TotalEnergies SE (NYSE:TTE) Stake Increased by TD Private Client Wealth LLC

TD Private Client Wealth LLC increased its stake in TotalEnergies SE (NYSE:TTE) by 21.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 72,433 shares of the company’s stock after acquiring an additional 12,995 shares during the quarter. TD Private Client Wealth LLC’s holdings in TotalEnergies were worth $3,948,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in TTE. Thrivent Financial for Lutherans bought a new stake in shares of TotalEnergies in the third quarter worth $212,000. Pathstone Holdings LLC increased its stake in TotalEnergies by 4.2% during the third quarter. Pathstone Holdings LLC now owns 59,245 shares of the company’s stock valued at $3,832,000 after purchasing an additional 2,403 shares during the last quarter. Prospera Financial Services Inc increased its stake in TotalEnergies by 8.4% during the third quarter. Prospera Financial Services Inc now owns 25,234 shares of the company’s stock valued at $1,631,000 after purchasing an additional 1,945 shares during the last quarter. Avior Wealth Management LLC increased its stake in TotalEnergies by 62.9% during the third quarter. Avior Wealth Management LLC now owns 3,063 shares of the company’s stock valued at $198,000 after purchasing an additional 1,183 shares during the last quarter. Finally, Jennison Associates LLC increased its stake in TotalEnergies by 4.5% during the third quarter. Jennison Associates LLC now owns 456,738 shares of the company’s stock valued at $29,514,000 after purchasing an additional 19,822 shares during the last quarter. Institutional investors own 16.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Royal Bank of Canada upgraded shares of TotalEnergies from a “sector perform” rating to an “outperform” rating in a research note on Thursday, December 5th. Redburn Atlantic upgraded 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 set a $64.10 price target (down previously from $70.40) on shares of TotalEnergies in a research report on Tuesday, January 7th. BNP Paribas lowered shares of TotalEnergies from an “outperform” rating to a “neutral” rating in a research report on Wednesday, November 27th. Finally, Piper Sandler cut their price target on shares of TotalEnergies from $77.00 to $62.00 and set a “neutral” rating for the company in a report on Thursday, December 19th. Six equities research analysts have rated the stock with a hold rating, two have issued a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $72.42.

TotalEnergies Price Performance

TTE stock opened at $63.39 on Friday. 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 one year low of $53.29 and a one year high of $74.97. The firm has a market capitalization of $151.99 billion, a PE ratio of 9.52, a P/E/G ratio of 0.98 and a beta of 0.56. The firm has a 50-day moving average of $60.36 and a two-hundred day moving average of $61.22.

TotalEnergies (NYSE:TTE) last issued its earnings results on Wednesday, February 5th. The company reported $1.90 earnings per share 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%. On average, analysts forecast that TotalEnergies SE will post 8.02 earnings per share 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.