International Assets Investment Management LLC Buys 495,826 Shares of TotalEnergies SE (NYSE:TTE)

International Assets Investment Management LLC lifted its stake in shares of TotalEnergies SE (NYSE:TTE) by 6,549.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 503,396 shares of the company’s stock after purchasing an additional 495,826 shares during the quarter. International Assets Investment Management LLC’s holdings in TotalEnergies were worth $33,919,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Oppenheimer & Co. Inc. increased its stake in TotalEnergies by 219.4% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 12,987 shares of the company’s stock valued at $854,000 after purchasing an additional 8,921 shares in the last quarter. Main Street Research LLC acquired a new stake in shares of TotalEnergies in the 3rd quarter worth about $10,979,000. Mariner LLC lifted its position in TotalEnergies by 9.6% in the 3rd quarter. Mariner LLC now owns 95,857 shares of the company’s stock valued at $6,304,000 after acquiring an additional 8,400 shares in the last quarter. Envestnet Portfolio Solutions Inc. acquired a new position in TotalEnergies during the 3rd quarter valued at about $7,354,000. Finally, Pictet North America Advisors SA increased its holdings in TotalEnergies by 522.3% during the 3rd quarter. Pictet North America Advisors SA now owns 77,467 shares of the company’s stock worth $5,094,000 after purchasing an additional 65,019 shares in the last quarter. 13.22% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at TotalEnergies

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

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on TTE. Scotiabank raised their target price on TotalEnergies from $74.00 to $86.00 and gave the company a “sector perform” rating in a report on Thursday, April 11th. Piper Sandler raised their price objective on TotalEnergies from $75.00 to $79.00 and gave the company a “neutral” rating in a research note on Thursday, April 18th. Six equities research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $70.75.

TotalEnergies Stock Performance

Shares of TotalEnergies stock opened at $71.63 on Friday. The business’s fifty day simple moving average is $69.42 and its 200 day simple moving average is $67.35. The company has a current ratio of 1.09, a quick ratio of 0.90 and a debt-to-equity ratio of 0.31. TotalEnergies SE has a 12 month low of $54.94 and a 12 month high of $74.97. The firm has a market capitalization of $168.45 billion, a P/E ratio of 8.06, a price-to-earnings-growth ratio of 1.78 and a beta of 0.70.

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

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.