Natixis Advisors L.P. Acquires 451,597 Shares of TotalEnergies SE (NYSE:TTE)

Natixis Advisors L.P. boosted its holdings in TotalEnergies SE (NYSE:TTE) by 29.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,988,119 shares of the company’s stock after buying an additional 451,597 shares during the period. Natixis Advisors L.P. owned approximately 0.08% of TotalEnergies worth $133,959,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Key Financial Inc boosted its stake in TotalEnergies by 139.0% in the fourth quarter. Key Financial Inc now owns 380 shares of the company’s stock worth $26,000 after buying an additional 221 shares in the last quarter. Evolution Advisers Inc. bought a new stake in TotalEnergies during the 4th quarter valued at $29,000. Arlington Trust Co LLC purchased a new stake in TotalEnergies during the 3rd quarter valued at $31,000. Motco increased its position in shares of TotalEnergies by 216.2% in the third quarter. Motco now owns 468 shares of the company’s stock valued at $31,000 after acquiring an additional 320 shares during the period. Finally, NewSquare Capital LLC purchased a new stake in shares of TotalEnergies during the fourth quarter worth about $35,000. Institutional investors own 13.22% of the company’s stock.

TotalEnergies Stock Performance

TTE traded down $0.15 during mid-day trading on Thursday, reaching $71.53. 768,609 shares of the company traded hands, compared to its average volume of 1,677,407. The stock has a market capitalization of $168.22 billion, a P/E ratio of 8.09, a P/E/G ratio of 1.78 and a beta of 0.70. TotalEnergies SE has a 52-week low of $54.94 and a 52-week high of $74.97. The company has a quick ratio of 0.90, a current ratio of 1.09 and a debt-to-equity ratio of 0.31. The company’s fifty day moving average price is $69.28 and its 200-day moving average price is $67.32.

TotalEnergies (NYSE:TTE) last released its earnings results on Wednesday, February 7th. The company reported $2.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.43 by ($0.27). The firm had revenue of $54.77 billion during the quarter, compared to analysts’ expectations of $55.14 billion. TotalEnergies had a return on equity of 18.30% and a net margin of 9.52%. During the same period in the prior year, the company posted $2.97 earnings per share. On average, sell-side analysts expect that TotalEnergies SE will post 9.28 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Piper Sandler lifted their price target on TotalEnergies from $75.00 to $79.00 and gave the company a “neutral” rating in a research report on Thursday, April 18th. Scotiabank increased their price objective on TotalEnergies from $74.00 to $86.00 and gave the company a “sector perform” rating in a research report on Thursday, April 11th. Six research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $70.75.

Insider Activity

In related news, Director Se Totalenergies bought 196,964 shares of TotalEnergies stock in a transaction dated Thursday, March 28th. The shares were acquired at an average cost of $22.86 per share, with a total value of $4,502,597.04. Following the completion of 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 can be accessed 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.