Congress Wealth Management LLC DE Buys 2,466 Shares of TotalEnergies SE (NYSE:TTE)

Congress Wealth Management LLC DE grew its stake in shares of TotalEnergies SE (NYSE:TTE) by 10.9% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 25,123 shares of the company’s stock after acquiring an additional 2,466 shares during the period. Congress Wealth Management LLC DE’s holdings in TotalEnergies were worth $1,379,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of TTE. Thrivent Financial for Lutherans bought a new stake in TotalEnergies during the third quarter valued at $212,000. Charles Schwab Investment Management Inc. boosted its position in shares of TotalEnergies by 26.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 136,638 shares of the company’s stock valued at $8,830,000 after acquiring an additional 28,857 shares during the last quarter. Larson Financial Group LLC grew its holdings in shares of TotalEnergies by 279.7% during the third quarter. Larson Financial Group LLC now owns 1,606 shares of the company’s stock worth $104,000 after purchasing an additional 1,183 shares in the last quarter. Independent Advisor Alliance increased its position in shares of TotalEnergies by 29.5% in the third quarter. Independent Advisor Alliance now owns 12,024 shares of the company’s stock worth $777,000 after purchasing an additional 2,737 shares during the last quarter. Finally, Brown Brothers Harriman & Co. raised its stake in TotalEnergies by 26.5% in the third quarter. Brown Brothers Harriman & Co. now owns 2,332 shares of the company’s stock valued at $151,000 after purchasing an additional 488 shares in the last quarter. 16.53% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on TTE shares. Citigroup raised shares of TotalEnergies from a “neutral” rating to a “buy” rating in a research note on Wednesday. Piper Sandler cut 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. Redburn Atlantic upgraded TotalEnergies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 23rd. Morgan Stanley reiterated an “equal weight” rating and issued a $64.10 price objective (down from $70.40) on shares of TotalEnergies in a report on Tuesday, January 7th. Finally, Royal Bank of Canada raised TotalEnergies from a “sector perform” rating to an “outperform” rating in a report on Thursday, December 5th. Six analysts have rated the stock with a hold rating, three have issued a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, TotalEnergies has an average rating of “Moderate Buy” and a consensus target price of $72.42.

TotalEnergies Trading Up 0.5 %

Shares of TTE stock opened at $65.19 on Friday. 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 50-day moving average of $60.87 and a 200 day moving average of $61.15. The stock has a market capitalization of $156.31 billion, a PE ratio of 9.79, a P/E/G ratio of 0.98 and a beta of 0.56. TotalEnergies SE has a 1-year low of $53.29 and a 1-year high of $74.97.

TotalEnergies (NYSE:TTE) last released its quarterly earnings data 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%. As a group, sell-side analysts anticipate that TotalEnergies SE will post 8.02 earnings per share 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.