Hartford Funds Management Co LLC Purchases 3,025 Shares of TotalEnergies SE (NYSE:TTE)

Hartford Funds Management Co LLC grew its stake in shares of TotalEnergies SE (NYSE:TTE) by 42.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,087 shares of the company’s stock after purchasing an additional 3,025 shares during the quarter. Hartford Funds Management Co LLC’s holdings in TotalEnergies were worth $680,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in TTE. Envestnet Asset Management Inc. boosted its stake in shares of TotalEnergies by 27.1% during the third quarter. Envestnet Asset Management Inc. now owns 2,765,323 shares of the company’s stock valued at $181,848,000 after purchasing an additional 590,372 shares during the period. International Assets Investment Management LLC boosted its stake in shares of TotalEnergies by 6,549.9% during the fourth quarter. International Assets Investment Management LLC now owns 503,396 shares of the company’s stock valued at $33,919,000 after purchasing an additional 495,826 shares during the period. HighTower Advisors LLC boosted its stake in shares of TotalEnergies by 207.8% during the third quarter. HighTower Advisors LLC now owns 667,732 shares of the company’s stock valued at $43,934,000 after purchasing an additional 450,788 shares during the period. Sound Shore Management Inc CT boosted its stake in shares of TotalEnergies by 30.2% during the third quarter. Sound Shore Management Inc CT now owns 1,551,641 shares of the company’s stock valued at $102,036,000 after purchasing an additional 359,871 shares during the period. Finally, Barclays PLC boosted its stake in shares of TotalEnergies by 162.4% during the third quarter. Barclays PLC now owns 430,239 shares of the company’s stock valued at $28,293,000 after purchasing an additional 266,300 shares during the period. 13.22% of the stock is owned by hedge funds and other institutional investors.

TotalEnergies Stock Down 2.7 %

TotalEnergies stock traded down $2.02 during trading hours on Tuesday, reaching $72.46. The stock had a trading volume of 1,735,377 shares, compared to its average volume of 1,698,091. The company has a market cap of $170.40 billion, a price-to-earnings ratio of 8.18, a PEG ratio of 1.67 and a beta of 0.72. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.12 and a quick ratio of 0.90. The business’s 50 day moving average price is $69.12 and its 200-day moving average price is $67.29. TotalEnergies SE has a 52 week low of $54.94 and a 52 week high of $74.97.

TotalEnergies (NYSE:TTE) last issued its quarterly earnings results on Wednesday, February 7th. The company reported $2.16 earnings per share for the quarter, missing the consensus estimate of $2.43 by ($0.27). TotalEnergies had a return on equity of 18.41% and a net margin of 9.52%. The business had revenue of $54.77 billion during the quarter, compared to analyst estimates of $55.14 billion. During the same quarter last year, the company posted $2.97 EPS. Sell-side analysts anticipate that TotalEnergies SE will post 9.32 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on TTE shares. Piper Sandler boosted their target price on shares of TotalEnergies from $75.00 to $79.00 and gave the company a “neutral” rating in a research note on Thursday, April 18th. Scotiabank upped their price objective on shares of TotalEnergies from $74.00 to $86.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 11th. Six investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $70.75.

Insiders Place Their Bets

In related news, Director Se Totalenergies acquired 196,964 shares of the stock in a transaction on Thursday, March 28th. The shares were acquired at an average price of $22.86 per share, for a total transaction of $4,502,597.04. Following the transaction, the director now owns 295,235 shares in the company, valued at approximately $6,749,072.10. The purchase was disclosed in a filing with the SEC, which is available through this link.

TotalEnergies 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.