TotalEnergies SE (NYSE:TTE) Shares Bought by LPL Financial LLC

LPL Financial LLC raised its holdings in shares of TotalEnergies SE (NYSE:TTE) by 14.9% in the 4th quarter, HoldingsChannel.com reports. The fund owned 1,164,972 shares of the company’s stock after buying an additional 151,336 shares during the quarter. LPL Financial LLC’s holdings in TotalEnergies were worth $63,491,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in TTE. Thrivent Financial for Lutherans acquired a new stake in TotalEnergies during the 3rd quarter worth about $212,000. Massachusetts Financial Services Co. MA grew its holdings in TotalEnergies by 4.3% during the third quarter. Massachusetts Financial Services Co. MA now owns 133,647 shares of the company’s stock worth $8,636,000 after acquiring an additional 5,481 shares during the period. Charles Schwab Investment Management Inc. raised its position in TotalEnergies by 26.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 136,638 shares of the company’s stock valued at $8,830,000 after acquiring an additional 28,857 shares in the last quarter. Cerity Partners LLC boosted its position in TotalEnergies by 30.8% in the 3rd quarter. Cerity Partners LLC now owns 167,345 shares of the company’s stock worth $10,814,000 after purchasing an additional 39,400 shares in the last quarter. Finally, Kingsview Wealth Management LLC grew its stake in shares of TotalEnergies by 5.4% during the 3rd quarter. Kingsview Wealth Management LLC now owns 14,011 shares of the company’s stock worth $905,000 after purchasing an additional 724 shares during the period. 16.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on TTE shares. Redburn Atlantic upgraded shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 23rd. Royal Bank of Canada upgraded shares of TotalEnergies from a “sector perform” rating to an “outperform” rating in a research report on Thursday, December 5th. Citigroup upgraded TotalEnergies from a “neutral” rating to a “buy” rating in a research note on Wednesday. Piper Sandler lowered their price target on TotalEnergies from $77.00 to $62.00 and set a “neutral” rating on the stock in a research report on Thursday, December 19th. Finally, BNP Paribas cut TotalEnergies from an “outperform” rating to a “neutral” rating in a research report on Wednesday, November 27th. Six equities research 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’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $72.42.

TotalEnergies Stock Performance

Shares of NYSE:TTE opened at $64.94 on Thursday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.10 and a quick ratio of 0.88. TotalEnergies SE has a 1 year low of $53.29 and a 1 year high of $74.97. The firm has a market capitalization of $155.70 billion, a PE ratio of 9.75, a P/E/G ratio of 0.98 and a beta of 0.56. The business’s 50 day moving average price is $60.74 and its 200-day moving average price is $61.12.

TotalEnergies (NYSE:TTE) last announced its earnings results 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 net margin of 7.34% and a return on equity of 15.22%. As a group, equities research analysts expect that TotalEnergies SE will post 8.02 earnings per share for the current fiscal year.

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.