Allspring Global Investments Holdings LLC Boosts Stock Holdings in TotalEnergies SE (NYSE:TTE)

Allspring Global Investments Holdings LLC grew its position in TotalEnergies SE (NYSE:TTE) by 316.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 228,781 shares of the company’s stock after purchasing an additional 173,810 shares during the period. Allspring Global Investments Holdings LLC’s holdings in TotalEnergies were worth $14,784,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in TTE. Capital International Investors lifted its position in shares of TotalEnergies by 2.1% during the 1st quarter. Capital International Investors now owns 4,858,097 shares of the company’s stock worth $334,383,000 after buying an additional 100,059 shares in the last quarter. Raymond James & Associates boosted its position in TotalEnergies by 0.6% in the third quarter. Raymond James & Associates now owns 2,320,091 shares of the company’s stock worth $149,924,000 after purchasing an additional 13,022 shares during the last quarter. Natixis Advisors LLC grew its stake in TotalEnergies by 3.4% in the 2nd quarter. Natixis Advisors LLC now owns 2,160,603 shares of the company’s stock valued at $144,069,000 after purchasing an additional 71,658 shares during the period. Clearbridge Investments LLC increased its position in shares of TotalEnergies by 1.5% during the 1st quarter. Clearbridge Investments LLC now owns 2,039,311 shares of the company’s stock valued at $140,366,000 after purchasing an additional 31,123 shares during the last quarter. Finally, Equity Investment Corp raised its stake in shares of TotalEnergies by 0.6% during the 2nd quarter. Equity Investment Corp now owns 1,820,748 shares of the company’s stock worth $121,407,000 after purchasing an additional 10,707 shares during the period. 13.22% of the stock is owned by institutional investors.

TotalEnergies Trading Up 0.2 %

NYSE:TTE opened at $65.01 on Friday. The company has a market cap of $153.52 billion, a P/E ratio of 7.37, a P/E/G ratio of 2.24 and a beta of 0.63. TotalEnergies SE has a 1 year low of $62.59 and a 1 year high of $74.97. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.11 and a quick ratio of 0.87. The stock’s fifty day moving average price is $67.41 and its two-hundred day moving average price is $69.00.

TotalEnergies (NYSE:TTE) last announced its quarterly earnings results on Thursday, July 25th. The company reported $1.98 earnings per share for the quarter, missing the consensus estimate of $2.11 by ($0.13). TotalEnergies had a net margin of 9.49% and a return on equity of 17.92%. The company had revenue of $53.74 billion for the quarter, compared to the consensus estimate of $60.45 billion. During the same quarter in the prior year, the company earned $1.99 earnings per share. As a group, analysts expect that TotalEnergies SE will post 8.17 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on TTE shares. Barclays upgraded shares of TotalEnergies to a “strong-buy” rating in a research report on Wednesday, October 2nd. The Goldman Sachs Group upgraded shares of TotalEnergies to a “hold” rating in a research note on Thursday, October 3rd. TD Cowen downgraded TotalEnergies from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 30th. Scotiabank decreased their target price on TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating for the company in a research report on Thursday, October 10th. Finally, UBS Group raised TotalEnergies to a “strong-buy” rating in a research report on Wednesday, October 9th. Five equities research analysts have rated the stock with a hold rating, one has issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $78.75.

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.