Marco Investment Management LLC Grows Stock Position in TotalEnergies SE (NYSE:TTE)

Marco Investment Management LLC raised its holdings in TotalEnergies SE (NYSE:TTE) by 2.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 19,659 shares of the company’s stock after buying an additional 500 shares during the quarter. Marco Investment Management LLC’s holdings in TotalEnergies were worth $1,071,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TTE. Venturi Wealth Management LLC increased its holdings in shares of TotalEnergies by 0.6% in the third quarter. Venturi Wealth Management LLC now owns 27,751 shares of the company’s stock valued at $1,793,000 after purchasing an additional 165 shares during the period. Integrated Wealth Concepts LLC increased its holdings in shares of TotalEnergies by 1.0% in the third quarter. Integrated Wealth Concepts LLC now owns 16,795 shares of the company’s stock valued at $1,085,000 after purchasing an additional 169 shares during the period. Tradition Wealth Management LLC increased its holdings in shares of TotalEnergies by 2.5% in the third quarter. Tradition Wealth Management LLC now owns 7,124 shares of the company’s stock valued at $460,000 after purchasing an additional 171 shares during the period. Apollon Wealth Management LLC increased its holdings in shares of TotalEnergies by 4.1% in the fourth quarter. Apollon Wealth Management LLC now owns 4,448 shares of the company’s stock valued at $242,000 after purchasing an additional 174 shares during the period. Finally, Continuum Advisory LLC increased its holdings in shares of TotalEnergies by 70.4% in the third quarter. Continuum Advisory LLC now owns 443 shares of the company’s stock valued at $27,000 after purchasing an additional 183 shares during the period. 16.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

TotalEnergies Stock Down 0.4 %

Shares of TTE opened at $60.69 on Friday. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.36. TotalEnergies SE has a 12 month low of $53.29 and a 12 month high of $74.97. The stock’s 50 day moving average is $58.86 and its two-hundred day moving average is $61.74. The firm has a market cap of $145.50 billion, a P/E ratio of 9.11, a PEG ratio of 0.98 and a beta of 0.56.

TotalEnergies (NYSE:TTE) last released its earnings results on Wednesday, February 5th. The company reported $1.90 earnings per share for the quarter, beating the consensus estimate of $1.74 by $0.16. TotalEnergies had a return on equity of 15.22% and a net margin of 7.34%. Analysts predict that TotalEnergies SE will post 8.02 earnings per share for the current fiscal year.

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.