Summit Financial LLC Buys Shares of 5,540 TotalEnergies SE (NYSE:TTE)

Summit Financial LLC bought a new position in shares of TotalEnergies SE (NYSE:TTE - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 5,540 shares of the company's stock, valued at approximately $307,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TTE. Thrivent Financial for Lutherans acquired a new stake in shares of TotalEnergies during the 3rd quarter worth approximately $212,000. Charles Schwab Investment Management Inc. increased its holdings in TotalEnergies by 26.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 136,638 shares of the company's stock valued at $8,830,000 after buying an additional 28,857 shares in the last quarter. Captrust Financial Advisors raised its position in shares of TotalEnergies by 9.7% in the third quarter. Captrust Financial Advisors now owns 50,717 shares of the company's stock worth $3,277,000 after acquiring an additional 4,475 shares during the period. Verition Fund Management LLC purchased a new stake in shares of TotalEnergies during the 3rd quarter worth about $271,000. Finally, Benjamin Edwards Inc. grew its position in shares of TotalEnergies by 506.6% during the 3rd quarter. Benjamin Edwards Inc. now owns 30,890 shares of the company's stock valued at $1,997,000 after acquiring an additional 25,798 shares during the period. 16.53% of the stock is currently owned by institutional investors and hedge funds.

TotalEnergies Trading Down 3.4 %

TotalEnergies stock traded down $1.99 during trading on Monday, reaching $55.71. 2,344,761 shares of the company were exchanged, compared to its average volume of 1,547,411. The stock's 50 day simple moving average is $61.35 and its two-hundred day simple moving average is $60.88. The company has a market capitalization of $133.58 billion, a P/E ratio of 8.38, a PEG ratio of 0.98 and a beta of 0.45. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.10 and a quick ratio of 0.88. TotalEnergies SE has a 52-week low of $53.29 and a 52-week high of $74.97.

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TotalEnergies (NYSE:TTE - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $1.90 EPS for the quarter, topping the consensus estimate of $1.74 by $0.16. TotalEnergies had a return on equity of 15.22% and a net margin of 7.34%. On average, equities research analysts expect that TotalEnergies SE will post 8.02 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on TTE. Morgan Stanley restated an "equal weight" rating and issued a $64.10 price objective (down from $70.40) on shares of TotalEnergies in a research report on Tuesday, January 7th. Citigroup raised shares of TotalEnergies from a "neutral" rating to a "buy" rating in a report on Wednesday, March 26th. Piper Sandler dropped their target price on shares of TotalEnergies from $77.00 to $62.00 and set a "neutral" rating on the stock in a research report on Thursday, December 19th. Finally, Redburn Atlantic upgraded TotalEnergies from a "hold" rating to a "strong-buy" rating in a research report on Thursday, January 23rd. Six equities research analysts have rated the stock with a hold rating, three have given a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, TotalEnergies has an average rating of "Moderate Buy" and an average 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.