Russell Investments Group Ltd. Raises Holdings in TotalEnergies SE (NYSE:TTE)

Russell Investments Group Ltd. increased its position in TotalEnergies SE (NYSE:TTE) by 10.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 106,809 shares of the company’s stock after buying an additional 9,892 shares during the period. Russell Investments Group Ltd.’s holdings in TotalEnergies were worth $7,197,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TTE. Cerity Partners LLC raised its holdings in shares of TotalEnergies by 49.9% during the 4th quarter. Cerity Partners LLC now owns 53,019 shares of the company’s stock worth $3,578,000 after acquiring an additional 17,658 shares in the last quarter. Weatherly Asset Management L. P. lifted its position in TotalEnergies by 13.0% during the fourth quarter. Weatherly Asset Management L. P. now owns 65,106 shares of the company’s stock valued at $4,438,000 after purchasing an additional 7,498 shares during the last quarter. Oppenheimer & Co. Inc. grew its stake in shares of TotalEnergies by 219.4% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 12,987 shares of the company’s stock worth $854,000 after buying an additional 8,921 shares in the last quarter. Main Street Research LLC bought a new stake in shares of TotalEnergies in the 3rd quarter worth about $10,979,000. Finally, Mariner LLC increased its holdings in shares of TotalEnergies by 9.6% in the 3rd quarter. Mariner LLC now owns 95,857 shares of the company’s stock worth $6,304,000 after buying an additional 8,400 shares during the last quarter. 13.22% of the stock is owned by institutional investors.

TotalEnergies Stock Performance

TotalEnergies stock opened at $71.94 on Wednesday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.09 and a quick ratio of 0.87. The firm has a market capitalization of $169.18 billion, a P/E ratio of 8.12, a price-to-earnings-growth ratio of 1.78 and a beta of 0.70. TotalEnergies SE has a 1-year low of $54.94 and a 1-year high of $74.97. The company’s 50-day moving average is $69.72 and its 200 day moving average is $67.42.

TotalEnergies (NYSE:TTE) last issued its quarterly earnings results on Wednesday, February 7th. The company reported $2.16 earnings per share for the quarter, missing the consensus estimate of $2.43 by ($0.27). TotalEnergies had a return on equity of 18.30% and a net margin of 9.52%. The business had revenue of $54.77 billion during the quarter, compared to analysts’ expectations of $55.14 billion. During the same quarter in the previous year, the company posted $2.97 earnings per share. Research analysts forecast that TotalEnergies SE will post 9.18 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on TTE shares. Piper Sandler lifted their price target on TotalEnergies from $75.00 to $79.00 and gave the stock a “neutral” rating in a research report on Thursday, April 18th. Scotiabank lifted their target price on TotalEnergies from $74.00 to $86.00 and gave the stock a “sector perform” rating in a report on Thursday, April 11th. Six investment analysts have rated the stock with a hold rating, According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $70.75.

Insiders Place Their Bets

In related news, Director Se Totalenergies bought 196,964 shares of the stock in a transaction dated Thursday, March 28th. The stock was purchased at an average cost of $22.86 per share, with a total value of $4,502,597.04. Following the completion of the purchase, the director now owns 295,235 shares of the company’s stock, valued at $6,749,072.10. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

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.