Cary Street Partners Financial LLC Buys New Position in TotalEnergies SE (NYSE:TTE)

Cary Street Partners Financial LLC purchased a new position in TotalEnergies SE (NYSE:TTE) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 10,827 shares of the company’s stock, valued at approximately $590,000.

Other large investors have also added to or reduced their stakes in the company. Asset Planning Inc purchased a new stake in shares of TotalEnergies in the 4th quarter worth about $31,000. Bernard Wealth Management Corp. purchased a new stake in TotalEnergies in the fourth quarter worth about $32,000. HHM Wealth Advisors LLC boosted its position in TotalEnergies by 156.3% during the 4th quarter. HHM Wealth Advisors LLC now owns 656 shares of the company’s stock valued at $36,000 after acquiring an additional 400 shares in the last quarter. Stonebridge Financial Group LLC bought a new position in shares of TotalEnergies in the 4th quarter worth approximately $49,000. Finally, SRS Capital Advisors Inc. lifted its stake in shares of TotalEnergies by 108.4% in the 4th quarter. SRS Capital Advisors Inc. now owns 1,186 shares of the company’s stock valued at $65,000 after purchasing an additional 617 shares during the period. Institutional investors own 16.53% of the company’s stock.

TotalEnergies Trading Up 0.2 %

NYSE:TTE opened at $57.36 on Friday. The stock has a market cap of $137.53 billion, a price-to-earnings ratio of 8.61, a PEG ratio of 0.98 and a beta of 0.58. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.36. The company’s 50 day moving average price is $59.90 and its 200-day moving average price is $59.26. TotalEnergies SE has a 52 week low of $52.78 and a 52 week high of $74.43.

TotalEnergies (NYSE:TTE) last issued its earnings results on Wednesday, April 30th. The company reported $1.83 EPS for the quarter, missing the consensus estimate of $1.88 by ($0.05). The business had revenue of $47.90 billion for the quarter, compared to analysts’ expectations of $41.23 billion. TotalEnergies had a net margin of 7.34% and a return on equity of 15.22%. During the same quarter in the prior year, the business posted $2.14 earnings per share. On average, equities research analysts forecast that TotalEnergies SE will post 8.02 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on TTE shares. BNP Paribas raised TotalEnergies from a “neutral” rating to an “outperform” rating in a research note on Tuesday, April 15th. Dbs Bank upgraded shares of TotalEnergies to a “buy” rating in a research note on Wednesday. Redburn Atlantic raised shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 23rd. Citigroup upgraded shares of TotalEnergies from a “neutral” rating to a “buy” rating in a report on Wednesday, March 26th. Finally, Scotiabank lowered their target price on shares of TotalEnergies from $65.00 to $60.00 and set a “sector perform” rating for the company in a report on Friday, April 11th. Five analysts have rated the stock with a hold rating, five have assigned a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $69.42.

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.