Franklin Resources Inc. Acquires 1,672,387 Shares of TotalEnergies SE (NYSE:TTE)

Franklin Resources Inc. grew its stake in TotalEnergies SE (NYSE:TTE) by 41.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,685,348 shares of the company’s stock after acquiring an additional 1,672,387 shares during the period. Franklin Resources Inc. owned 0.24% of TotalEnergies worth $309,851,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. FSA Wealth Management LLC bought a new position in TotalEnergies in the third quarter valued at approximately $26,000. Continuum Advisory LLC grew its stake in shares of TotalEnergies by 70.4% in the third quarter. Continuum Advisory LLC now owns 443 shares of the company’s stock valued at $27,000 after buying an additional 183 shares in the last quarter. Asset Planning Inc acquired a new position in TotalEnergies during the fourth quarter worth $31,000. HHM Wealth Advisors LLC raised its position in TotalEnergies by 156.3% during the fourth quarter. HHM Wealth Advisors LLC now owns 656 shares of the company’s stock worth $36,000 after acquiring an additional 400 shares in the last quarter. Finally, Versant Capital Management Inc acquired a new stake in TotalEnergies in the fourth quarter valued at $45,000. Institutional investors own 16.53% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on TTE shares. Citigroup upgraded shares of TotalEnergies from a “neutral” rating to a “buy” rating in a research note on Wednesday, March 26th. Royal Bank of Canada upgraded TotalEnergies from a “sector perform” rating to an “outperform” rating in a research note on Thursday, December 5th. Piper Sandler reduced their target price on TotalEnergies from $77.00 to $62.00 and set a “neutral” rating for the company in a research note on Thursday, December 19th. 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 note on Tuesday, January 7th. Finally, Redburn Atlantic raised shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 23rd. Six analysts have rated the stock with a hold rating, three have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $72.42.

TotalEnergies Stock Performance

TTE opened at $64.47 on Wednesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.10 and a quick ratio of 0.88. The business has a fifty day simple moving average of $61.18 and a 200 day simple moving average of $61.02. TotalEnergies SE has a 1 year low of $53.29 and a 1 year high of $74.97. The company has a market capitalization of $154.59 billion, a PE ratio of 9.68, a price-to-earnings-growth ratio of 0.98 and a beta of 0.56.

TotalEnergies (NYSE:TTE) last announced its 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%. Research analysts expect that TotalEnergies SE will post 8.02 EPS for the current year.

TotalEnergies Company 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.