Horizon Investments LLC Acquires 237 Shares of TotalEnergies SE (NYSE:TTE)

Horizon Investments LLC lifted its holdings in shares of TotalEnergies SE (NYSE:TTE) by 2.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 10,652 shares of the company’s stock after purchasing an additional 237 shares during the period. Horizon Investments LLC’s holdings in TotalEnergies were worth $581,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in TTE. FSA Wealth Management LLC bought a new stake in TotalEnergies in the 3rd quarter worth $26,000. Continuum Advisory LLC grew its holdings in TotalEnergies by 70.4% in the 3rd quarter. Continuum Advisory LLC now owns 443 shares of the company’s stock worth $27,000 after acquiring an additional 183 shares during the last quarter. Asset Planning Inc bought a new stake in TotalEnergies in the 4th quarter worth $31,000. HHM Wealth Advisors LLC grew its holdings in TotalEnergies by 156.3% in the 4th quarter. HHM Wealth Advisors LLC now owns 656 shares of the company’s stock worth $36,000 after acquiring an additional 400 shares during the last quarter. Finally, Versant Capital Management Inc bought a new stake in TotalEnergies in the 4th quarter worth $45,000. Institutional investors own 16.53% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Redburn Atlantic raised shares of 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 research report on Thursday, December 5th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $64.10 target price (down from $70.40) on shares of TotalEnergies in a research report on Tuesday, January 7th. BNP Paribas cut shares of TotalEnergies from an “outperform” rating to a “neutral” rating in a research report on Wednesday, November 27th. Finally, Piper Sandler dropped their target price 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. Six equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $72.42.

TotalEnergies Trading Down 0.4 %

Shares of NYSE TTE opened at $64.02 on Friday. TotalEnergies SE has a 1 year low of $53.29 and a 1 year high of $74.97. The stock has a market cap of $153.49 billion, a P/E ratio of 9.61, a price-to-earnings-growth ratio of 0.98 and a beta of 0.56. The firm has a 50-day moving average of $60.23 and a 200 day moving average of $61.26. 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 (NYSE:TTE) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $1.90 earnings per share (EPS) for the quarter, beating 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 expect that TotalEnergies SE will post 8.02 EPS for the current fiscal 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.