HUB Investment Partners LLC Takes Position in TotalEnergies SE (NYSE:TTE)

HUB Investment Partners LLC bought a new stake in shares of TotalEnergies SE (NYSE:TTE) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 3,825 shares of the company’s stock, valued at approximately $208,000.

A number of other institutional investors have also recently modified their holdings of TTE. Raymond James Financial Inc. acquired a new stake in shares of TotalEnergies during the 4th quarter valued at about $156,044,000. Franklin Resources Inc. grew its position in shares of TotalEnergies by 62.7% during the 3rd quarter. Franklin Resources Inc. now owns 4,012,961 shares of the company’s stock valued at $273,323,000 after acquiring an additional 1,546,866 shares during the period. Barclays PLC grew its position in shares of TotalEnergies by 266.5% during the 3rd quarter. Barclays PLC now owns 674,154 shares of the company’s stock valued at $43,564,000 after acquiring an additional 490,187 shares during the period. FMR LLC lifted its stake in TotalEnergies by 2.7% in the 3rd quarter. FMR LLC now owns 12,445,228 shares of the company’s stock valued at $804,211,000 after buying an additional 324,033 shares in the last quarter. Finally, DRW Securities LLC lifted its stake in TotalEnergies by 134.5% in the 3rd quarter. DRW Securities LLC now owns 64,209 shares of the company’s stock valued at $4,149,000 after buying an additional 250,427 shares in the last quarter. 16.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TTE has been the topic of a number of research reports. BNP Paribas lowered shares of TotalEnergies from an “outperform” rating to a “neutral” rating in a research note on Wednesday, November 27th. Redburn Atlantic raised shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 23rd. 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. Piper Sandler decreased their price target on shares of TotalEnergies from $77.00 to $62.00 and set a “neutral” rating on the stock in a research note on Thursday, December 19th. Finally, Morgan Stanley reaffirmed 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. Six analysts have rated the stock with a hold rating, two have assigned a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $72.42.

TotalEnergies Trading Down 1.0 %

TTE opened at $63.39 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 company’s 50 day simple moving average is $60.36 and its two-hundred day simple moving average is $61.18. TotalEnergies SE has a 1-year low of $53.29 and a 1-year high of $74.97. The firm has a market capitalization of $151.99 billion, a price-to-earnings ratio of 9.52, a price-to-earnings-growth ratio of 0.98 and a beta of 0.56.

TotalEnergies (NYSE:TTE) last released its earnings results on Wednesday, February 5th. The company reported $1.90 earnings per share for the quarter, topping 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%. Analysts expect that TotalEnergies SE will post 8.02 EPS for the current fiscal year.

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.