Tweedy Browne Co LLC Makes New Investment in TotalEnergies SE (NYSE:TTE)

Tweedy Browne Co LLC bought a new position in TotalEnergies SE (NYSE:TTE) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 157,657 shares of the company’s stock, valued at approximately $10,852,000. TotalEnergies makes up approximately 0.5% of Tweedy Browne Co LLC’s investment portfolio, making the stock its 27th biggest position.

A number of other hedge funds have also recently added to or reduced their stakes in TTE. International Assets Investment Management LLC grew its stake in TotalEnergies by 6,549.9% in the fourth quarter. International Assets Investment Management LLC now owns 503,396 shares of the company’s stock valued at $33,919,000 after acquiring an additional 495,826 shares during the period. Natixis Advisors L.P. boosted its position in shares of TotalEnergies by 29.4% during the fourth quarter. Natixis Advisors L.P. now owns 1,988,119 shares of the company’s stock valued at $133,959,000 after buying an additional 451,597 shares during the last quarter. BNP Paribas Financial Markets boosted its position in shares of TotalEnergies by 159,211.0% during the first quarter. BNP Paribas Financial Markets now owns 434,919 shares of the company’s stock valued at $29,935,000 after buying an additional 434,646 shares during the last quarter. Fisher Asset Management LLC boosted its position in shares of TotalEnergies by 2.0% during the fourth quarter. Fisher Asset Management LLC now owns 21,184,792 shares of the company’s stock valued at $1,427,431,000 after buying an additional 419,487 shares during the last quarter. Finally, Global Assets Advisory LLC purchased a new position in shares of TotalEnergies during the first quarter valued at approximately $22,081,000. Institutional investors and hedge funds own 13.22% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Scotiabank lifted their target price on TotalEnergies from $74.00 to $86.00 and gave the company a “sector perform” rating in a research report on Thursday, April 11th. Piper Sandler lifted their target price on TotalEnergies from $75.00 to $79.00 and gave the company a “neutral” rating in a research report on Thursday, April 18th. Six equities research analysts have rated the stock with a hold rating, According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $70.75.

TotalEnergies Stock Performance

TotalEnergies stock traded up $0.91 during mid-day trading on Friday, reaching $69.32. 378,177 shares of the company’s stock were exchanged, compared to its average volume of 1,519,774. The business’s fifty day simple moving average is $70.01 and its 200 day simple moving average is $68.40. The firm has a market capitalization of $163.70 billion, a PE ratio of 7.81, a P/E/G ratio of 1.70 and a beta of 0.64. TotalEnergies SE has a one year low of $57.01 and a one year high of $74.97. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.31.

TotalEnergies (NYSE:TTE) last issued its quarterly earnings results on Friday, April 26th. The company reported $2.14 EPS for the quarter, topping analysts’ consensus estimates of $1.96 by $0.18. The business had revenue of $56.28 billion for the quarter, compared to analyst estimates of $59.64 billion. TotalEnergies had a return on equity of 18.30% and a net margin of 9.52%. On average, sell-side analysts expect that TotalEnergies SE will post 9.16 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.