Scotia Capital Inc. Buys New Shares in TotalEnergies SE (NYSE:TTE)

Scotia Capital Inc. acquired a new position in shares of TotalEnergies SE (NYSE:TTE) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 5,488 shares of the company’s stock, valued at approximately $299,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Asset Planning Inc bought a new stake in shares of TotalEnergies during the fourth quarter valued at approximately $31,000. Bernard Wealth Management Corp. bought a new stake in TotalEnergies during the fourth quarter worth $32,000. HHM Wealth Advisors LLC boosted its holdings in shares of TotalEnergies by 156.3% in the 4th quarter. HHM Wealth Advisors LLC now owns 656 shares of the company’s stock worth $36,000 after buying an additional 400 shares during the last quarter. Versant Capital Management Inc purchased a new position in TotalEnergies in the fourth quarter valued at about $45,000. Finally, Stonebridge Financial Group LLC bought a new stake in shares of TotalEnergies in the fourth quarter valued at $49,000. 16.53% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

TTE has been the subject of several recent research reports. Citigroup upgraded shares of TotalEnergies from a “neutral” rating to a “buy” rating in a research note on Wednesday, March 26th. Morgan Stanley restated an “equal weight” rating and set a $64.10 target price (down previously from $70.40) on shares of TotalEnergies in a research report on Tuesday, January 7th. Scotiabank cut their price target on TotalEnergies from $65.00 to $60.00 and set a “sector perform” rating for the company in a report on Friday. Redburn Atlantic raised TotalEnergies from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 23rd. Finally, Piper Sandler reduced their target price on TotalEnergies from $77.00 to $62.00 and set a “neutral” rating for the company in a report on Thursday, December 19th. Six research analysts have rated the stock with a hold rating, three have assigned a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat, TotalEnergies currently has an average rating of “Moderate Buy” and an average price target of $69.42.

TotalEnergies Stock Performance

NYSE:TTE opened at $56.80 on Tuesday. 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 business’s 50-day moving average price is $60.84 and its two-hundred day moving average price is $60.24. The stock has a market cap of $136.19 billion, a P/E ratio of 8.53, a PEG ratio of 0.98 and a beta of 0.45. TotalEnergies SE has a twelve month low of $52.78 and a twelve month high of $74.97.

TotalEnergies (NYSE:TTE) last released its quarterly earnings results on Wednesday, February 5th. The company reported $1.90 earnings per share for the quarter, beating 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%. As a group, equities analysts predict that TotalEnergies SE will post 8.02 EPS for the current fiscal 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.