HBK Sorce Advisory LLC Purchases New Shares in TotalEnergies SE (NYSE:TTE)

HBK Sorce Advisory LLC purchased a new stake in TotalEnergies SE (NYSE:TTE) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 4,501 shares of the company’s stock, valued at approximately $245,000.

Other large investors have also recently made changes to their positions in the company. FSA Wealth Management LLC purchased a new stake in shares of TotalEnergies during the 3rd quarter valued at $26,000. Continuum Advisory LLC increased its position in shares of TotalEnergies by 70.4% during the 3rd quarter. Continuum Advisory LLC now owns 443 shares of the company’s stock valued at $27,000 after purchasing an additional 183 shares during the last quarter. Asset Planning Inc purchased a new stake in shares of TotalEnergies during the 4th quarter valued at $31,000. HHM Wealth Advisors LLC increased its position in shares of 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 last quarter. Finally, Versant Capital Management Inc purchased a new stake in shares of TotalEnergies during the 4th quarter valued at $45,000. 16.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on TTE. Royal Bank of Canada raised TotalEnergies from a “sector perform” rating to an “outperform” rating in a research report on Thursday, December 5th. Morgan Stanley reiterated an “equal weight” rating and set a $64.10 price target (down previously from $70.40) on shares of TotalEnergies in a research note on Tuesday, January 7th. BNP Paribas downgraded TotalEnergies from an “outperform” rating to a “neutral” rating in a research note on Wednesday, November 27th. Piper Sandler cut their price target on TotalEnergies from $77.00 to $62.00 and set a “neutral” rating for the company in a research note on Thursday, December 19th. Finally, Redburn Atlantic upgraded TotalEnergies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 23rd. Six equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $72.42.

TotalEnergies Stock Up 1.4 %

Shares of NYSE TTE opened at $62.81 on Friday. TotalEnergies SE has a 52 week low of $53.29 and a 52 week high of $74.97. The business has a 50-day simple moving average of $59.69 and a two-hundred day simple moving average of $61.36. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.36. The company has a market cap 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 issued its earnings results on Wednesday, February 5th. The company reported $1.90 EPS for the quarter, topping the consensus estimate of $1.74 by $0.16. TotalEnergies had a return on equity of 15.22% and a net margin of 7.34%. Research analysts anticipate that TotalEnergies SE will post 8.02 earnings per share 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.