Avantax Planning Partners Inc. Purchases 567 Shares of TotalEnergies SE (NYSE:TTE)

Avantax Planning Partners Inc. grew its stake in TotalEnergies SE (NYSE:TTE) by 9.3% in the fourth quarter, HoldingsChannel reports. The fund owned 6,650 shares of the company’s stock after acquiring an additional 567 shares during the period. Avantax Planning Partners Inc.’s holdings in TotalEnergies were worth $362,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on TTE shares. Royal Bank of Canada raised shares of TotalEnergies from a “sector perform” rating to an “outperform” rating in a research note on Thursday, December 5th. Redburn Atlantic upgraded shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 23rd. Morgan Stanley reiterated an “equal weight” rating and set a $64.10 price target (down previously from $70.40) on shares of TotalEnergies in a research report on Tuesday, January 7th. Piper Sandler lowered their price target 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. Finally, BNP Paribas cut shares of TotalEnergies from an “outperform” rating to a “neutral” rating in a report on Wednesday, November 27th. 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, the company has an average rating of “Moderate Buy” and a consensus target price of $72.42.

TotalEnergies Stock Up 0.1 %

TotalEnergies stock opened at $61.54 on Thursday. The stock has a market capitalization of $147.56 billion, a PE ratio of 9.24, a price-to-earnings-growth ratio of 0.98 and a beta of 0.56. TotalEnergies SE has a twelve month low of $53.29 and a twelve month high of $74.97. 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 company has a 50 day moving average of $59.40 and a 200-day moving average of $61.47.

TotalEnergies (NYSE:TTE) last released its quarterly earnings results on Wednesday, February 5th. The company reported $1.90 earnings per share for the quarter, beating 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%. On average, equities research analysts anticipate that TotalEnergies SE will post 8.02 EPS 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.