Cutler Capital Management LLC Raises Stock Holdings in TotalEnergies SE (NYSE:TTE)

Cutler Capital Management LLC lifted its position in shares of TotalEnergies SE (NYSE:TTE - Free Report) by 181.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 34,030 shares of the company's stock after purchasing an additional 21,948 shares during the period. Cutler Capital Management LLC's holdings in TotalEnergies were worth $1,762,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in TTE. Continuum Advisory LLC lifted its holdings in TotalEnergies by 70.4% during the 3rd quarter. Continuum Advisory LLC now owns 443 shares of the company's stock worth $27,000 after buying an additional 183 shares during the period. Asset Planning Inc acquired a new position in shares of TotalEnergies in the fourth quarter worth approximately $31,000. Bernard Wealth Management Corp. bought a new stake in TotalEnergies in the fourth quarter valued at approximately $32,000. HHM Wealth Advisors LLC increased 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 purchasing an additional 400 shares during the period. Finally, Versant Capital Management Inc bought a new position in TotalEnergies during the 4th quarter worth approximately $45,000. Institutional investors and hedge funds own 16.53% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on TTE. Citigroup raised shares of TotalEnergies from a "neutral" rating to a "buy" rating in a research report on Wednesday, March 26th. Piper Sandler cut their target price on shares of TotalEnergies from $77.00 to $62.00 and set a "neutral" rating on the stock in a research note on Thursday, December 19th. Scotiabank decreased their price target on shares of TotalEnergies from $65.00 to $60.00 and set a "sector perform" rating for the company in a research note on Friday. Redburn Atlantic raised shares of TotalEnergies from a "hold" rating to a "strong-buy" rating in a research report on Thursday, January 23rd. Finally, Morgan Stanley restated an "equal weight" rating and issued a $64.10 target price (down from $70.40) on shares of TotalEnergies in a research note on Tuesday, January 7th. Six 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 company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $69.42.

TotalEnergies Stock Up 0.7 %

Shares of TTE stock traded up $0.41 during trading hours on Monday, reaching $56.64. The company had a trading volume of 548,995 shares, compared to its average volume of 1,578,069. The company has a market cap of $135.80 billion, a price-to-earnings ratio of 8.50, a price-to-earnings-growth 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 12 month low of $52.78 and a 12 month high of $74.97. The business has a fifty day simple moving average of $60.91 and a 200-day simple moving average of $60.30.

TotalEnergies (NYSE:TTE - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $1.90 earnings per share for the quarter, beating 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, research analysts expect that TotalEnergies SE will post 8.02 earnings per share for the current fiscal year.

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.