Sagespring Wealth Partners LLC Buys Shares of 11,662 TotalEnergies SE (NYSE:TTE)

Sagespring Wealth Partners LLC purchased a new stake in TotalEnergies SE (NYSE:TTE - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 11,662 shares of the company's stock, valued at approximately $636,000.

Other institutional investors have also recently bought and sold shares of the company. Barclays PLC boosted its holdings in TotalEnergies by 266.5% during the third quarter. Barclays PLC now owns 674,154 shares of the company's stock worth $43,564,000 after purchasing an additional 490,187 shares during the last quarter. Coldstream Capital Management Inc. boosted its stake in shares of TotalEnergies by 16.5% during the 3rd quarter. Coldstream Capital Management Inc. now owns 5,317 shares of the company's stock worth $344,000 after buying an additional 753 shares during the last quarter. Anchor Investment Management LLC grew its holdings in shares of TotalEnergies by 109.3% in the 3rd quarter. Anchor Investment Management LLC now owns 942 shares of the company's stock valued at $61,000 after acquiring an additional 492 shares in the last quarter. World Investment Advisors LLC increased its position in shares of TotalEnergies by 51.6% in the third quarter. World Investment Advisors LLC now owns 4,558 shares of the company's stock valued at $295,000 after acquiring an additional 1,552 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in TotalEnergies during the third quarter worth about $303,000. Institutional investors own 16.53% of the company's stock.

TotalEnergies Price Performance

Shares of NYSE:TTE traded up $0.56 during trading on Friday, reaching $58.39. 1,306,216 shares of the company traded hands, compared to its average volume of 1,570,661. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.36. TotalEnergies SE has a 52 week low of $52.78 and a 52 week high of $74.97. The firm has a market capitalization of $140.00 billion, a PE ratio of 8.77, a PEG ratio of 0.98 and a beta of 0.45. The company's 50 day moving average is $60.61 and its two-hundred day moving average is $60.10.

TotalEnergies (NYSE:TTE - Get Free Report) last released its earnings results on Wednesday, February 5th. The company reported $1.90 earnings per share 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%. As a group, sell-side analysts predict that TotalEnergies SE will post 8.02 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Citigroup upgraded TotalEnergies from a "neutral" rating to a "buy" rating in a research note on Wednesday, March 26th. Scotiabank cut their target price 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, April 11th. Morgan Stanley restated an "equal weight" rating and issued a $64.10 price objective (down previously from $70.40) on shares of TotalEnergies in a research note on Tuesday, January 7th. Redburn Atlantic raised TotalEnergies from a "hold" rating to a "strong-buy" rating in a report on Thursday, January 23rd. Finally, BNP Paribas upgraded shares of TotalEnergies from a "neutral" rating to an "outperform" rating in a research note on Tuesday. Five analysts have rated the stock with a hold rating, four have issued a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $69.42.

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.