TotalEnergies SE (NYSE:TTE) Shares Acquired by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lifted its holdings in shares of TotalEnergies SE (NYSE:TTE) by 9.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 36,070 shares of the company’s stock after purchasing an additional 3,173 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in TotalEnergies were worth $2,430,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. IFP Advisors Inc raised its position in TotalEnergies by 10.2% in the third quarter. IFP Advisors Inc now owns 1,695 shares of the company’s stock valued at $111,000 after purchasing an additional 157 shares during the period. Garland Capital Management Inc. raised its position in TotalEnergies by 0.3% in the third quarter. Garland Capital Management Inc. now owns 62,402 shares of the company’s stock valued at $4,104,000 after purchasing an additional 165 shares during the period. Lantz Financial LLC raised its position in TotalEnergies by 1.3% in the third quarter. Lantz Financial LLC now owns 12,515 shares of the company’s stock valued at $823,000 after purchasing an additional 166 shares during the period. Parkside Financial Bank & Trust raised its position in TotalEnergies by 40.5% in the second quarter. Parkside Financial Bank & Trust now owns 579 shares of the company’s stock valued at $33,000 after purchasing an additional 167 shares during the period. Finally, Sippican Capital Advisors raised its position in TotalEnergies by 4.9% in the second quarter. Sippican Capital Advisors now owns 3,848 shares of the company’s stock valued at $222,000 after purchasing an additional 178 shares during the period. Institutional investors and hedge funds own 13.22% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Piper Sandler raised their price objective on TotalEnergies from $75.00 to $79.00 and gave the company a “neutral” rating in a research report on Thursday. Scotiabank lifted their target price on TotalEnergies from $74.00 to $86.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 11th. Six research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $70.75.

Insider Buying and Selling

In other news, Director Se Totalenergies purchased 196,964 shares of the firm’s stock in a transaction that occurred on Thursday, March 28th. The stock was acquired at an average cost of $22.86 per share, for a total transaction of $4,502,597.04. Following the completion of the purchase, the director now owns 295,235 shares of the company’s stock, valued at $6,749,072.10. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

TotalEnergies Stock Up 1.7 %

Shares of NYSE TTE opened at $72.05 on Monday. TotalEnergies SE has a 1 year low of $54.94 and a 1 year high of $74.06. The firm has a market cap of $169.44 billion, a price-to-earnings ratio of 8.31, a PEG ratio of 1.73 and a beta of 0.72. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.90 and a current ratio of 1.12. The stock’s 50-day simple moving average is $67.87 and its 200-day simple moving average is $66.87.

TotalEnergies (NYSE:TTE) last announced its earnings results on Wednesday, February 7th. The company reported $2.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.43 by ($0.27). TotalEnergies had a return on equity of 19.61% and a net margin of 9.19%. The business had revenue of $54.77 billion for the quarter, compared to analysts’ expectations of $55.14 billion. During the same period in the previous year, the firm posted $2.97 earnings per share. As a group, equities analysts anticipate that TotalEnergies SE will post 9.38 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.