Park Avenue Securities LLC Purchases 2,185 Shares of TotalEnergies SE (NYSE:TTE)

Park Avenue Securities LLC raised its position in shares of TotalEnergies SE (NYSE:TTE) by 6.6% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 35,415 shares of the company’s stock after acquiring an additional 2,185 shares during the quarter. Park Avenue Securities LLC’s holdings in TotalEnergies were worth $2,291,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Bank of America Corp DE raised its holdings in TotalEnergies by 121.1% in the 4th quarter. Bank of America Corp DE now owns 7,648,225 shares of the company’s stock worth $416,828,000 after acquiring an additional 4,189,652 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of TotalEnergies during the 4th quarter valued at $156,044,000. Franklin Resources Inc. grew its position in shares of TotalEnergies by 41.7% during the 4th quarter. Franklin Resources Inc. now owns 5,685,348 shares of the company’s stock valued at $309,851,000 after acquiring an additional 1,672,387 shares during the period. Northern Trust Corp boosted its holdings in TotalEnergies by 41.7% in the 4th quarter. Northern Trust Corp now owns 1,783,017 shares of the company’s stock worth $97,174,000 after buying an additional 524,314 shares during the period. Finally, BNP Paribas Financial Markets boosted its holdings in TotalEnergies by 295.3% in the 4th quarter. BNP Paribas Financial Markets now owns 689,494 shares of the company’s stock worth $37,577,000 after buying an additional 515,088 shares during the period. 16.53% of the stock is owned by institutional investors.

TotalEnergies Price Performance

Shares of TTE stock opened at $60.85 on Wednesday. The firm’s 50-day moving average is $58.17 and its two-hundred day moving average is $58.74. The company has a market capitalization of $145.91 billion, a PE ratio of 9.14, a price-to-earnings-growth ratio of 0.98 and a beta of 0.56. TotalEnergies SE has a 12 month low of $52.78 and a 12 month high of $71.03. 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, April 30th. The company reported $1.83 earnings per share for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.05). The business had revenue of $47.90 billion during the quarter, compared to analyst estimates of $41.23 billion. TotalEnergies had a net margin of 7.34% and a return on equity of 15.22%. During the same quarter last year, the firm posted $2.14 EPS. Analysts predict that TotalEnergies SE will post 8.02 earnings per share for the current year.

Wall Street Analyst Weigh In

TTE has been the topic of several research analyst reports. Morgan Stanley upgraded shares of TotalEnergies from an “equal weight” rating to an “overweight” rating and set a $60.80 price target on the stock in a research note on Monday, May 12th. Scotiabank reduced their price objective on shares of TotalEnergies from $65.00 to $60.00 and set a “sector perform” rating on the stock in a research report on Friday, April 11th. Piper Sandler upped their target price on shares of TotalEnergies from $62.00 to $65.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 13th. BNP Paribas upgraded shares of TotalEnergies from a “neutral” rating to an “outperform” rating in a research note on Tuesday, April 15th. Finally, Citigroup upgraded shares of TotalEnergies from a “neutral” rating to a “buy” rating in a research note on Wednesday, March 26th. Four equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, TotalEnergies has an average rating of “Moderate Buy” and a consensus price target of $69.36.

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.