10,200 Shares in TotalEnergies SE (NYSE:TTE) Acquired by Independent Solutions Wealth Management LLC

Independent Solutions Wealth Management LLC acquired a new stake in shares of TotalEnergies SE (NYSE:TTE) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 10,200 shares of the company’s stock, valued at approximately $556,000.

Several other large investors have also modified their holdings of TTE. HUB Investment Partners LLC purchased a new stake in shares of TotalEnergies during the fourth quarter valued at $208,000. Boston Partners lifted its stake in TotalEnergies by 21.7% during the fourth quarter. Boston Partners now owns 34,037 shares of the company’s stock valued at $1,862,000 after buying an additional 6,062 shares in the last quarter. Horizon Investments LLC boosted its holdings in shares of TotalEnergies by 2.3% in the fourth quarter. Horizon Investments LLC now owns 10,652 shares of the company’s stock worth $581,000 after buying an additional 237 shares during the period. Thrivent Financial for Lutherans increased its position in shares of TotalEnergies by 139.5% in the fourth quarter. Thrivent Financial for Lutherans now owns 7,862 shares of the company’s stock worth $452,000 after acquiring an additional 4,579 shares in the last quarter. Finally, Signaturefd LLC raised its holdings in shares of TotalEnergies by 0.6% during the fourth quarter. Signaturefd LLC now owns 36,499 shares of the company’s stock valued at $1,989,000 after acquiring an additional 231 shares during the period. 16.53% of the stock is owned by institutional investors.

TotalEnergies Price Performance

NYSE TTE opened at $64.02 on Friday. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $153.49 billion, a PE ratio of 9.61, a price-to-earnings-growth ratio of 0.98 and a beta of 0.56. TotalEnergies SE has a 12-month low of $53.29 and a 12-month high of $74.97. The company has a 50 day moving average price of $60.23 and a two-hundred day moving average price of $61.26.

TotalEnergies (NYSE:TTE) last issued its quarterly earnings data 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 net margin of 7.34% and a return on equity of 15.22%. As a group, equities analysts predict that TotalEnergies SE will post 8.02 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on TTE. Redburn Atlantic upgraded shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 23rd. BNP Paribas lowered TotalEnergies from an “outperform” rating to a “neutral” rating in a research report on Wednesday, November 27th. Piper Sandler lowered 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. Royal Bank of Canada raised shares of TotalEnergies from a “sector perform” rating to an “outperform” rating in a research report on Thursday, December 5th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $64.10 price objective (down from $70.40) on shares of TotalEnergies in a research report on Tuesday, January 7th. Six equities research analysts have rated the stock with a hold rating, two have issued a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, TotalEnergies has an average rating of “Moderate Buy” and an average target price of $72.42.

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.