TotalEnergies SE (NYSE:TTE) Shares Bought by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. grew its stake in shares of TotalEnergies SE (NYSE:TTE) by 19.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 89,134 shares of the company’s stock after acquiring an additional 14,295 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in TotalEnergies were worth $4,858,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of TTE. Clear Creek Financial Management LLC purchased a new stake in shares of TotalEnergies during the 4th quarter worth about $345,000. Logan Capital Management Inc. grew its holdings in shares of TotalEnergies by 22.8% during the 3rd quarter. Logan Capital Management Inc. now owns 71,757 shares of the company’s stock worth $4,637,000 after purchasing an additional 13,331 shares during the period. FMR LLC grew its holdings in shares of TotalEnergies by 2.7% during the 3rd quarter. FMR LLC now owns 12,445,228 shares of the company’s stock worth $804,211,000 after purchasing an additional 324,033 shares during the period. CWA Asset Management Group LLC grew its holdings in shares of TotalEnergies by 85.1% during the 4th quarter. CWA Asset Management Group LLC now owns 23,571 shares of the company’s stock worth $1,285,000 after purchasing an additional 10,835 shares during the period. Finally, Barclays PLC grew its holdings in shares of TotalEnergies by 266.5% during the 3rd 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. Institutional investors and hedge funds own 16.53% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on TTE. Piper Sandler decreased their target price on TotalEnergies from $77.00 to $62.00 and set a “neutral” rating for the company in a report on Thursday, December 19th. Redburn Atlantic upgraded TotalEnergies from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 23rd. Royal Bank of Canada upgraded TotalEnergies from a “sector perform” rating to an “outperform” rating in a report on Thursday, December 5th. 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 report on Tuesday, January 7th. Finally, BNP Paribas cut TotalEnergies from an “outperform” rating to a “neutral” rating in a report on Wednesday, November 27th. Six 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 company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $72.42.

TotalEnergies Stock Performance

TotalEnergies stock opened at $63.33 on Wednesday. The stock has a market cap of $151.85 billion, a P/E ratio of 9.51, a price-to-earnings-growth ratio of 0.98 and a beta of 0.56. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.36. The stock has a 50 day moving average of $59.94 and a 200-day moving average of $61.22. TotalEnergies SE has a 52 week low of $53.29 and a 52 week high of $74.97.

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