LGT Group Foundation Purchases 2,006 Shares of TotalEnergies SE (NYSE:TTE)

LGT Group Foundation grew its position in TotalEnergies SE (NYSE:TTE) by 6.8% in the fourth quarter, Holdings Channel.com reports. The fund owned 31,655 shares of the company’s stock after buying an additional 2,006 shares during the period. LGT Group Foundation’s holdings in TotalEnergies were worth $1,725,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of the company. Venturi Wealth Management LLC increased its holdings in TotalEnergies by 0.6% during the 3rd quarter. Venturi Wealth Management LLC now owns 27,751 shares of the company’s stock valued at $1,793,000 after purchasing an additional 165 shares in the last quarter. Integrated Wealth Concepts LLC increased its holdings in TotalEnergies by 1.0% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 16,795 shares of the company’s stock valued at $1,085,000 after purchasing an additional 169 shares in the last quarter. Tradition Wealth Management LLC increased its holdings in TotalEnergies by 2.5% during the 3rd quarter. Tradition Wealth Management LLC now owns 7,124 shares of the company’s stock valued at $460,000 after purchasing an additional 171 shares in the last quarter. Apollon Wealth Management LLC increased its holdings in TotalEnergies by 4.1% during the 4th quarter. Apollon Wealth Management LLC now owns 4,448 shares of the company’s stock valued at $242,000 after purchasing an additional 174 shares in the last quarter. Finally, Continuum Advisory LLC increased its holdings in TotalEnergies by 70.4% during the 3rd quarter. Continuum Advisory LLC now owns 443 shares of the company’s stock valued at $27,000 after purchasing an additional 183 shares in the last quarter. Institutional investors own 16.53% of the company’s stock.

Analyst Upgrades and Downgrades

TTE has been the subject of several research reports. Redburn Atlantic raised TotalEnergies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 23rd. Morgan Stanley restated an “equal weight” rating and set a $64.10 target price (down previously from $70.40) on shares of TotalEnergies in a research report on Tuesday, January 7th. Royal Bank of Canada upgraded TotalEnergies from a “sector perform” rating to an “outperform” rating in a research report on Thursday, December 5th. Piper Sandler dropped their target price on TotalEnergies from $77.00 to $62.00 and set a “neutral” rating for the company in a research report on Thursday, December 19th. Finally, BNP Paribas downgraded TotalEnergies from an “outperform” rating to a “neutral” rating in a research report on Wednesday, November 27th. Six investment analysts have rated the stock with a hold rating, two have issued a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $72.42.

TotalEnergies Trading Down 0.7 %

NYSE TTE opened at $59.79 on Tuesday. The stock has a 50-day simple moving average of $58.48 and a 200 day simple moving average of $61.81. The company has a market capitalization of $143.36 billion, a PE ratio of 8.98, a P/E/G ratio of 0.98 and a beta of 0.61. 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 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 analysts’ consensus estimates of $1.74 by $0.16. TotalEnergies had a return on equity of 15.22% and a net margin of 7.34%. Research analysts forecast that TotalEnergies SE will post 8.02 EPS for the current year.

TotalEnergies 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.