J.W. Cole Advisors Inc. Grows Position in TotalEnergies SE (NYSE:TTE)

J.W. Cole Advisors Inc. increased its holdings in TotalEnergies SE (NYSE:TTE) by 11.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,321 shares of the company’s stock after acquiring an additional 447 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in TotalEnergies were worth $291,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. FMR LLC lifted its stake in TotalEnergies by 0.4% in the third quarter. FMR LLC now owns 12,364,753 shares of the company’s stock worth $813,106,000 after acquiring an additional 52,562 shares during the period. Ameriprise Financial Inc. lifted its stake in TotalEnergies by 3.7% in the third quarter. Ameriprise Financial Inc. now owns 3,648,282 shares of the company’s stock worth $241,480,000 after acquiring an additional 129,960 shares during the period. American Century Companies Inc. lifted its stake in TotalEnergies by 0.4% in the third quarter. American Century Companies Inc. now owns 3,160,760 shares of the company’s stock worth $207,852,000 after acquiring an additional 11,094 shares during the period. Envestnet Asset Management Inc. lifted its stake in TotalEnergies by 27.1% in the third quarter. Envestnet Asset Management Inc. now owns 2,765,323 shares of the company’s stock worth $181,848,000 after acquiring an additional 590,372 shares during the period. Finally, Royal Bank of Canada lifted its stake in TotalEnergies by 8.8% in the third quarter. Royal Bank of Canada now owns 2,405,524 shares of the company’s stock worth $158,186,000 after acquiring an additional 194,228 shares during the period. 13.22% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Se Totalenergies acquired 196,964 shares of the business’s stock in a transaction dated Thursday, March 28th. The shares were purchased at an average price of $22.86 per share, for a total transaction of $4,502,597.04. Following the completion of the acquisition, the director now directly owns 295,235 shares in the company, valued at approximately $6,749,072.10. The transaction was disclosed in a document filed with the SEC, which is available through this link.

TotalEnergies Stock Performance

Shares of TotalEnergies stock opened at $72.76 on Thursday. The company has a market capitalization of $171.11 billion, a PE ratio of 8.39, a P/E/G ratio of 1.64 and a beta of 0.72. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.90 and a current ratio of 1.12. The company has a 50-day simple moving average of $68.36 and a two-hundred day simple moving average of $67.05. TotalEnergies SE has a one year low of $54.94 and a one year high of $74.06.

TotalEnergies (NYSE:TTE) last announced its earnings results on Wednesday, February 7th. The company reported $2.16 EPS for the quarter, missing analysts’ consensus estimates of $2.43 by ($0.27). The firm had revenue of $54.77 billion during the quarter, compared to the consensus estimate of $55.14 billion. TotalEnergies had a return on equity of 19.61% and a net margin of 9.19%. During the same quarter in the prior year, the firm posted $2.97 earnings per share. Research analysts expect that TotalEnergies SE will post 9.32 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.