Smartleaf Asset Management LLC Acquires 4,597 Shares of TotalEnergies SE (NYSE:TTE)

Smartleaf Asset Management LLC boosted its holdings in shares of TotalEnergies SE (NYSE:TTE) by 178.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,168 shares of the company’s stock after acquiring an additional 4,597 shares during the quarter. Smartleaf Asset Management LLC’s holdings in TotalEnergies were worth $391,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of TTE. US Bancorp DE lifted its position in shares of TotalEnergies by 45.9% during the fourth quarter. US Bancorp DE now owns 125,569 shares of the company’s stock worth $6,844,000 after purchasing an additional 39,492 shares during the last quarter. SVB Wealth LLC purchased a new position in TotalEnergies in the 4th quarter worth about $276,000. Altrius Capital Management Inc lifted its holdings in TotalEnergies by 9.2% during the 4th quarter. Altrius Capital Management Inc now owns 132,553 shares of the company’s stock valued at $7,224,000 after buying an additional 11,160 shares in the last quarter. Private Capital Management LLC boosted its position in TotalEnergies by 68.2% in the 3rd quarter. Private Capital Management LLC now owns 17,264 shares of the company’s stock valued at $1,116,000 after buying an additional 7,000 shares during the period. Finally, Argyle Capital Management LLC grew its stake in TotalEnergies by 5.4% in the 4th quarter. Argyle Capital Management LLC now owns 7,166 shares of the company’s stock worth $391,000 after acquiring an additional 366 shares in the last quarter. Institutional investors own 16.53% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on TTE shares. Redburn Atlantic raised shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 23rd. Morgan Stanley reaffirmed an “equal weight” rating and set a $64.10 target price (down from $70.40) on shares of TotalEnergies in a research report on Tuesday, January 7th. BNP Paribas downgraded TotalEnergies from an “outperform” rating to a “neutral” rating in a research report on Wednesday, November 27th. Royal Bank of Canada upgraded TotalEnergies from a “sector perform” rating to an “outperform” rating in a research note on Thursday, December 5th. Finally, Piper Sandler lowered their price objective on shares of TotalEnergies from $77.00 to $62.00 and set a “neutral” rating for the company in a research note on Thursday, December 19th. Six equities research analysts have rated the stock with a hold rating, two have given a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $72.42.

TotalEnergies Trading Up 0.3 %

TTE opened at $59.99 on Wednesday. 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 firm has a market cap of $143.82 billion, a price-to-earnings ratio of 9.01, a PEG ratio of 0.98 and a beta of 0.61. TotalEnergies SE has a 12 month low of $53.29 and a 12 month high of $74.97. The stock has a fifty day moving average price of $58.60 and a 200-day moving average price of $61.75.

TotalEnergies (NYSE:TTE) last announced its earnings results on Wednesday, February 5th. The company reported $1.90 EPS for the quarter, topping 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%. As a group, 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.