Brandes Investment Partners LP Increases Position in TotalEnergies SE (NYSE:TTE)

Brandes Investment Partners LP lifted its position in TotalEnergies SE (NYSE:TTE) by 8.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 544,505 shares of the company’s stock after purchasing an additional 41,764 shares during the period. Brandes Investment Partners LP’s holdings in TotalEnergies were worth $29,676,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Aviso Financial Inc. increased its stake in shares of TotalEnergies by 1.5% in the fourth quarter. Aviso Financial Inc. now owns 42,678 shares of the company’s stock worth $2,326,000 after purchasing an additional 624 shares in the last quarter. Mondrian Investment Partners LTD grew its stake in TotalEnergies by 36.0% during the fourth quarter. Mondrian Investment Partners LTD now owns 1,285 shares of the company’s stock valued at $75,000 after acquiring an additional 340 shares in the last quarter. HBK Sorce Advisory LLC purchased a new position in shares of TotalEnergies in the 4th quarter worth $245,000. Farther Finance Advisors LLC grew its stake in shares of TotalEnergies by 29.5% in the 4th quarter. Farther Finance Advisors LLC now owns 4,476 shares of the company’s stock worth $244,000 after buying an additional 1,020 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in shares of TotalEnergies by 13.2% in the 4th quarter. EverSource Wealth Advisors LLC now owns 3,632 shares of the company’s stock worth $198,000 after buying an additional 424 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 the stock. Redburn Atlantic raised shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 23rd. Piper Sandler dropped their price objective on shares of TotalEnergies from $77.00 to $62.00 and set a “neutral” rating for the company in a research note on Thursday, December 19th. Royal Bank of Canada raised shares of TotalEnergies from a “sector perform” rating to an “outperform” rating in a research note on Thursday, December 5th. Morgan Stanley restated an “equal weight” rating and issued a $64.10 target price (down previously from $70.40) on shares of TotalEnergies in a report on Tuesday, January 7th. Finally, BNP Paribas lowered 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 issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $72.42.

TotalEnergies Trading Up 1.4 %

Shares of TTE opened at $62.81 on Friday. TotalEnergies SE has a 1-year low of $53.29 and a 1-year high of $74.97. The company has a 50-day moving average of $59.69 and a 200 day moving average of $61.43. The firm has a market capitalization of $150.59 billion, a price-to-earnings ratio of 9.43, a PEG ratio of 0.98 and a beta of 0.56. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.10 and a quick ratio of 0.88.

TotalEnergies (NYSE:TTE) last announced 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 net margin of 7.34% and a return on equity of 15.22%. On average, research analysts expect that TotalEnergies SE will post 8.02 EPS 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.