Callan Family Office LLC Takes $1.98 Million Position in TotalEnergies SE (NYSE:TTE)

Callan Family Office LLC purchased a new stake in shares of TotalEnergies SE (NYSE:TTE) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 36,233 shares of the company’s stock, valued at approximately $1,975,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of TTE. Raymond James Financial Inc. bought a new stake in shares of TotalEnergies during the fourth quarter valued at about $156,044,000. Franklin Resources Inc. grew its holdings in shares of TotalEnergies by 62.7% during the third quarter. Franklin Resources Inc. now owns 4,012,961 shares of the company’s stock worth $273,323,000 after purchasing an additional 1,546,866 shares in the last quarter. Barclays PLC grew its holdings in shares of TotalEnergies by 266.5% during the third quarter. Barclays PLC now owns 674,154 shares of the company’s stock worth $43,564,000 after purchasing an additional 490,187 shares in the last quarter. FMR LLC grew its holdings in shares of TotalEnergies by 2.7% during the third quarter. FMR LLC now owns 12,445,228 shares of the company’s stock worth $804,211,000 after purchasing an additional 324,033 shares in the last quarter. Finally, DRW Securities LLC grew its holdings in shares of TotalEnergies by 134.5% during the third quarter. DRW Securities LLC now owns 64,209 shares of the company’s stock worth $4,149,000 after purchasing an additional 250,427 shares in the last quarter. 16.53% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on TTE shares. Piper Sandler cut their price objective on TotalEnergies from $77.00 to $62.00 and set a “neutral” rating for the company in a 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. Morgan Stanley reissued an “equal weight” rating and set a $64.10 price objective (down previously from $70.40) on shares of TotalEnergies in a report on Tuesday, January 7th. Royal Bank of Canada raised TotalEnergies from a “sector perform” rating to an “outperform” rating in a report on Thursday, December 5th. Finally, BNP Paribas lowered TotalEnergies from an “outperform” rating to a “neutral” rating in a research note on Wednesday, November 27th. Six research analysts have rated the stock with a hold rating, two have given a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $72.42.

TotalEnergies Stock Up 0.9 %

Shares of TTE opened at $61.36 on Friday. The firm has a market cap of $147.11 billion, a P/E ratio of 9.21, a P/E/G ratio of 0.98 and a beta of 0.56. The stock has a 50 day simple moving average of $58.86 and a two-hundred day simple moving average of $61.74. 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 SE has a 1 year low of $53.29 and a 1 year high of $74.97.

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

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.