Hennion & Walsh Asset Management Inc. Purchases 4,979 Shares of TotalEnergies SE (NYSE:TTE)

Hennion & Walsh Asset Management Inc. lifted its holdings in shares of TotalEnergies SE (NYSE:TTE) by 93.5% during the 1st quarter, Holdings Channel reports. The firm owned 10,303 shares of the company’s stock after purchasing an additional 4,979 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in TotalEnergies were worth $709,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of TTE. PDS Planning Inc lifted its position in shares of TotalEnergies by 2.3% during the 4th quarter. PDS Planning Inc now owns 6,839 shares of the company’s stock valued at $461,000 after acquiring an additional 156 shares during the period. Kestra Private Wealth Services LLC increased its stake in TotalEnergies by 1.0% in the fourth quarter. Kestra Private Wealth Services LLC now owns 18,496 shares of the company’s stock valued at $1,246,000 after purchasing an additional 179 shares in the last quarter. Juncture Wealth Strategies LLC raised its holdings in shares of TotalEnergies by 2.1% during the fourth quarter. Juncture Wealth Strategies LLC now owns 9,826 shares of the company’s stock valued at $662,000 after purchasing an additional 200 shares during the period. Rosenberg Matthew Hamilton boosted its position in shares of TotalEnergies by 5.3% during the 4th quarter. Rosenberg Matthew Hamilton now owns 4,077 shares of the company’s stock worth $275,000 after purchasing an additional 205 shares in the last quarter. Finally, Parkside Financial Bank & Trust grew its stake in shares of TotalEnergies by 38.7% in the 4th quarter. Parkside Financial Bank & Trust now owns 788 shares of the company’s stock valued at $53,000 after buying an additional 220 shares during the period. 13.22% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on TTE. Piper Sandler upped their price target on TotalEnergies from $75.00 to $79.00 and gave the stock a “neutral” rating in a research note on Thursday, April 18th. Scotiabank upped their target price on TotalEnergies from $74.00 to $86.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 11th. Six investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $70.75.

TotalEnergies Trading Up 0.1 %

NYSE:TTE opened at $68.65 on Wednesday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.09 and a quick ratio of 0.87. TotalEnergies SE has a one year low of $54.94 and a one year high of $74.97. The company has a market cap of $162.11 billion, a PE ratio of 7.75, a PEG ratio of 1.66 and a beta of 0.64. The firm has a 50-day moving average of $70.53 and a 200-day moving average of $68.34.

TotalEnergies (NYSE:TTE) last issued its quarterly earnings data on Friday, April 26th. The company reported $2.14 EPS for the quarter, topping analysts’ consensus estimates of $1.96 by $0.18. TotalEnergies had a return on equity of 18.30% and a net margin of 9.52%. The firm had revenue of $56.28 billion during the quarter, compared to analyst estimates of $59.64 billion. As a group, equities research analysts expect that TotalEnergies SE will post 9.16 EPS for the current fiscal year.

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.