TotalEnergies SE (NYSE:TTE) Shares Acquired by Russell Investments Group Ltd.

Russell Investments Group Ltd. grew its holdings in TotalEnergies SE (NYSE:TTE) by 10.2% in the 4th quarter, HoldingsChannel reports. The firm owned 106,809 shares of the company’s stock after purchasing an additional 9,892 shares during the quarter. Russell Investments Group Ltd.’s holdings in TotalEnergies were worth $7,197,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Addison Advisors LLC grew its stake in shares of TotalEnergies by 68.5% in the fourth quarter. Addison Advisors LLC now owns 541 shares of the company’s stock worth $36,000 after acquiring an additional 220 shares in the last quarter. Gilliland Jeter Wealth Management LLC acquired a new position in TotalEnergies during the 4th quarter worth $202,000. Callan Capital LLC purchased a new stake in TotalEnergies during the 4th quarter worth about $283,000. Evolution Advisers Inc. acquired a new stake in TotalEnergies in the 4th quarter valued at about $29,000. Finally, Simplex Trading LLC purchased a new position in shares of TotalEnergies in the 4th quarter valued at about $613,000. Institutional investors and hedge funds own 13.22% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Scotiabank upped their target price 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. Piper Sandler increased their price objective on shares of TotalEnergies from $75.00 to $79.00 and gave the company a “neutral” rating in a research report on Thursday, April 18th. Six research analysts have rated the stock with a hold rating, According to data from MarketBeat, TotalEnergies currently has a consensus rating of “Hold” and a consensus target price of $70.75.

Insider Activity at TotalEnergies

In other news, Director Se Totalenergies acquired 196,964 shares of the business’s stock in a transaction on Thursday, March 28th. The stock was bought at an average price of $22.86 per share, for a total transaction of $4,502,597.04. Following the transaction, the director now owns 295,235 shares in the company, valued at $6,749,072.10. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

TotalEnergies Stock Performance

NYSE TTE opened at $71.94 on Wednesday. The firm has a market cap of $169.18 billion, a P/E ratio of 8.12, a P/E/G ratio of 1.78 and a beta of 0.70. TotalEnergies SE has a 52-week low of $54.94 and a 52-week high of $74.97. The business’s 50-day moving average price is $69.72 and its 200 day moving average price is $67.42. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.31.

TotalEnergies (NYSE:TTE) last announced its earnings results on Wednesday, February 7th. The company reported $2.16 earnings per share for the quarter, missing the consensus estimate of $2.43 by ($0.27). TotalEnergies had a net margin of 9.52% and a return on equity of 18.30%. The company had revenue of $54.77 billion during the quarter, compared to analysts’ expectations of $55.14 billion. During the same quarter last year, the business posted $2.97 earnings per share. On average, equities research analysts expect that TotalEnergies SE will post 9.18 earnings per share for the current 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.