Greenline Partners LLC Acquires 3,929 Shares of TotalEnergies SE (NYSE:TTE)

Greenline Partners LLC lifted its holdings in shares of TotalEnergies SE (NYSE:TTE) by 9.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,511 shares of the company’s stock after purchasing an additional 3,929 shares during the quarter. Greenline Partners LLC’s holdings in TotalEnergies were worth $2,371,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Clear Creek Financial Management LLC bought a new position in TotalEnergies in the fourth quarter valued at approximately $345,000. Franklin Resources Inc. lifted its position in TotalEnergies by 41.7% in the 4th quarter. Franklin Resources Inc. now owns 5,685,348 shares of the company’s stock valued at $309,851,000 after acquiring an additional 1,672,387 shares in the last quarter. Barclays PLC boosted its stake in TotalEnergies by 266.5% in the 3rd quarter. Barclays PLC now owns 674,154 shares of the company’s stock worth $43,564,000 after purchasing an additional 490,187 shares during the period. Merit Financial Group LLC bought a new position in TotalEnergies during the 4th quarter worth about $412,000. Finally, Orca Wealth Management LLC acquired a new stake in shares of TotalEnergies in the 4th quarter valued at about $1,210,000. Institutional investors own 16.53% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on TTE shares. Redburn Atlantic raised TotalEnergies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 23rd. BNP Paribas raised TotalEnergies from a “neutral” rating to an “outperform” rating in a research report on Tuesday, April 15th. Citigroup upgraded shares of TotalEnergies from a “neutral” rating to a “buy” rating in a report on Wednesday, March 26th. Dbs Bank upgraded shares of TotalEnergies from a “hold” rating to a “buy” rating in a report on Wednesday. Finally, Scotiabank lowered their price target on shares of TotalEnergies from $65.00 to $60.00 and set a “sector perform” rating on the stock in a research note on Friday, April 11th. Five equities research analysts have rated the stock with a hold rating, five have given a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $69.42.

TotalEnergies Stock Performance

NYSE TTE opened at $58.67 on Friday. The firm has a market capitalization of $140.67 billion, a P/E ratio of 8.81, a price-to-earnings-growth ratio of 0.98 and a beta of 0.58. 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’s fifty day moving average price is $59.88 and its two-hundred day moving average price is $59.21. TotalEnergies SE has a 1 year low of $52.78 and a 1 year high of $74.43.

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