TotalEnergies SE (NYSE:TTE) Position Lifted by Css LLC Il

Css LLC Il grew its stake in shares of TotalEnergies SE (NYSE:TTE) by 162.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,175 shares of the company’s stock after acquiring an additional 24,866 shares during the period. Css LLC Il’s holdings in TotalEnergies were worth $2,190,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Apollon Wealth Management LLC grew its stake in TotalEnergies by 4.1% in the fourth quarter. Apollon Wealth Management LLC now owns 4,448 shares of the company’s stock worth $242,000 after purchasing an additional 174 shares in the last quarter. First Horizon Advisors Inc. lifted its holdings in TotalEnergies by 9.1% during the 4th quarter. First Horizon Advisors Inc. now owns 2,217 shares of the company’s stock worth $121,000 after buying an additional 184 shares during the last quarter. FSM Wealth Advisors LLC lifted its holdings in TotalEnergies by 3.4% during the 4th quarter. FSM Wealth Advisors LLC now owns 5,635 shares of the company’s stock worth $333,000 after buying an additional 187 shares during the last quarter. Snowden Capital Advisors LLC grew its position in shares of TotalEnergies by 0.8% in the 4th quarter. Snowden Capital Advisors LLC now owns 25,441 shares of the company’s stock worth $1,407,000 after acquiring an additional 205 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB increased its holdings in shares of TotalEnergies by 4.4% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 4,889 shares of the company’s stock valued at $266,000 after acquiring an additional 207 shares during the last quarter. Institutional investors own 16.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on TTE. Redburn Atlantic upgraded TotalEnergies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 23rd. BNP Paribas raised shares of TotalEnergies from a “neutral” rating to an “outperform” rating in a report on Tuesday, April 15th. Morgan Stanley upgraded shares of TotalEnergies from an “equal weight” rating to an “overweight” rating and set a $60.80 price target on the stock in a research report on Monday, May 12th. Citigroup raised shares of TotalEnergies from a “neutral” rating to a “buy” rating in a report on Wednesday, March 26th. Finally, Piper Sandler increased their price objective on shares of TotalEnergies from $62.00 to $65.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 13th. Four analysts have rated the stock with a hold rating, seven have given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $69.36.

TotalEnergies Trading Up 0.0%

Shares of NYSE:TTE opened at $59.41 on Wednesday. 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 $59.60 and its 200 day moving average price is $58.95. The company has a market cap of $142.45 billion, a PE ratio of 8.92, a P/E/G ratio of 0.98 and a beta of 0.58. TotalEnergies SE has a fifty-two week low of $52.78 and a fifty-two week high of $73.12.

TotalEnergies (NYSE:TTE) last released its quarterly earnings results on Wednesday, April 30th. The company reported $1.83 earnings per share for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.05). The business had revenue of $47.90 billion for the quarter, compared to the consensus estimate of $41.23 billion. TotalEnergies had a net margin of 7.34% and a return on equity of 15.22%. During the same period last year, the firm posted $2.14 EPS. Sell-side analysts anticipate that TotalEnergies SE will post 8.02 earnings per share for the current year.

About TotalEnergies

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.