Private Capital Management LLC Has $1.12 Million Holdings in TotalEnergies SE (NYSE:TTE)

Private Capital Management LLC raised its position in TotalEnergies SE (NYSE:TTE) by 68.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,264 shares of the company’s stock after purchasing an additional 7,000 shares during the quarter. Private Capital Management LLC’s holdings in TotalEnergies were worth $1,116,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of TTE. FMR LLC grew its holdings in shares of TotalEnergies by 2.7% during the third quarter. FMR LLC now owns 12,445,228 shares of the company’s stock worth $804,211,000 after buying an additional 324,033 shares in the last quarter. Franklin Resources Inc. boosted its position in TotalEnergies by 62.7% during the 3rd quarter. Franklin Resources Inc. now owns 4,012,961 shares of the company’s stock worth $273,323,000 after acquiring an additional 1,546,866 shares during the last quarter. Natixis Advisors LLC boosted its position in TotalEnergies by 4.9% during the 3rd quarter. Natixis Advisors LLC now owns 2,266,950 shares of the company’s stock worth $146,490,000 after acquiring an additional 106,347 shares during the last quarter. Equity Investment Corp grew its stake in shares of TotalEnergies by 10.5% during the 4th quarter. Equity Investment Corp now owns 2,058,589 shares of the company’s stock worth $112,193,000 after acquiring an additional 196,277 shares in the last quarter. Finally, Todd Asset Management LLC raised its holdings in shares of TotalEnergies by 1.2% in the fourth quarter. Todd Asset Management LLC now owns 1,178,840 shares of the company’s stock valued at $64,247,000 after purchasing an additional 13,503 shares during the last quarter. 16.53% of the stock is currently owned by institutional investors.

TotalEnergies Trading Down 0.7 %

TotalEnergies stock opened at $60.05 on Friday. The stock has a 50-day simple moving average of $58.25 and a 200 day simple moving average of $62.00. The stock has a market capitalization of $141.80 billion, a P/E ratio of 9.02, a PEG ratio of 0.98 and a beta of 0.61. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.88 and a current ratio of 1.10. TotalEnergies SE has a 52 week low of $53.29 and a 52 week 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 (EPS) 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%. Analysts expect that TotalEnergies SE will post 8.02 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

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.