Opal Wealth Advisors LLC Buys New Shares in TotalEnergies SE (NYSE:TTE)

Opal Wealth Advisors LLC bought a new position in TotalEnergies SE (NYSE:TTE) in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 998 shares of the company’s stock, valued at approximately $65,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bank of America Corp DE lifted its holdings in shares of TotalEnergies by 121.1% during the fourth quarter. Bank of America Corp DE now owns 7,648,225 shares of the company’s stock worth $416,828,000 after purchasing an additional 4,189,652 shares during the period. Raymond James Financial Inc. acquired a new stake in TotalEnergies during the 4th quarter valued at approximately $156,044,000. Franklin Resources Inc. boosted its holdings in shares of TotalEnergies by 41.7% in the 4th quarter. Franklin Resources Inc. now owns 5,685,348 shares of the company’s stock valued at $309,851,000 after acquiring an additional 1,672,387 shares during the last quarter. Northern Trust Corp boosted its holdings in shares of TotalEnergies by 41.7% in the 4th quarter. Northern Trust Corp now owns 1,783,017 shares of the company’s stock valued at $97,174,000 after acquiring an additional 524,314 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its stake in shares of TotalEnergies by 295.3% in the fourth quarter. BNP Paribas Financial Markets now owns 689,494 shares of the company’s stock worth $37,577,000 after acquiring an additional 515,088 shares during the period. Institutional investors and hedge funds own 16.53% of the company’s stock.

TotalEnergies Trading Up 0.7%

Shares of TotalEnergies stock opened at $63.48 on Monday. The firm has a 50-day simple moving average of $58.60 and a two-hundred day simple moving average of $58.86. The company has a market cap of $152.20 billion, a P/E ratio of 9.53, a price-to-earnings-growth ratio of 0.98 and a beta of 0.56. TotalEnergies SE has a fifty-two week low of $52.78 and a fifty-two week high of $71.03. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.88 and a current ratio of 1.10.

TotalEnergies (NYSE:TTE) last issued its quarterly earnings data 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). TotalEnergies had a return on equity of 15.22% and a net margin of 7.34%. The firm had revenue of $47.90 billion during the quarter, compared to analyst estimates of $41.23 billion. During the same quarter last year, the company posted $2.14 EPS. As a group, equities analysts predict that TotalEnergies SE will post 8.02 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently issued reports on TTE shares. Morgan Stanley upgraded shares of TotalEnergies from an “equal weight” rating to an “overweight” rating and set a $60.80 target price for the company in a research report on Monday, May 12th. BNP Paribas raised TotalEnergies from a “neutral” rating to an “outperform” rating in a report on Tuesday, April 15th. Citigroup raised TotalEnergies from a “neutral” rating to a “buy” rating in a report on Wednesday, March 26th. Dbs Bank raised TotalEnergies from a “hold” rating to a “buy” rating in a report on Wednesday, May 7th. Finally, HSBC reissued a “buy” rating on shares of TotalEnergies in a report on Tuesday, May 13th. Four research analysts have rated the stock with a hold rating, seven have issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $69.36.

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.