Teachers Retirement System of The State of Kentucky Acquires 26,180 Shares of TotalEnergies SE (NYSE:TTE)

Teachers Retirement System of The State of Kentucky grew its holdings in shares of TotalEnergies SE (NYSE:TTE) by 3.6% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 751,650 shares of the company’s stock after acquiring an additional 26,180 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in TotalEnergies were worth $40,965,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Asset Planning Inc purchased a new position in TotalEnergies during the 4th quarter valued at $31,000. Bernard Wealth Management Corp. bought a new position in shares of TotalEnergies during the fourth quarter valued at $32,000. HHM Wealth Advisors LLC raised its stake in TotalEnergies by 156.3% during the 4th quarter. HHM Wealth Advisors LLC now owns 656 shares of the company’s stock valued at $36,000 after buying an additional 400 shares during the last quarter. Versant Capital Management Inc bought a new position in shares of TotalEnergies during the 4th quarter valued at $45,000. Finally, Stonebridge Financial Group LLC purchased a new position in shares of TotalEnergies in the 4th quarter worth $49,000. Institutional investors own 16.53% of the company’s stock.

TotalEnergies Stock Up 1.0 %

Shares of NYSE:TTE opened at $58.39 on Friday. The company has a 50-day moving average price of $60.61 and a 200 day moving average price of $60.05. 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 $52.78 and a 12 month high of $74.97. The company has a market cap of $140.00 billion, a price-to-earnings ratio of 8.77, a PEG ratio of 0.98 and a beta of 0.45.

TotalEnergies (NYSE:TTE) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $1.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.74 by $0.16. TotalEnergies had a return on equity of 15.22% and a net margin of 7.34%. As a group, equities research analysts predict that TotalEnergies SE will post 8.02 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Morgan Stanley reaffirmed 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. Redburn Atlantic upgraded shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 23rd. BNP Paribas raised shares of TotalEnergies from a “neutral” rating to an “outperform” rating in a research note on Tuesday, April 15th. Citigroup upgraded shares of TotalEnergies from a “neutral” rating to a “buy” rating in a research note on Wednesday, March 26th. Finally, Scotiabank cut their price objective on TotalEnergies from $65.00 to $60.00 and set a “sector perform” rating for the company in a research report on Friday, April 11th. Five analysts have rated the stock with a hold rating, four have assigned a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat, TotalEnergies has an average rating of “Moderate Buy” and a consensus price target of $69.42.

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.