter. TD Private Client Wealth LLC now owns 72,433 shares of the company’s stock worth $3,948,000 after buying an additional 12,995 shares in the last quarter. Finally, Independent Solutions Wealth Management LLC acquired a new stake in shares of TotalEnergies in the 4th quarter valued at approximately $556,000. Institutional investors own 16.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on TTE shares. 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 report on Tuesday, January 7th. Redburn Atlantic raised shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 23rd. Piper Sandler reduced their price objective on shares of TotalEnergies from $77.00 to $62.00 and set a “neutral” rating for the company in a research report on Thursday, December 19th. Royal Bank of Canada raised shares of TotalEnergies from a “sector perform” rating to an “outperform” rating in a research report on Thursday, December 5th. Finally, BNP Paribas downgraded shares of TotalEnergies from an “outperform” rating to a “neutral” rating in a report on Wednesday, November 27th. Six analysts have rated the stock with a hold rating, two have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $72.42.

TotalEnergies Price Performance

TTE opened at $63.39 on Friday. The stock has a fifty day simple moving average of $60.36 and a two-hundred day simple moving average of $61.18. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.36. The company has a market cap of $151.99 billion, a price-to-earnings ratio of 9.52, a price-to-earnings-growth ratio of 0.98 and a beta of 0.56. TotalEnergies SE has a 12-month low of $53.29 and a 12-month high of $74.97.

TotalEnergies (NYSE:TTE) last released 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 return on equity of 15.22% and a net margin of 7.34%. Research analysts predict 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.