TotalEnergies SE (NYSE:TTE) Shares Acquired by Css LLC Il

Css LLC Il increased its stake in shares of TotalEnergies SE (NYSE:TTE) by 162.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,175 shares of the company’s stock after purchasing an additional 24,866 shares during the quarter. Css LLC Il’s holdings in TotalEnergies were worth $2,190,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. Waverly Advisors LLC acquired a new position in shares of TotalEnergies in the fourth quarter valued at approximately $574,000. Tidal Investments LLC raised its holdings in TotalEnergies by 227.9% in the 4th quarter. Tidal Investments LLC now owns 205,561 shares of the company’s stock valued at $11,203,000 after acquiring an additional 142,869 shares during the last quarter. Strategic Global Advisors LLC purchased a new position in shares of TotalEnergies during the 4th quarter worth $268,000. Snowden Capital Advisors LLC boosted its holdings in shares of TotalEnergies by 0.8% during the fourth quarter. Snowden Capital Advisors LLC now owns 25,441 shares of the company’s stock worth $1,407,000 after purchasing an additional 205 shares during the last quarter. Finally, Silvercrest Asset Management Group LLC grew its position in shares of TotalEnergies by 23.4% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 142,025 shares of the company’s stock valued at $7,740,000 after purchasing an additional 26,968 shares during the period. Institutional investors and hedge funds own 16.53% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on TTE shares. BNP Paribas upgraded TotalEnergies from a “neutral” rating to an “outperform” rating in a research report on Tuesday, April 15th. Morgan Stanley raised shares of TotalEnergies from an “equal weight” rating to an “overweight” rating and set a $60.80 price objective for the company in a research note on Monday, May 12th. Redburn Atlantic upgraded shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 23rd. Citigroup upgraded shares of TotalEnergies from a “neutral” rating to a “buy” rating in a report on Wednesday, March 26th. Finally, HSBC reaffirmed a “buy” rating on shares of TotalEnergies in a research report on Tuesday, May 13th. Four investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $69.36.

TotalEnergies Stock Performance

Shares of NYSE:TTE opened at $59.41 on Wednesday. The business’s 50-day simple moving average is $59.60 and its 200 day simple moving average is $58.95. The company has a market cap of $142.45 billion, a P/E ratio of 8.92, a PEG ratio of 0.98 and a beta of 0.58. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.88 and a current ratio of 1.10. TotalEnergies SE has a one year low of $52.78 and a one year high of $73.12.

TotalEnergies (NYSE:TTE) last posted its earnings results on Wednesday, April 30th. The company reported $1.83 EPS for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.05). The firm had revenue of $47.90 billion for the quarter, compared to analyst estimates of $41.23 billion. TotalEnergies had a return on equity of 15.22% and a net margin of 7.34%. During the same period in the previous year, the firm posted $2.14 earnings per share. On average, sell-side analysts forecast that TotalEnergies SE will post 8.02 earnings per share 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.