International Assets Investment Management LLC Boosts Holdings in TotalEnergies SE (NYSE:TTE)

International Assets Investment Management LLC grew its position in TotalEnergies SE (NYSE:TTE) by 6,549.9% during the 4th quarter, HoldingsChannel reports. The fund owned 503,396 shares of the company’s stock after purchasing an additional 495,826 shares during the period. International Assets Investment Management LLC’s holdings in TotalEnergies were worth $33,919,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Bleakley Financial Group LLC grew its holdings in shares of TotalEnergies by 7.8% in the fourth quarter. Bleakley Financial Group LLC now owns 59,616 shares of the company’s stock worth $4,017,000 after purchasing an additional 4,337 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in TotalEnergies by 5.9% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 126,453 shares of the company’s stock worth $8,520,000 after acquiring an additional 7,062 shares in the last quarter. Stratos Wealth Partners LTD. purchased a new position in shares of TotalEnergies during the fourth quarter worth approximately $387,000. Prime Capital Investment Advisors LLC bought a new stake in shares of TotalEnergies during the fourth quarter valued at approximately $491,000. Finally, Compound Global Advisors LLC purchased a new stake in shares of TotalEnergies in the fourth quarter valued at approximately $12,927,000. 13.22% of the stock is owned by hedge funds and other institutional investors.

TotalEnergies Stock Up 0.3 %

Shares of NYSE TTE opened at $71.63 on Friday. The stock has a market capitalization of $168.45 billion, a PE ratio of 8.06, a price-to-earnings-growth ratio of 1.78 and a beta of 0.70. The company has a current ratio of 1.09, a quick ratio of 0.90 and a debt-to-equity ratio of 0.31. TotalEnergies SE has a 12-month low of $54.94 and a 12-month high of $74.97. The stock’s fifty day simple moving average is $69.42 and its two-hundred day simple moving average is $67.35.

TotalEnergies (NYSE:TTE) last issued its quarterly earnings data on Wednesday, February 7th. The company reported $2.16 earnings per share for the quarter, missing analysts’ consensus estimates of $2.43 by ($0.27). The company had revenue of $54.77 billion for the quarter, compared to the consensus estimate of $55.14 billion. TotalEnergies had a net margin of 9.52% and a return on equity of 18.30%. During the same period in the previous year, the business earned $2.97 EPS. As a group, analysts expect that TotalEnergies SE will post 9.18 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Se Totalenergies bought 196,964 shares of the stock in a transaction on Thursday, March 28th. The stock was bought 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 directly owns 295,235 shares in the company, valued at $6,749,072.10. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Piper Sandler lifted their target price on TotalEnergies from $75.00 to $79.00 and gave the company a “neutral” rating in a research report on Thursday, April 18th. Scotiabank upped their price objective on shares of TotalEnergies from $74.00 to $86.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 11th. Six analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $70.75.

About TotalEnergies

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.