Smartleaf Asset Management LLC Grows Position in TotalEnergies SE (NYSE:TTE)

Smartleaf Asset Management LLC grew its stake in TotalEnergies SE (NYSE:TTE) by 178.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,168 shares of the company’s stock after buying an additional 4,597 shares during the period. Smartleaf Asset Management LLC’s holdings in TotalEnergies were worth $391,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in TTE. FSA Wealth Management LLC acquired a new position in shares of TotalEnergies in the 3rd quarter valued at $26,000. Continuum Advisory LLC grew its stake in TotalEnergies by 70.4% during the 3rd quarter. Continuum Advisory LLC now owns 443 shares of the company’s stock valued at $27,000 after purchasing an additional 183 shares during the last quarter. Asset Planning Inc acquired a new position in shares of TotalEnergies in the fourth quarter valued at about $31,000. HHM Wealth Advisors LLC raised its stake in shares of TotalEnergies by 156.3% in the fourth quarter. HHM Wealth Advisors LLC now owns 656 shares of the company’s stock worth $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 during the fourth quarter worth about $45,000. 16.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently weighed in on TTE. Royal Bank of Canada upgraded shares of TotalEnergies from a “sector perform” rating to an “outperform” rating in a report on Thursday, December 5th. Morgan Stanley reiterated an “equal weight” rating and issued a $64.10 price objective (down previously from $70.40) on shares of TotalEnergies in a research note on Tuesday, January 7th. Piper Sandler decreased their target price on shares of TotalEnergies from $77.00 to $62.00 and set a “neutral” rating for the company in a research report on Thursday, December 19th. Redburn Atlantic raised TotalEnergies from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 23rd. Finally, BNP Paribas downgraded shares of TotalEnergies from an “outperform” rating to a “neutral” rating in a research report on Wednesday, November 27th. Six research 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. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $72.42.

TotalEnergies Stock Performance

NYSE:TTE opened at $59.99 on Wednesday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.88 and a current ratio of 1.10. The stock has a market capitalization of $143.82 billion, a PE ratio of 9.01, a P/E/G ratio of 0.98 and a beta of 0.61. TotalEnergies SE has a fifty-two week low of $53.29 and a fifty-two week high of $74.97. The company has a fifty day moving average of $58.60 and a two-hundred day moving average of $61.75.

TotalEnergies (NYSE:TTE) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $1.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.74 by $0.16. TotalEnergies had a return on equity of 15.22% and a net margin of 7.34%. As a group, research analysts forecast that TotalEnergies SE will post 8.02 earnings per share for the current fiscal 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.