Causeway Capital Management LLC bought a new position in shares of TotalEnergies SE (NYSE:TTE – Get Rating) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 693,152 shares of the company’s stock, valued at approximately $34,283,000.
A number of other hedge funds have also recently added to or reduced their stakes in TTE. Dixon Hughes Goodman Wealth Advisors LLC bought a new position in TotalEnergies during the fourth quarter worth about $26,000. EverSource Wealth Advisors LLC bought a new position in TotalEnergies during the fourth quarter worth about $27,000. Core Alternative Capital bought a new position in TotalEnergies during the fourth quarter worth about $27,000. Trust Co. of Vermont bought a new position in TotalEnergies during the fourth quarter worth about $30,000. Finally, Center for Financial Planning Inc. bought a new position in TotalEnergies during the fourth quarter worth about $30,000. 16.60% of the stock is currently owned by institutional investors and hedge funds.
TTE stock traded up $0.86 during trading on Tuesday, hitting $55.20. The company had a trading volume of 114,069 shares, compared to its average volume of 3,357,493. The company has a quick ratio of 1.00, a current ratio of 1.20 and a debt-to-equity ratio of 0.39. The firm has a 50-day moving average price of $50.77 and a 200-day moving average price of $51.89. TotalEnergies SE has a 12 month low of $40.33 and a 12 month high of $60.03. The stock has a market cap of $143.88 billion, a price-to-earnings ratio of 8.45, a PEG ratio of 0.73 and a beta of 0.82.
A number of brokerages have commented on TTE. MKM Partners raised their price target on shares of TotalEnergies from $76.00 to $81.00 in a research note on Monday, February 14th. Royal Bank of Canada cut shares of TotalEnergies from an “outperform” rating to a “sector perform” rating and lifted their target price for the company from $52.00 to $55.00 in a research note on Friday, February 25th. Jefferies Financial Group cut shares of TotalEnergies from a “buy” rating to a “hold” rating in a research note on Wednesday, April 6th. JPMorgan Chase & Co. cut their target price on shares of TotalEnergies from €58.00 ($60.42) to €56.00 ($58.33) in a research note on Wednesday, April 20th. Finally, UBS Group lifted their target price on shares of TotalEnergies from €57.00 ($59.38) to €59.00 ($61.46) and gave the company a “buy” rating in a research note on Friday, April 29th. One analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, TotalEnergies currently has an average rating of “Hold” and a consensus price target of $60.25.
TotalEnergies Profile (Get Rating)
TotalEnergies SE operates as an integrated oil and gas company worldwide. The company operates through four segments: Integrated Gas, Renewables & Power; Exploration & Production; Refining & Chemicals; and Marketing & Services. The Integrated Gas, Renewables & Power segment engages in the liquefied natural gas production, shipping, trading, and regasification activities; trading of liquefied petroleum gas (LPG), petcoke and sulfur, natural gas, and electricity; transportation of natural gas; electricity production from natural gas, wind, solar, hydroelectric, and biogas sources; energy storage activities; and development and operation of biomethane production units, as well as provides energy efficiency services.
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