Zions Bancorporation N.A. Has $8.76 Million Holdings in TotalEnergies SE (NYSE:TTE)

Zions Bancorporation N.A. lifted its stake in shares of TotalEnergies SE (NYSE:TTE) by 48.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 160,660 shares of the company’s stock after purchasing an additional 52,120 shares during the period. TotalEnergies makes up about 0.6% of Zions Bancorporation N.A.’s investment portfolio, making the stock its 27th biggest position. Zions Bancorporation N.A.’s holdings in TotalEnergies were worth $8,756,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Clear Creek Financial Management LLC acquired a new position in TotalEnergies during the 4th quarter worth $345,000. Logan Capital Management Inc. lifted its position in TotalEnergies by 22.8% during the 3rd quarter. Logan Capital Management Inc. now owns 71,757 shares of the company’s stock valued at $4,637,000 after purchasing an additional 13,331 shares during the period. FMR LLC boosted its stake in shares of TotalEnergies by 2.7% in the 3rd quarter. FMR LLC now owns 12,445,228 shares of the company’s stock valued at $804,211,000 after purchasing an additional 324,033 shares during the last quarter. CWA Asset Management Group LLC grew its position in shares of TotalEnergies by 85.1% during the 4th quarter. CWA Asset Management Group LLC now owns 23,571 shares of the company’s stock worth $1,285,000 after buying an additional 10,835 shares during the period. Finally, Barclays PLC raised its stake in shares of TotalEnergies by 266.5% during the third quarter. Barclays PLC now owns 674,154 shares of the company’s stock worth $43,564,000 after buying an additional 490,187 shares during the last quarter. 16.53% of the stock is owned by institutional investors.

TotalEnergies Stock Performance

TTE stock opened at $63.01 on Tuesday. TotalEnergies SE has a 1-year low of $53.29 and a 1-year high of $74.97. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.36. The firm has a market cap of $151.09 billion, a PE ratio of 9.46, a P/E/G ratio of 0.98 and a beta of 0.56. The business’s 50-day moving average price is $60.48 and its two-hundred day moving average price is $61.12.

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

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on TTE shares. Piper Sandler reduced their price objective on shares of TotalEnergies from $77.00 to $62.00 and set a “neutral” rating on the stock in a research note on Thursday, December 19th. Royal Bank of Canada upgraded TotalEnergies from a “sector perform” rating to an “outperform” rating in a research 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. BNP Paribas cut TotalEnergies from an “outperform” rating to a “neutral” rating in a report on Wednesday, November 27th. Finally, Morgan Stanley restated an “equal weight” rating and set a $64.10 target price (down from $70.40) on shares of TotalEnergies in a research report on Tuesday, January 7th. Six equities research analysts have rated the stock with a hold rating, two have issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $72.42.

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.