TD Private Client Wealth LLC Boosts Its Investment in TotalEnergies SE

TD Private Client Wealth LLC has increased its ownership in TotalEnergies SE (NYSE:TTE - Free Report) by 21.9% during the fourth quarter, based on its latest 13F filing to the Securities and Exchange Commission. After purchasing an additional 12,995 shares in the quarter, the institutional investor now holds a total of 72,433 shares of the company. This investment is currently valued at approximately $3,948,000 as of the end of the recent quarter.

Several other prominent investors have also adjusted their positions in TotalEnergies. For instance, Independent Solutions Wealth Management LLC acquired a new stake in the company worth about $556,000 during the fourth quarter. Similarly, HUB Investment Partners LLC made a new investment of around $208,000 in total shares of TotalEnergies in the same period.

Boston Partners increased its stake by 21.7% in the fourth quarter, bringing its total holdings to 34,037 shares valued at $1,862,000 after buying an extra 6,062 shares. Horizon Investments LLC too raised its share count by 2.3%, acquiring an additional 237 shares to reach 10,652 shares valued at $581,000.

Additionally, Thrivent Financial for Lutherans significantly boosted its stake by 139.5%, now owning 7,862 shares worth $452,000 following a purchase of 4,579 shares. Overall, institutional and hedge funds hold 16.53% of TotalEnergies’ stock.

Recent Performance of TotalEnergies

On Friday, TotalEnergies shares opened at $63.39. The company has a market capitalization of $151.99 billion, with a P/E ratio of 9.52 and a P/E/G ratio of 0.98. It also has a beta of 0.56. The stock’s 50-day moving average stands at $60.36, while the 200-day moving average is $61.22. In the past year, TotalEnergies has recorded a low of $53.29 and a high of $74.97, indicating volatility in its trading price.

Recent Earnings and Analyst Opinions

For its most recent quarterly earnings report released on February 5, TotalEnergies announced earnings per share (EPS) of $1.90, surpassing analysts' expectations of $1.74 by $0.16. The company reported a net margin of 7.34% and a return on equity of 15.22%. Current forecasts suggest that TotalEnergies SE may achieve an EPS of 8.02 for this fiscal year.

Market analysts have recently updated their views on TotalEnergies. Redburn Atlantic upgraded the stock from a "hold" to a "strong buy" rating on January 23. Conversely, BNP Paribas lowered its rating from "outperform" to "neutral" on November 27. Morgan Stanley maintained an "equal weight" rating but reduced its price target to $64.10 from $70.40 on January 7. Piper Sandler also decreased its price target from $77.00 to $62.00 while rating the stock as "neutral" on December 19. Royal Bank of Canada upgraded the stock from a "sector perform" to an "outperform" rating on December 5. Presently, six analysts have a hold rating for TotalEnergies, two analysts rated it as a buy, and three analysts marked it as a strong buy. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" along with a price target of $72.42.

About TotalEnergies SE

TotalEnergies SE is a multi-energy corporation involved in the production and marketing of oil, biofuels, natural gas, green gases, renewables, and electricity across France, Europe, North America, Africa, and beyond. The company operates through five key segments: Exploration & Production, Integrated LNG, Integrated Power, Refining & Chemicals, and Marketing & Services.

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