Taikang Asset Management Hong Kong Co Ltd Invests $1.09 Million in TotalEnergies SE (NYSE:TTE)

Taikang Asset Management Hong Kong Co Ltd purchased a new stake in TotalEnergies SE (NYSE:TTE) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 20,000 shares of the company’s stock, valued at approximately $1,090,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. FSA Wealth Management LLC purchased a new stake in shares of TotalEnergies in the 3rd quarter worth $26,000. Continuum Advisory LLC lifted its stake in TotalEnergies by 70.4% in the third quarter. Continuum Advisory LLC now owns 443 shares of the company’s stock worth $27,000 after acquiring an additional 183 shares during the period. Asset Planning Inc bought a new position in TotalEnergies during the 4th quarter worth about $31,000. HHM Wealth Advisors LLC increased its position in TotalEnergies by 156.3% during the 4th 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 period. Finally, Versant Capital Management Inc bought a new stake in shares of TotalEnergies in the 4th quarter valued at about $45,000. Institutional investors own 16.53% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on TTE shares. Redburn Atlantic raised shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 23rd. Morgan Stanley reiterated an “equal weight” rating and issued a $64.10 price target (down from $70.40) on shares of TotalEnergies in a report on Tuesday, January 7th. BNP Paribas cut TotalEnergies from an “outperform” rating to a “neutral” rating in a research note on Wednesday, November 27th. Piper Sandler cut their target price on TotalEnergies from $77.00 to $62.00 and set a “neutral” rating on the stock in a research note on Thursday, December 19th. Finally, Royal Bank of Canada upgraded shares of TotalEnergies from a “sector perform” rating to an “outperform” rating in a report on Thursday, December 5th. Six investment analysts have rated the stock with a hold rating, two have issued a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, TotalEnergies presently has a consensus rating of “Moderate Buy” and an average target price of $72.42.

TotalEnergies Price Performance

Shares of TTE stock opened at $63.01 on Tuesday. The firm has a market capitalization of $151.09 billion, a price-to-earnings ratio of 9.46, a PEG ratio of 0.98 and a beta of 0.56. 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’s 50-day simple moving average is $60.48 and its 200-day simple moving average is $61.12. TotalEnergies SE has a fifty-two week low of $53.29 and a fifty-two week high of $74.97.

TotalEnergies (NYSE:TTE) last released its earnings results 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%. As a group, equities 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.