Steward Partners Investment Advisory LLC Buys 3,939 Shares of TotalEnergies SE (NYSE:TTE)

Steward Partners Investment Advisory LLC lifted its stake in TotalEnergies SE (NYSE:TTE) by 31.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,395 shares of the company’s stock after purchasing an additional 3,939 shares during the period. Steward Partners Investment Advisory LLC’s holdings in TotalEnergies were worth $894,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Van ECK Associates Corp grew its holdings in TotalEnergies by 10.3% during the 3rd quarter. Van ECK Associates Corp now owns 33,828 shares of the company’s stock worth $2,185,000 after acquiring an additional 3,159 shares in the last quarter. CWA Asset Management Group LLC bought a new position in TotalEnergies during the 3rd quarter worth about $823,000. Assetmark Inc. grew its holdings in TotalEnergies by 11.2% during the 3rd quarter. Assetmark Inc. now owns 151,826 shares of the company’s stock worth $9,811,000 after acquiring an additional 15,336 shares in the last quarter. Mesirow Financial Investment Management Inc. bought a new position in TotalEnergies during the 3rd quarter worth about $214,000. Finally, Legacy Capital Wealth Partners LLC bought a new position in TotalEnergies during the 3rd quarter worth about $546,000. 16.53% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on TTE shares. Morgan Stanley reiterated an “equal weight” rating and set a $64.10 target price (down from $70.40) on shares of TotalEnergies in a report on Tuesday, January 7th. Piper Sandler dropped their target price on shares of TotalEnergies from $77.00 to $62.00 and set a “neutral” rating on the stock in a report on Thursday, December 19th. Redburn Atlantic upgraded shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 23rd. Royal Bank of Canada upgraded shares of TotalEnergies from a “sector perform” rating to an “outperform” rating in a report on Thursday, December 5th. Finally, BNP Paribas cut shares of TotalEnergies from an “outperform” rating to a “neutral” rating in a report on Wednesday, November 27th. Six investment analysts have rated the stock with a hold rating, two have given a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, TotalEnergies currently has a consensus rating of “Moderate Buy” and a consensus price target of $72.42.

TotalEnergies Stock Performance

Shares of TotalEnergies stock opened at $61.12 on Tuesday. The firm has a market capitalization of $146.53 billion, a P/E ratio of 9.18, a PEG ratio of 0.98 and a beta of 0.56. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.36. The company has a 50 day moving average price of $59.13 and a 200 day moving average price of $61.53. TotalEnergies SE has a 52 week low of $53.29 and a 52 week high of $74.97.

TotalEnergies (NYSE:TTE) last announced its quarterly earnings data 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 net margin of 7.34% and a return on equity of 15.22%. Sell-side analysts expect that TotalEnergies SE will post 8.02 EPS for the current year.

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.