Gallacher Capital Management LLC Buys 470 Shares of TotalEnergies SE (NYSE:TTE)

Gallacher Capital Management LLC raised its holdings in shares of TotalEnergies SE (NYSE:TTE) by 7.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,503 shares of the company’s stock after buying an additional 470 shares during the period. Gallacher Capital Management LLC’s holdings in TotalEnergies were worth $354,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. FMR LLC boosted its position in TotalEnergies by 2.7% during the third quarter. FMR LLC now owns 12,445,228 shares of the company’s stock valued at $804,211,000 after buying an additional 324,033 shares during the period. Franklin Resources Inc. boosted its position in TotalEnergies by 62.7% during the third quarter. Franklin Resources Inc. now owns 4,012,961 shares of the company’s stock valued at $273,323,000 after buying an additional 1,546,866 shares during the period. Raymond James Financial Inc. purchased a new stake in TotalEnergies during the fourth quarter valued at about $156,044,000. Equity Investment Corp raised its stake in shares of TotalEnergies by 10.5% during the fourth quarter. Equity Investment Corp now owns 2,058,589 shares of the company’s stock valued at $112,193,000 after acquiring an additional 196,277 shares during the last quarter. Finally, Todd Asset Management LLC raised its stake in shares of TotalEnergies by 1.2% during the fourth quarter. Todd Asset Management LLC now owns 1,178,840 shares of the company’s stock valued at $64,247,000 after acquiring an additional 13,503 shares during the last quarter. 16.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. BNP Paribas downgraded shares of TotalEnergies from an “outperform” rating to a “neutral” rating in a research note on Wednesday, November 27th. Royal Bank of Canada raised shares of TotalEnergies from a “sector perform” rating to an “outperform” rating in a research note on Thursday, December 5th. Redburn Atlantic raised shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 23rd. Morgan Stanley reaffirmed an “equal weight” rating and set a $64.10 price objective (down from $70.40) on shares of TotalEnergies in a research note on Tuesday, January 7th. Finally, Piper Sandler decreased their price target on shares of TotalEnergies from $77.00 to $62.00 and set a “neutral” rating for the company in a research note on Thursday, December 19th. Six research analysts have rated the stock with a hold rating, two have given a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, TotalEnergies presently has an average rating of “Moderate Buy” and an average price target of $72.42.

TotalEnergies Price Performance

TTE stock opened at $62.81 on Monday. TotalEnergies SE has a 1 year low of $53.29 and a 1 year high of $74.97. The company has a market cap of $150.59 billion, a P/E ratio of 9.43, a PEG ratio of 0.98 and a beta of 0.56. The firm has a 50-day moving average of $59.69 and a 200 day moving average of $61.31. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.10 and a quick ratio of 0.88.

TotalEnergies (NYSE:TTE) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $1.90 earnings per share for the quarter, topping analysts’ consensus estimates of $1.74 by $0.16. TotalEnergies had a net margin of 7.34% and a return on equity of 15.22%. On average, sell-side analysts forecast that TotalEnergies SE will post 8.02 EPS 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.