AssuredPartners Investment Advisors LLC Acquires New Shares in TotalEnergies SE (NYSE:TTE)

AssuredPartners Investment Advisors LLC acquired a new position in shares of TotalEnergies SE (NYSE:TTE) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 17,953 shares of the company’s stock, valued at approximately $978,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Thrivent Financial for Lutherans bought a new stake in shares of TotalEnergies during the third quarter worth about $212,000. Charles Schwab Investment Management Inc. increased its position in TotalEnergies by 26.8% in the 3rd 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 during the period. Larson Financial Group LLC increased its position in TotalEnergies by 279.7% in the 3rd quarter. Larson Financial Group LLC now owns 1,606 shares of the company’s stock valued at $104,000 after acquiring an additional 1,183 shares during the period. Independent Advisor Alliance lifted its holdings in shares of TotalEnergies by 29.5% during the third quarter. Independent Advisor Alliance now owns 12,024 shares of the company’s stock worth $777,000 after purchasing an additional 2,737 shares during the period. Finally, Brown Brothers Harriman & Co. lifted its holdings in shares of TotalEnergies by 26.5% during the third quarter. Brown Brothers Harriman & Co. now owns 2,332 shares of the company’s stock worth $151,000 after purchasing an additional 488 shares during the period. Institutional investors and hedge funds own 16.53% of the company’s stock.

Analyst Upgrades and Downgrades

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

TotalEnergies Stock Up 0.5 %

Shares of NYSE TTE opened at $65.19 on Friday. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.36. The firm has a market cap of $156.31 billion, a PE ratio of 9.79, a P/E/G ratio of 0.98 and a beta of 0.56. The company’s fifty day simple moving average is $60.87 and its 200 day simple moving average is $61.15. 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 earnings per share (EPS) for the quarter, topping 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%. As a group, sell-side analysts forecast 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.