Zions Bancorporation N.A. Purchases 52,120 Shares of TotalEnergies SE (NYSE:TTE)

Zions Bancorporation N.A. grew its holdings in TotalEnergies SE (NYSE:TTE) by 48.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 160,660 shares of the company’s stock after acquiring an additional 52,120 shares during the period. TotalEnergies accounts for approximately 0.6% of Zions Bancorporation N.A.’s holdings, making the stock its 27th largest position. Zions Bancorporation N.A.’s holdings in TotalEnergies were worth $8,756,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the business. FSA Wealth Management LLC bought a new stake in shares of TotalEnergies during the 3rd quarter worth about $26,000. Continuum Advisory LLC lifted its holdings in TotalEnergies by 70.4% in the 3rd quarter. Continuum Advisory LLC now owns 443 shares of the company’s stock worth $27,000 after purchasing an additional 183 shares during the last quarter. Asset Planning Inc bought a new stake in TotalEnergies during the fourth quarter worth approximately $31,000. HHM Wealth Advisors LLC grew its position in shares of TotalEnergies by 156.3% in the fourth quarter. HHM Wealth Advisors LLC now owns 656 shares of the company’s stock valued at $36,000 after purchasing an additional 400 shares during the last quarter. Finally, Versant Capital Management Inc acquired a new stake in shares of TotalEnergies in the fourth quarter worth $45,000. Institutional investors and hedge funds own 16.53% of the company’s stock.

TotalEnergies Trading Down 0.5 %

Shares of TTE stock opened at $63.01 on Tuesday. The company has a market capitalization of $151.09 billion, a P/E ratio of 9.46, a P/E/G ratio of 0.98 and a beta of 0.56. TotalEnergies SE has a 12-month low of $53.29 and a 12-month high of $74.97. 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 firm has a 50-day moving average price of $60.48 and a 200 day moving average price of $61.12.

TotalEnergies (NYSE:TTE) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $1.90 earnings per share for the quarter, topping 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%. Research analysts forecast that TotalEnergies SE will post 8.02 earnings per share for the current fiscal year.

Analysts Set New Price Targets

TTE has been the topic of several research reports. Royal Bank of Canada upgraded TotalEnergies from a “sector perform” rating to an “outperform” rating in a research note on Thursday, December 5th. Piper Sandler lowered their price target 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. BNP Paribas downgraded shares of TotalEnergies from an “outperform” rating to a “neutral” rating in a report 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. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $64.10 price target (down previously from $70.40) on shares of TotalEnergies in a research report on Tuesday, January 7th. Six analysts have rated the stock with a hold rating, two have assigned a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $72.42.

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.