3,553 Shares in TotalEnergies SE (NYSE:TTE) Acquired by KCM Investment Advisors LLC

KCM Investment Advisors LLC bought a new stake in TotalEnergies SE (NYSE:TTE) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 3,553 shares of the company’s stock, valued at approximately $245,000.

Several other hedge funds also recently modified their holdings of TTE. International Assets Investment Management LLC raised its position in shares of TotalEnergies by 6,549.9% in the fourth quarter. International Assets Investment Management LLC now owns 503,396 shares of the company’s stock valued at $33,919,000 after purchasing an additional 495,826 shares during the period. Natixis Advisors L.P. lifted its position in shares of TotalEnergies by 29.4% during the 4th quarter. Natixis Advisors L.P. now owns 1,988,119 shares of the company’s stock worth $133,959,000 after purchasing an additional 451,597 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in TotalEnergies by 159,211.0% during the 1st quarter. BNP Paribas Financial Markets now owns 434,919 shares of the company’s stock valued at $29,935,000 after purchasing an additional 434,646 shares during the period. Fisher Asset Management LLC grew its holdings in TotalEnergies by 2.0% in the 4th quarter. Fisher Asset Management LLC now owns 21,184,792 shares of the company’s stock valued at $1,427,431,000 after buying an additional 419,487 shares during the last quarter. Finally, Global Assets Advisory LLC bought a new position in TotalEnergies in the 1st quarter worth approximately $22,081,000. Institutional investors and hedge funds own 13.22% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on TTE. Scotiabank lowered their price objective on shares of TotalEnergies from $86.00 to $80.00 and set a “sector perform” rating on the stock in a research note on Friday. Piper Sandler increased their target price on shares of TotalEnergies from $75.00 to $79.00 and gave the company a “neutral” rating in a research note on Thursday, April 18th. Six research analysts have rated the stock with a hold rating, According to MarketBeat.com, TotalEnergies has a consensus rating of “Hold” and a consensus target price of $69.25.

TotalEnergies Price Performance

Shares of TotalEnergies stock traded down $0.29 during trading on Monday, hitting $69.04. 270,409 shares of the company’s stock traded hands, compared to its average volume of 1,513,997. TotalEnergies SE has a twelve month low of $57.01 and a twelve month high of $74.97. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.09 and a quick ratio of 0.87. The company has a market cap of $163.03 billion, a PE ratio of 7.83, a PEG ratio of 1.73 and a beta of 0.64. The firm’s fifty day moving average price is $69.96 and its 200 day moving average price is $68.39.

TotalEnergies (NYSE:TTE) last released its quarterly earnings data on Friday, April 26th. The company reported $2.14 earnings per share for the quarter, beating 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 company had revenue of $56.28 billion for the quarter, compared to the consensus estimate of $59.64 billion. Analysts forecast that TotalEnergies SE will post 9.16 earnings per share for the current year.

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.