Charles Schwab Investment Management Inc. Boosts Stock Position in TotalEnergies SE (NYSE:TTE)

Charles Schwab Investment Management Inc. increased its stake in shares of TotalEnergies SE (NYSE:TTE) by 0.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 137,580 shares of the company’s stock after purchasing an additional 942 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in TotalEnergies were worth $7,498,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TTE. FSA Wealth Management LLC purchased a new stake in TotalEnergies in the 3rd quarter valued at about $26,000. Continuum Advisory LLC grew its holdings in TotalEnergies by 70.4% in the 3rd quarter. Continuum Advisory LLC now owns 443 shares of the company’s stock valued at $27,000 after buying an additional 183 shares during the period. Asset Planning Inc purchased a new stake in TotalEnergies in the 4th quarter valued at about $31,000. HHM Wealth Advisors LLC grew its holdings in TotalEnergies by 156.3% in the 4th quarter. HHM Wealth Advisors LLC now owns 656 shares of the company’s stock valued at $36,000 after buying an additional 400 shares during the period. Finally, Versant Capital Management Inc purchased a new stake in TotalEnergies in the 4th quarter valued at about $45,000. Hedge funds and other institutional investors own 16.53% of the company’s stock.

Analysts Set New Price Targets

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

TotalEnergies Stock Down 1.0 %

Shares of NYSE:TTE opened at $63.39 on Monday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.88 and a current ratio of 1.10. TotalEnergies SE has a 1 year low of $53.29 and a 1 year high of $74.97. The stock has a market capitalization of $151.99 billion, a P/E ratio of 9.52, a PEG ratio of 0.98 and a beta of 0.56. The stock has a 50-day simple moving average of $60.36 and a 200-day simple moving average of $61.14.

TotalEnergies (NYSE:TTE) last released its quarterly earnings results on Wednesday, February 5th. The company reported $1.90 EPS for the quarter, topping the consensus estimate of $1.74 by $0.16. TotalEnergies had a return on equity of 15.22% and a net margin of 7.34%. Equities analysts forecast that TotalEnergies SE will post 8.02 earnings per share for the current 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.