TotalEnergies SE (NYSE:TTE) Shares Purchased by Natixis Advisors L.P.

Natixis Advisors L.P. lifted its stake in TotalEnergies SE (NYSE:TTE) by 29.4% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,988,119 shares of the company’s stock after acquiring an additional 451,597 shares during the period. Natixis Advisors L.P.’s holdings in TotalEnergies were worth $133,959,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Commonwealth Equity Services LLC increased its holdings in shares of TotalEnergies by 2.5% in the third quarter. Commonwealth Equity Services LLC now owns 99,102 shares of the company’s stock valued at $6,517,000 after purchasing an additional 2,444 shares during the period. Cambridge Investment Research Advisors Inc. lifted its stake in shares of TotalEnergies by 0.8% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 97,905 shares of the company’s stock worth $6,438,000 after acquiring an additional 771 shares during the period. Raymond James Financial Services Advisors Inc. increased its stake in shares of TotalEnergies by 3.3% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 106,259 shares of the company’s stock worth $6,988,000 after acquiring an additional 3,357 shares during the period. Foster & Motley Inc. raised its holdings in TotalEnergies by 9.1% during the third quarter. Foster & Motley Inc. now owns 37,625 shares of the company’s stock worth $2,474,000 after purchasing an additional 3,154 shares in the last quarter. Finally, Arlington Trust Co LLC acquired a new stake in TotalEnergies in the third quarter valued at about $31,000. 13.22% of the stock is currently owned by institutional investors and hedge funds.

TotalEnergies Stock Down 0.2 %

Shares of TTE stock traded down $0.15 during trading hours on Thursday, hitting $71.53. 768,609 shares of the company were exchanged, compared to its average volume of 1,677,407. The stock has a market capitalization of $168.22 billion, a price-to-earnings ratio of 8.09, a P/E/G ratio of 1.78 and a beta of 0.70. TotalEnergies SE has a one year low of $54.94 and a one year high of $74.97. The business’s 50-day simple moving average is $69.28 and its two-hundred day simple moving average is $67.32. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.90 and a current ratio of 1.09.

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

Insiders Place Their Bets

In other news, Director Se Totalenergies acquired 196,964 shares of the company’s stock in a transaction dated Thursday, March 28th. The shares were bought at an average price of $22.86 per share, with a total value of $4,502,597.04. Following the purchase, the director now owns 295,235 shares of the company’s stock, valued at $6,749,072.10. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Analyst Upgrades and Downgrades

TTE has been the topic of a number of recent analyst reports. Scotiabank upped their price target 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. Piper Sandler upped their price objective 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. Six analysts have rated the stock with a hold rating, According to data from MarketBeat.com, TotalEnergies has an average rating of “Hold” and an average price target of $70.75.

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.