Bailard Inc. Has $898,000 Stock Holdings in TotalEnergies SE (NYSE:TTE)

Bailard Inc. lowered its stake in TotalEnergies SE (NYSE:TTE) by 2.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 16,477 shares of the company’s stock after selling 349 shares during the quarter. Bailard Inc.’s holdings in TotalEnergies were worth $898,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. FMR LLC increased its position in shares of TotalEnergies by 2.7% during the 3rd quarter. FMR LLC now owns 12,445,228 shares of the company’s stock worth $804,211,000 after purchasing an additional 324,033 shares during the last quarter. Franklin Resources Inc. grew its stake in shares of TotalEnergies by 62.7% in the third quarter. Franklin Resources Inc. now owns 4,012,961 shares of the company’s stock valued at $273,323,000 after buying an additional 1,546,866 shares in the last quarter. Natixis Advisors LLC increased its holdings in TotalEnergies by 4.9% during the third quarter. Natixis Advisors LLC now owns 2,266,950 shares of the company’s stock worth $146,490,000 after buying an additional 106,347 shares during the last quarter. Equity Investment Corp raised its position in TotalEnergies by 10.5% during the fourth quarter. Equity Investment Corp now owns 2,058,589 shares of the company’s stock worth $112,193,000 after acquiring an additional 196,277 shares in the last quarter. Finally, Todd Asset Management LLC raised its position in TotalEnergies by 1.2% during the fourth quarter. Todd Asset Management LLC now owns 1,178,840 shares of the company’s stock worth $64,247,000 after acquiring an additional 13,503 shares in the last quarter. Institutional investors own 16.53% of the company’s stock.

TotalEnergies Price Performance

TotalEnergies stock opened at $59.79 on Tuesday. The company has a market capitalization of $143.36 billion, a price-to-earnings ratio of 8.98, a PEG ratio of 0.98 and a beta of 0.61. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.36. TotalEnergies SE has a 12 month low of $53.29 and a 12 month high of $74.97. The stock’s 50 day moving average is $58.48 and its 200-day moving average is $61.81.

TotalEnergies (NYSE:TTE) last issued its quarterly earnings data 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%. Equities research analysts expect that TotalEnergies SE will post 8.02 EPS for the current year.

Analysts Set New Price Targets

Several research firms have recently weighed in on TTE. Redburn Atlantic upgraded shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 23rd. BNP Paribas cut TotalEnergies from an “outperform” rating to a “neutral” rating in a report on Wednesday, November 27th. Morgan Stanley restated an “equal weight” rating and issued a $64.10 price objective (down previously from $70.40) on shares of TotalEnergies in a research note on Tuesday, January 7th. Piper Sandler reduced their target price on TotalEnergies from $77.00 to $62.00 and set a “neutral” rating for the company in a research note on Thursday, December 19th. Finally, Royal Bank of Canada raised TotalEnergies from a “sector perform” rating to an “outperform” rating in a report on Thursday, December 5th. 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. According to MarketBeat.com, TotalEnergies has a consensus rating of “Moderate Buy” and an average target price of $72.42.

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.