13,500 Shares in TotalEnergies SE (NYSE:TTE) Bought by Cinctive Capital Management LP

Cinctive Capital Management LP purchased a new stake in TotalEnergies SE (NYSE:TTE - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 13,500 shares of the company's stock, valued at approximately $736,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Continuum Advisory LLC increased its stake in shares of TotalEnergies by 70.4% in the 3rd quarter. Continuum Advisory LLC now owns 443 shares of the company's stock worth $27,000 after acquiring an additional 183 shares during the last quarter. Asset Planning Inc acquired a new stake in TotalEnergies during the fourth quarter worth about $31,000. HHM Wealth Advisors LLC raised its stake in TotalEnergies by 156.3% during the fourth quarter. HHM Wealth Advisors LLC now owns 656 shares of the company's stock worth $36,000 after purchasing an additional 400 shares during the period. Versant Capital Management Inc purchased a new position in TotalEnergies during the fourth quarter worth about $45,000. Finally, Stonebridge Financial Group LLC acquired a new position in TotalEnergies in the 4th quarter valued at about $49,000. Institutional investors and hedge funds own 16.53% of the company's stock.

TotalEnergies Trading Down 3.7 %

TotalEnergies stock traded down $2.15 during midday trading on Monday, reaching $55.55. 3,290,862 shares of the stock traded hands, compared to its average volume of 1,550,680. The firm has a market cap of $133.19 billion, a PE ratio of 8.34, a price-to-earnings-growth ratio of 0.98 and a beta of 0.45. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.36. The company has a 50-day simple moving average of $61.35 and a two-hundred day simple moving average of $60.88. TotalEnergies SE has a 12-month low of $53.29 and a 12-month high of $74.97.

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

Analyst Ratings Changes

TTE has been the topic of several analyst reports. Citigroup raised shares of TotalEnergies from a "neutral" rating to a "buy" rating in a research report on Wednesday, March 26th. Piper Sandler reduced their target price on TotalEnergies from $77.00 to $62.00 and set a "neutral" rating on the stock in a research report on Thursday, December 19th. Morgan Stanley reaffirmed an "equal weight" rating and issued a $64.10 price target (down previously from $70.40) on shares of TotalEnergies in a research note on Tuesday, January 7th. Finally, Redburn Atlantic raised TotalEnergies from a "hold" rating to a "strong-buy" rating in a research report on Thursday, January 23rd. Six research analysts have rated the stock with a hold rating, three have assigned a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $72.42.

TotalEnergies 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.