Verdence Capital Advisors LLC Purchases 8,181 Shares of TotalEnergies SE (NYSE:TTE)

Verdence Capital Advisors LLC raised its stake in TotalEnergies SE (NYSE:TTE - Free Report) by 34.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 32,075 shares of the company's stock after purchasing an additional 8,181 shares during the quarter. Verdence Capital Advisors LLC's holdings in TotalEnergies were worth $1,748,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. FSA Wealth Management LLC purchased a new position in shares of TotalEnergies during the third quarter valued at approximately $26,000. Continuum Advisory LLC boosted its holdings 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 acquiring an additional 183 shares in the last quarter. Asset Planning Inc purchased a new position in TotalEnergies during the 4th quarter valued at $31,000. 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 in the 4th quarter worth $45,000. Hedge funds and other institutional investors own 16.53% of the company's stock.

TotalEnergies Stock Up 0.9 %

Shares of TTE traded up $0.58 during trading hours on Friday, hitting $61.36. The company had a trading volume of 2,835,004 shares, compared to its average volume of 1,511,824. The firm has a fifty day moving average price of $58.86 and a 200-day moving average price of $61.74. The stock has a market capitalization of $147.11 billion, a price-to-earnings ratio of 9.21, a P/E/G ratio of 0.98 and a beta of 0.56. TotalEnergies SE has a 52-week low of $53.29 and a 52-week high of $74.97. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.88 and a current ratio of 1.10.

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

Analysts Set New Price Targets

TTE has been the topic of several research analyst reports. BNP Paribas cut shares of TotalEnergies from an "outperform" rating to a "neutral" rating in a research report on Wednesday, November 27th. Piper Sandler reduced their target price on TotalEnergies from $77.00 to $62.00 and set a "neutral" rating on the stock in a report on Thursday, December 19th. Morgan Stanley restated an "equal weight" rating and issued a $64.10 target price (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 research note on Thursday, January 23rd. Finally, Royal Bank of Canada raised TotalEnergies from a "sector perform" rating to an "outperform" rating in a research report on Thursday, December 5th. 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 company. Based on data from MarketBeat.com, the company has an average 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.