NewEdge Advisors LLC Increases Position in TotalEnergies SE (NYSE:TTE)

NewEdge Advisors LLC raised its stake in shares of TotalEnergies SE (NYSE:TTE - Free Report) by 22.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 46,477 shares of the company's stock after buying an additional 8,502 shares during the period. NewEdge Advisors LLC's holdings in TotalEnergies were worth $2,533,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Asset Planning Inc purchased a new position in TotalEnergies in the fourth quarter valued at $31,000. Bernard Wealth Management Corp. purchased a new position in shares of TotalEnergies in the 4th quarter valued at about $32,000. HHM Wealth Advisors LLC raised its holdings in TotalEnergies by 156.3% in the 4th 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 approximately $45,000. Finally, Stonebridge Financial Group LLC acquired a new stake in TotalEnergies in the fourth quarter valued at approximately $49,000. Institutional investors and hedge funds own 16.53% of the company's stock.

TotalEnergies Stock Up 1.3 %

Shares of NYSE TTE traded up $0.77 during midday trading on Friday, hitting $60.05. The company's stock had a trading volume of 1,313,301 shares, compared to its average volume of 1,573,508. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.10 and a quick ratio of 0.88. The firm has a market capitalization of $143.97 billion, a price-to-earnings ratio of 9.02, a price-to-earnings-growth ratio of 0.98 and a beta of 0.45. The business's fifty day simple moving average is $60.43 and its two-hundred day simple moving average is $59.84. TotalEnergies SE has a 1 year low of $52.78 and a 1 year high of $74.97.

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 net margin of 7.34% and a return on equity of 15.22%. On average, equities analysts predict that TotalEnergies SE will post 8.02 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on TTE. Redburn Atlantic raised TotalEnergies from a "hold" rating to a "strong-buy" rating in a research note on Thursday, January 23rd. Citigroup upgraded TotalEnergies from a "neutral" rating to a "buy" rating in a research report on Wednesday, March 26th. Scotiabank decreased their price objective on TotalEnergies from $65.00 to $60.00 and set a "sector perform" rating on the stock in a report on Friday, April 11th. Morgan Stanley reiterated an "equal weight" rating and issued a $64.10 price objective (down from $70.40) on shares of TotalEnergies in a report on Tuesday, January 7th. Finally, BNP Paribas upgraded TotalEnergies from a "neutral" rating to an "outperform" rating in a research report on Tuesday, April 15th. Five equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $69.42.

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.