Farther Finance Advisors LLC Grows Stock Holdings in TotalEnergies SE (NYSE:TTE)

Farther Finance Advisors LLC lifted its position in shares of TotalEnergies SE (NYSE:TTE) by 54.1% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,897 shares of the company’s stock after buying an additional 2,421 shares during the quarter. Farther Finance Advisors LLC’s holdings in TotalEnergies were worth $445,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Franklin Resources Inc. lifted its stake in shares of TotalEnergies by 41.7% during the 4th quarter. Franklin Resources Inc. now owns 5,685,348 shares of the company’s stock valued at $309,851,000 after buying an additional 1,672,387 shares in the last quarter. Bank of Montreal Can lifted its stake in shares of TotalEnergies by 13.9% during the 4th quarter. Bank of Montreal Can now owns 484,854 shares of the company’s stock valued at $26,425,000 after buying an additional 59,256 shares in the last quarter. CIBC Asset Management Inc lifted its stake in shares of TotalEnergies by 15.7% during the 4th quarter. CIBC Asset Management Inc now owns 59,100 shares of the company’s stock valued at $3,221,000 after buying an additional 8,000 shares in the last quarter. Royal Bank of Canada lifted its stake in shares of TotalEnergies by 10.0% during the 4th quarter. Royal Bank of Canada now owns 2,917,438 shares of the company’s stock valued at $159,000,000 after buying an additional 265,251 shares in the last quarter. Finally, Equity Investment Corp lifted its stake in shares of TotalEnergies by 10.5% during the 4th quarter. Equity Investment Corp now owns 2,058,589 shares of the company’s stock valued at $112,193,000 after buying an additional 196,277 shares in the last quarter. Hedge funds and other institutional investors own 16.53% of the company’s stock.

TotalEnergies Price Performance

TTE stock opened at $63.48 on Monday. TotalEnergies SE has a 12 month low of $52.78 and a 12 month high of $71.03. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.36. The company has a 50-day moving average price of $58.60 and a 200 day moving average price of $58.86. The stock has a market cap of $152.20 billion, a PE ratio of 9.53, a P/E/G ratio of 0.98 and a beta of 0.56.

TotalEnergies (NYSE:TTE) last released its quarterly earnings results on Wednesday, April 30th. The company reported $1.83 EPS for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.05). TotalEnergies had a return on equity of 15.22% and a net margin of 7.34%. The firm had revenue of $47.90 billion for the quarter, compared to analysts’ expectations of $41.23 billion. During the same period in the prior year, the firm posted $2.14 earnings per share. Equities research analysts anticipate that TotalEnergies SE will post 8.02 earnings per share for the current year.

Analyst Upgrades and Downgrades

TTE has been the topic of a number of research reports. Dbs Bank upgraded shares of TotalEnergies from a “hold” rating to a “buy” rating in a report on Wednesday, May 7th. BNP Paribas upgraded shares of TotalEnergies from a “neutral” rating to an “outperform” rating in a report on Tuesday, April 15th. Citigroup upgraded shares of TotalEnergies from a “neutral” rating to a “buy” rating in a report on Wednesday, March 26th. Piper Sandler lifted their price target on shares of TotalEnergies from $62.00 to $65.00 and gave the company a “neutral” rating in a report on Tuesday, May 13th. Finally, HSBC restated a “buy” rating on shares of TotalEnergies in a report on Tuesday, May 13th. Four equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, TotalEnergies currently has an average rating of “Moderate Buy” and a consensus target price of $69.36.

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.