Orion Portfolio Solutions LLC Raises Stake in TotalEnergies SE (NYSE:TTE)

Orion Portfolio Solutions LLC boosted its holdings in TotalEnergies SE (NYSE:TTE) by 4.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 55,940 shares of the company’s stock after acquiring an additional 2,166 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in TotalEnergies were worth $3,049,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in TTE. Thrivent Financial for Lutherans purchased a new stake in shares of TotalEnergies in the 3rd quarter worth approximately $212,000. Charles Schwab Investment Management Inc. grew its position in TotalEnergies by 26.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 136,638 shares of the company’s stock valued at $8,830,000 after purchasing an additional 28,857 shares during the last quarter. Townsquare Capital LLC lifted its stake in shares of TotalEnergies by 17.5% in the third quarter. Townsquare Capital LLC now owns 24,361 shares of the company’s stock worth $1,574,000 after buying an additional 3,631 shares in the last quarter. Captrust Financial Advisors grew its holdings in shares of TotalEnergies by 9.7% during the third quarter. Captrust Financial Advisors now owns 50,717 shares of the company’s stock valued at $3,277,000 after buying an additional 4,475 shares during the last quarter. Finally, Verition Fund Management LLC bought a new stake in shares of TotalEnergies during the third quarter valued at approximately $271,000. Institutional investors own 16.53% of the company’s stock.

TotalEnergies Stock Up 0.9 %

TTE stock opened at $64.71 on Tuesday. The business’s 50-day moving average price is $61.07 and its 200-day moving average price is $61.04. The stock has a market cap of $155.14 billion, a P/E ratio of 9.72, a PEG ratio of 0.98 and a beta of 0.56. 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.

TotalEnergies (NYSE:TTE) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $1.90 earnings per share for the quarter, beating the consensus estimate of $1.74 by $0.16. TotalEnergies had a net margin of 7.34% and a return on equity of 15.22%. On average, equities research analysts forecast that TotalEnergies SE will post 8.02 EPS for the current year.

Wall Street Analysts Forecast Growth

TTE has been the topic of several recent analyst reports. Royal Bank of Canada upgraded TotalEnergies from a “sector perform” rating to an “outperform” rating in a research note on Thursday, December 5th. Citigroup raised TotalEnergies from a “neutral” rating to a “buy” rating in a research report on Wednesday, March 26th. Morgan Stanley reissued an “equal weight” rating and issued a $64.10 target price (down previously from $70.40) on shares of TotalEnergies in a research report on Tuesday, January 7th. Redburn Atlantic upgraded shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 23rd. Finally, Piper Sandler lowered their price objective on shares of TotalEnergies from $77.00 to $62.00 and set a “neutral” rating on the stock in a research report on Thursday, December 19th. Six investment analysts have rated the stock with a hold rating, three have assigned a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus 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.