4,905 Shares in TotalEnergies SE (NYSE:TTE) Acquired by GWN Securities Inc.

GWN Securities Inc. purchased a new position in TotalEnergies SE (NYSE:TTE) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,905 shares of the company’s stock, valued at approximately $288,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Gallacher Capital Management LLC boosted its holdings in TotalEnergies by 7.8% in the fourth quarter. Gallacher Capital Management LLC now owns 6,503 shares of the company’s stock worth $354,000 after acquiring an additional 470 shares in the last quarter. Harbour Investments Inc. boosted its holdings in TotalEnergies by 24.8% in the fourth quarter. Harbour Investments Inc. now owns 1,862 shares of the company’s stock worth $101,000 after acquiring an additional 370 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its holdings in TotalEnergies by 19.1% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 89,134 shares of the company’s stock worth $4,858,000 after acquiring an additional 14,295 shares in the last quarter. one8zero8 LLC bought a new position in TotalEnergies in the fourth quarter worth approximately $425,000. Finally, Brandes Investment Partners LP boosted its holdings in TotalEnergies by 8.3% in the fourth quarter. Brandes Investment Partners LP now owns 544,505 shares of the company’s stock worth $29,676,000 after acquiring an additional 41,764 shares in the last quarter. Institutional investors own 16.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on TTE shares. Redburn Atlantic upgraded TotalEnergies from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 23rd. 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 report on Tuesday, January 7th. BNP Paribas lowered TotalEnergies from an “outperform” rating to a “neutral” rating in a report on Wednesday, November 27th. Royal Bank of Canada upgraded TotalEnergies from a “sector perform” rating to an “outperform” rating in a report on Thursday, December 5th. Finally, Piper Sandler dropped 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. Six analysts have rated the stock with a hold rating, two have given a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $72.42.

TotalEnergies Stock Performance

NYSE:TTE opened at $62.81 on Tuesday. 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 business has a fifty day simple moving average of $59.81 and a two-hundred day simple moving average of $61.26. TotalEnergies SE has a 1 year low of $53.29 and a 1 year high of $74.97. The company has a market capitalization of $150.59 billion, a P/E ratio of 9.43, a P/E/G ratio of 0.98 and a beta of 0.56.

TotalEnergies (NYSE:TTE) last released its earnings results on Wednesday, February 5th. The company reported $1.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.74 by $0.16. TotalEnergies had a return on equity of 15.22% and a net margin of 7.34%. On average, analysts expect that TotalEnergies SE will post 8.02 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.