BNP Paribas Financial Markets Increases Stock Holdings in TotalEnergies SE (NYSE:TTE)

BNP Paribas Financial Markets raised its position in shares of TotalEnergies SE (NYSE:TTE) by 295.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 689,494 shares of the company’s stock after purchasing an additional 515,088 shares during the quarter. BNP Paribas Financial Markets’ holdings in TotalEnergies were worth $37,577,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Alyeska Investment Group L.P. grew its position in TotalEnergies by 29.5% during the fourth quarter. Alyeska Investment Group L.P. now owns 322,224 shares of the company’s stock valued at $17,561,000 after buying an additional 73,481 shares during the period. American Trust Investment Advisors LLC grew its position in shares of TotalEnergies by 34.6% during the 4th quarter. American Trust Investment Advisors LLC now owns 11,737 shares of the company’s stock valued at $640,000 after acquiring an additional 3,015 shares during the period. Aptus Capital Advisors LLC increased its stake in shares of TotalEnergies by 28.6% in the 4th quarter. Aptus Capital Advisors LLC now owns 12,043 shares of the company’s stock worth $661,000 after purchasing an additional 2,677 shares in the last quarter. Mercer Global Advisors Inc. ADV bought a new position in TotalEnergies in the 4th quarter worth $5,010,000. Finally, Parvin Asset Management LLC purchased a new position in TotalEnergies during the fourth quarter valued at $121,000. Hedge funds and other institutional investors own 16.53% of the company’s stock.

TotalEnergies Price Performance

Shares of TotalEnergies stock opened at $57.26 on Thursday. 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 $52.78 and a 12 month high of $74.43. The stock has a 50 day moving average of $59.95 and a 200 day moving average of $59.31. The firm has a market cap of $137.28 billion, a PE ratio of 8.60, a PEG ratio of 0.98 and a beta of 0.58.

TotalEnergies (NYSE:TTE) last posted its earnings results on Wednesday, April 30th. The company reported $1.83 earnings per share for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.05). The business had revenue of $47.90 billion during the quarter, compared to analysts’ expectations of $41.23 billion. TotalEnergies had a net margin of 7.34% and a return on equity of 15.22%. During the same period last year, the business posted $2.14 earnings per share. On average, research analysts expect that TotalEnergies SE will post 8.02 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

TTE has been the subject of a number of recent analyst reports. Citigroup upgraded shares of TotalEnergies from a “neutral” rating to a “buy” rating in a research report on Wednesday, March 26th. Scotiabank cut their price target 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. BNP Paribas upgraded TotalEnergies from a “neutral” rating to an “outperform” rating in a research report on Tuesday, April 15th. Redburn Atlantic upgraded TotalEnergies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 23rd. Finally, Dbs Bank raised TotalEnergies to a “buy” rating in a research note on Wednesday. Five investment analysts have rated the stock with a hold rating, five have assigned a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $69.42.

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.