TD Private Client Wealth LLC Boosts Stake in TotalEnergies SE (NYSE:TTE)

TD Private Client Wealth LLC increased its holdings in TotalEnergies SE (NYSE:TTE - Free Report) by 21.9% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 72,433 shares of the company's stock after acquiring an additional 12,995 shares during the period. TD Private Client Wealth LLC's holdings in TotalEnergies were worth $3,948,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TTE. FSA Wealth Management LLC purchased a new position in shares of TotalEnergies during the 3rd quarter worth $26,000. Continuum Advisory LLC lifted its position in TotalEnergies by 70.4% in the third quarter. Continuum Advisory LLC now owns 443 shares of the company's stock valued at $27,000 after buying an additional 183 shares during the last quarter. Asset Planning Inc purchased a new position in TotalEnergies during the fourth quarter worth about $31,000. HHM Wealth Advisors LLC increased its position in shares of TotalEnergies by 156.3% during the fourth quarter. HHM Wealth Advisors LLC now owns 656 shares of the company's stock valued at $36,000 after acquiring an additional 400 shares during the last quarter. Finally, Versant Capital Management Inc purchased a new stake in shares of TotalEnergies in the 4th quarter valued at approximately $45,000. Institutional investors and hedge funds own 16.53% of the company's stock.

TotalEnergies Stock Up 1.0 %

Shares of TTE stock traded up $0.62 on Tuesday, reaching $63.57. 2,034,334 shares of the stock were exchanged, compared to its average volume of 1,513,423. The company has a market capitalization of $152.42 billion, a price-to-earnings ratio of 9.55, a PEG ratio of 0.98 and a beta of 0.56. The business's 50 day moving average price is $60.60 and its 200 day moving average price is $61.10. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.36. TotalEnergies SE has a twelve month low of $53.29 and a twelve month high of $74.97.

Remove Ads

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

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Piper Sandler dropped their target price on shares of TotalEnergies from $77.00 to $62.00 and set a "neutral" rating for the company in a report on Thursday, December 19th. Redburn Atlantic raised TotalEnergies from a "hold" rating to a "strong-buy" rating in a research note on Thursday, January 23rd. Royal Bank of Canada raised TotalEnergies from a "sector perform" rating to an "outperform" rating in a research note on Thursday, December 5th. BNP Paribas downgraded TotalEnergies from an "outperform" rating to a "neutral" rating in a research report on Wednesday, November 27th. Finally, Morgan Stanley reissued an "equal weight" rating and set a $64.10 price target (down previously from $70.40) on shares of TotalEnergies in a research report on Tuesday, January 7th. Six research analysts have rated the stock with a hold rating, two have issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, TotalEnergies currently has a consensus rating of "Moderate Buy" and a consensus target price 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.