Hancock Whitney Corp Has $867,000 Stake in TotalEnergies SE (NYSE:TTE)

Hancock Whitney Corp grew its holdings in shares of TotalEnergies SE (NYSE:TTE) by 11.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,908 shares of the company’s stock after acquiring an additional 1,583 shares during the period. Hancock Whitney Corp’s holdings in TotalEnergies were worth $867,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Clear Creek Financial Management LLC bought a new stake in TotalEnergies in the fourth quarter worth approximately $345,000. Franklin Resources Inc. increased its stake in shares of 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. Logan Capital Management Inc. boosted its stake in TotalEnergies by 22.8% during the third quarter. Logan Capital Management Inc. now owns 71,757 shares of the company’s stock worth $4,637,000 after acquiring an additional 13,331 shares in the last quarter. CWA Asset Management Group LLC grew its holdings in TotalEnergies by 85.1% in the fourth quarter. CWA Asset Management Group LLC now owns 23,571 shares of the company’s stock worth $1,285,000 after purchasing an additional 10,835 shares during the period. Finally, Barclays PLC increased its stake in TotalEnergies by 266.5% in the third quarter. Barclays PLC now owns 674,154 shares of the company’s stock valued at $43,564,000 after purchasing an additional 490,187 shares in the last quarter. 16.53% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. BNP Paribas raised shares of TotalEnergies from a “neutral” rating to an “outperform” rating in a research report on Tuesday, April 15th. Scotiabank reduced their price objective on TotalEnergies from $65.00 to $60.00 and set a “sector perform” rating for the company in a research note on Friday, April 11th. Morgan Stanley reaffirmed an “equal weight” rating and set a $64.10 target price (down from $70.40) on shares of TotalEnergies in a research report on Tuesday, January 7th. Citigroup upgraded TotalEnergies from a “neutral” rating to a “buy” rating in a report on Wednesday, March 26th. Finally, Redburn Atlantic upgraded shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 23rd. Five equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $69.42.

TotalEnergies Stock Performance

NYSE TTE opened at $60.05 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.10 and a quick ratio of 0.88. The company has a fifty day moving average price of $60.39 and a 200-day moving average price of $59.79. TotalEnergies SE has a 1 year low of $52.78 and a 1 year high of $74.97. The firm has a market cap of $143.97 billion, a price-to-earnings ratio of 9.02, a PEG ratio of 0.98 and a beta of 0.45.

TotalEnergies (NYSE:TTE) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $1.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.74 by $0.16. TotalEnergies had a net margin of 7.34% and a return on equity of 15.22%. As a group, equities research analysts predict that TotalEnergies SE will post 8.02 EPS for the current fiscal year.

TotalEnergies Company 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.