Argyle Capital Management LLC Increases Stock Position in TotalEnergies SE (NYSE:TTE)

Argyle Capital Management LLC boosted its position in TotalEnergies SE (NYSE:TTE) by 5.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,166 shares of the company’s stock after acquiring an additional 366 shares during the period. Argyle Capital Management LLC’s holdings in TotalEnergies were worth $391,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of TTE. Franklin Resources Inc. increased its stake in shares of TotalEnergies by 62.7% during the third quarter. Franklin Resources Inc. now owns 4,012,961 shares of the company’s stock valued at $273,323,000 after buying an additional 1,546,866 shares during the period. Barclays PLC boosted its holdings in TotalEnergies by 266.5% in the third quarter. Barclays PLC now owns 674,154 shares of the company’s stock valued at $43,564,000 after acquiring an additional 490,187 shares in the last quarter. FMR LLC boosted its holdings in TotalEnergies by 2.7% in the third quarter. FMR LLC now owns 12,445,228 shares of the company’s stock valued at $804,211,000 after acquiring an additional 324,033 shares in the last quarter. DRW Securities LLC increased its position in TotalEnergies by 134.5% during the 3rd quarter. DRW Securities LLC now owns 64,209 shares of the company’s stock valued at $4,149,000 after purchasing an additional 250,427 shares during the period. Finally, Equity Investment Corp raised its holdings in TotalEnergies by 10.5% in the 4th quarter. Equity Investment Corp now owns 2,058,589 shares of the company’s stock worth $112,193,000 after purchasing an additional 196,277 shares in the last quarter. Hedge funds and other institutional investors own 16.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. 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 raised TotalEnergies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 23rd. Morgan Stanley reissued an “equal weight” rating and issued a $64.10 target price (down previously from $70.40) on shares of TotalEnergies in a research report on Tuesday, January 7th. Piper Sandler dropped their price target on TotalEnergies from $77.00 to $62.00 and set a “neutral” rating on the stock in a research report on Thursday, December 19th. Finally, BNP Paribas downgraded 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 company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $72.42.

TotalEnergies Stock Performance

Shares of TTE opened at $60.05 on Friday. The business’s 50 day moving average price is $58.25 and its 200-day moving average price is $62.00. The stock has a market cap of $141.80 billion, a P/E ratio of 9.02, a P/E/G ratio of 0.98 and a beta of 0.61. TotalEnergies SE has a 52 week low of $53.29 and a 52 week 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.

TotalEnergies (NYSE:TTE) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $1.90 EPS for the quarter, beating analysts’ consensus estimates of $1.74 by $0.16. TotalEnergies had a net margin of 7.34% and a return on equity of 15.22%. Equities research analysts anticipate that TotalEnergies SE will post 8.02 earnings per share for the current fiscal year.

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.