Bruce G. Allen Investments LLC Has $238,000 Position in TotalEnergies SE (NYSE:TTE)

Bruce G. Allen Investments LLC increased its position in shares of TotalEnergies SE (NYSE:TTE) by 28.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,672 shares of the company’s stock after buying an additional 804 shares during the quarter. Bruce G. Allen Investments LLC’s holdings in TotalEnergies were worth $238,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Bank of America Corp DE grew its holdings in shares of TotalEnergies by 121.1% during the 4th quarter. Bank of America Corp DE now owns 7,648,225 shares of the company’s stock worth $416,828,000 after purchasing an additional 4,189,652 shares in the last quarter. Raymond James Financial Inc. bought a new position in TotalEnergies in the fourth quarter worth $156,044,000. Franklin Resources Inc. boosted its stake in TotalEnergies by 41.7% during the fourth quarter. Franklin Resources Inc. now owns 5,685,348 shares of the company’s stock worth $309,851,000 after buying an additional 1,672,387 shares in the last quarter. Northern Trust Corp increased its holdings in TotalEnergies by 41.7% in the 4th quarter. Northern Trust Corp now owns 1,783,017 shares of the company’s stock valued at $97,174,000 after buying an additional 524,314 shares during the period. Finally, BNP Paribas Financial Markets increased its holdings in TotalEnergies by 295.3% in the 4th quarter. BNP Paribas Financial Markets now owns 689,494 shares of the company’s stock valued at $37,577,000 after buying an additional 515,088 shares during the period. 16.53% of the stock is owned by institutional investors and hedge funds.

TotalEnergies Price Performance

TotalEnergies stock opened at $59.32 on Monday. The business’s fifty day moving average is $58.29 and its two-hundred day moving average is $58.73. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.88 and a current ratio of 1.10. The firm has a market cap of $142.23 billion, a P/E ratio of 8.91, a P/E/G ratio of 0.98 and a beta of 0.56. TotalEnergies SE has a 52 week low of $52.78 and a 52 week high of $71.03.

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

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on TTE shares. Piper Sandler lifted their target price on shares of TotalEnergies from $62.00 to $65.00 and gave the company a “neutral” rating in a research report on Tuesday, May 13th. Dbs Bank upgraded shares of TotalEnergies from a “hold” rating to a “buy” rating in a research note on Wednesday, May 7th. HSBC reiterated a “buy” rating on shares of TotalEnergies in a research note on Tuesday, May 13th. BNP Paribas upgraded TotalEnergies from a “neutral” rating to an “outperform” rating in a research report on Tuesday, April 15th. Finally, Scotiabank lowered their price target on TotalEnergies from $65.00 to $60.00 and set a “sector perform” rating on the stock in a research report on Friday, April 11th. Four analysts have rated the stock with a hold rating, seven have given a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $69.36.

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.