Clearbridge Investments LLC Raises Holdings in TotalEnergies SE (NYSE:TTE)

Clearbridge Investments LLC raised its holdings in shares of TotalEnergies SE (NYSE:TTE) by 1.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,039,311 shares of the company’s stock after purchasing an additional 31,123 shares during the period. Clearbridge Investments LLC owned approximately 0.09% of TotalEnergies worth $140,366,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Sei Investments Co. raised its holdings in TotalEnergies by 158.2% in the 1st quarter. Sei Investments Co. now owns 928,103 shares of the company’s stock worth $63,881,000 after purchasing an additional 568,672 shares during the period. International Assets Investment Management LLC raised its holdings in TotalEnergies by 6,549.9% in the 4th quarter. International Assets Investment Management LLC now owns 503,396 shares of the company’s stock worth $33,919,000 after purchasing an additional 495,826 shares during the period. Natixis Advisors L.P. raised its holdings in TotalEnergies by 29.4% in the 4th quarter. Natixis Advisors L.P. now owns 1,988,119 shares of the company’s stock worth $133,959,000 after purchasing an additional 451,597 shares during the period. BNP Paribas Financial Markets raised its holdings in TotalEnergies by 159,211.0% in the 1st quarter. BNP Paribas Financial Markets now owns 434,919 shares of the company’s stock worth $29,935,000 after purchasing an additional 434,646 shares during the period. Finally, Fisher Asset Management LLC raised its holdings in TotalEnergies by 2.0% in the 4th quarter. Fisher Asset Management LLC now owns 21,184,792 shares of the company’s stock worth $1,427,431,000 after purchasing an additional 419,487 shares during the period. 13.22% of the stock is currently owned by hedge funds and other institutional investors.

TotalEnergies Trading Down 2.0 %

TTE traded down $1.38 on Tuesday, hitting $67.20. The company had a trading volume of 1,200,213 shares, compared to its average volume of 1,510,992. The company has a market cap of $158.69 billion, a PE ratio of 7.58, a PEG ratio of 1.68 and a beta of 0.64. TotalEnergies SE has a 12-month low of $57.97 and a 12-month high of $74.97. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.31. The business’s fifty day simple moving average is $69.32 and its 200 day simple moving average is $68.44.

TotalEnergies (NYSE:TTE) last released its quarterly earnings results on Friday, April 26th. The company reported $2.14 EPS for the quarter, topping the consensus estimate of $1.96 by $0.18. The company had revenue of $56.28 billion during the quarter, compared to analyst estimates of $59.64 billion. TotalEnergies had a return on equity of 18.30% and a net margin of 9.52%. Equities research analysts expect that TotalEnergies SE will post 9.12 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Piper Sandler increased their price target on TotalEnergies from $75.00 to $79.00 and gave the stock a “neutral” rating in a research note on Thursday, April 18th. Scotiabank cut their price target on TotalEnergies from $86.00 to $80.00 and set a “sector perform” rating for the company in a research note on Friday, July 12th. Finally, Wolfe Research assumed coverage on TotalEnergies in a research note on Thursday, July 18th. They issued an “outperform” rating and a $87.00 price target for the company. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, TotalEnergies currently has an average rating of “Hold” and a consensus price target of $76.00.

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.