Taikang Asset Management Hong Kong Co Ltd Buys New Holdings in TotalEnergies SE (NYSE:TTE)

Taikang Asset Management Hong Kong Co Ltd purchased a new position in TotalEnergies SE (NYSE:TTE) during the 4th quarter, HoldingsChannel reports. The institutional investor purchased 20,000 shares of the company’s stock, valued at approximately $1,090,000.

A number of other institutional investors also recently bought and sold shares of the business. Congress Wealth Management LLC DE raised its holdings in shares of TotalEnergies by 10.9% during the fourth quarter. Congress Wealth Management LLC DE now owns 25,123 shares of the company’s stock worth $1,379,000 after purchasing an additional 2,466 shares during the last quarter. FCA Corp TX acquired a new stake in TotalEnergies during the 4th quarter worth about $109,000. LPL Financial LLC raised its stake in shares of TotalEnergies by 14.9% during the 4th quarter. LPL Financial LLC now owns 1,164,972 shares of the company’s stock valued at $63,491,000 after buying an additional 151,336 shares during the last quarter. Guardian Partners Inc. purchased a new stake in shares of TotalEnergies in the fourth quarter worth about $7,224,000. Finally, American Century Companies Inc. grew its holdings in TotalEnergies by 1.7% during the fourth quarter. American Century Companies Inc. now owns 1,443,516 shares of the company’s stock worth $78,672,000 after acquiring an additional 24,653 shares during the period. 16.53% of the stock is owned by hedge funds and other institutional investors.

TotalEnergies Stock Down 0.5 %

TTE opened at $63.01 on Tuesday. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.36. TotalEnergies SE has a twelve month low of $53.29 and a twelve month high of $74.97. The company has a market cap of $151.09 billion, a PE ratio of 9.46, a price-to-earnings-growth ratio of 0.98 and a beta of 0.56. The company has a 50-day moving average price of $60.48 and a 200 day moving average price of $61.12.

TotalEnergies (NYSE:TTE) last announced its earnings results on Wednesday, February 5th. The company reported $1.90 EPS for the quarter, beating analysts’ consensus estimates of $1.74 by $0.16. TotalEnergies had a return on equity of 15.22% and a net margin of 7.34%. Sell-side analysts expect that TotalEnergies SE will post 8.02 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on TTE shares. BNP Paribas downgraded TotalEnergies from an “outperform” rating to a “neutral” rating in a report on Wednesday, November 27th. Royal Bank of Canada upgraded shares of TotalEnergies from a “sector perform” rating to an “outperform” rating in a research note on Thursday, December 5th. Redburn Atlantic upgraded shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 23rd. Morgan Stanley reiterated an “equal weight” rating and issued a $64.10 price objective (down previously from $70.40) on shares of TotalEnergies in a research report on Tuesday, January 7th. Finally, Piper Sandler dropped their target price on TotalEnergies from $77.00 to $62.00 and set a “neutral” rating on the stock in a research report on Thursday, December 19th. Six research analysts have rated the stock with a hold rating, two have given a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $72.42.

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.