Moran Wealth Management LLC Has $25.54 Million Stock Holdings in TotalEnergies SE (NYSE:TTE)

Moran Wealth Management LLC decreased its position in TotalEnergies SE (NYSE:TTE) by 1.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 468,701 shares of the company’s stock after selling 6,067 shares during the period. TotalEnergies comprises approximately 0.8% of Moran Wealth Management LLC’s holdings, making the stock its 25th largest holding. Moran Wealth Management LLC’s holdings in TotalEnergies were worth $25,544,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Raymond James Financial Inc. acquired a new position in shares of TotalEnergies in the 4th quarter valued at $156,044,000. Franklin Resources Inc. raised its position in TotalEnergies by 62.7% in the third quarter. Franklin Resources Inc. now owns 4,012,961 shares of the company’s stock worth $273,323,000 after purchasing an additional 1,546,866 shares in the last quarter. Barclays PLC lifted its stake in TotalEnergies by 266.5% during the third quarter. Barclays PLC now owns 674,154 shares of the company’s stock worth $43,564,000 after purchasing an additional 490,187 shares during the period. FMR LLC boosted its holdings in TotalEnergies by 2.7% during the third quarter. FMR LLC now owns 12,445,228 shares of the company’s stock valued at $804,211,000 after purchasing an additional 324,033 shares in the last quarter. Finally, DRW Securities LLC boosted its holdings in TotalEnergies by 134.5% during the third quarter. DRW Securities LLC now owns 64,209 shares of the company’s stock valued at $4,149,000 after purchasing an additional 250,427 shares in the last quarter. 16.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

TotalEnergies Stock Up 0.9 %

Shares of TotalEnergies stock opened at $61.36 on Monday. The firm has a market cap of $147.11 billion, a PE ratio of 9.21, a P/E/G ratio of 0.98 and a beta of 0.56. The business’s 50 day simple moving average is $58.99 and its 200 day simple moving average is $61.59. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.88 and a current ratio of 1.10. TotalEnergies SE has a 52-week low of $53.29 and a 52-week high of $74.97.

TotalEnergies (NYSE:TTE) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $1.90 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%. On average, 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.