HBK Sorce Advisory LLC Takes Position in TotalEnergies SE (NYSE:TTE)

HBK Sorce Advisory LLC purchased a new stake in shares of TotalEnergies SE (NYSE:TTE) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 4,501 shares of the company’s stock, valued at approximately $245,000.

Other large investors have also recently modified their holdings of the company. Clear Creek Financial Management LLC purchased a new position in shares of TotalEnergies during the 4th quarter valued at about $345,000. Logan Capital Management Inc. raised its holdings in shares of TotalEnergies by 22.8% during the 3rd quarter. Logan Capital Management Inc. now owns 71,757 shares of the company’s stock valued at $4,637,000 after buying an additional 13,331 shares in the last quarter. FMR LLC raised its holdings in shares of TotalEnergies by 2.7% during the 3rd quarter. FMR LLC now owns 12,445,228 shares of the company’s stock valued at $804,211,000 after buying an additional 324,033 shares in the last quarter. Equity Investment Corp raised its holdings in shares of TotalEnergies by 2.3% during the 3rd quarter. Equity Investment Corp now owns 1,862,312 shares of the company’s stock valued at $120,343,000 after buying an additional 41,564 shares in the last quarter. Finally, CWA Asset Management Group LLC raised its holdings in shares of TotalEnergies by 85.1% during the 4th quarter. CWA Asset Management Group LLC now owns 23,571 shares of the company’s stock valued at $1,285,000 after buying an additional 10,835 shares in the last quarter. Institutional investors own 16.53% of the company’s stock.

TotalEnergies Trading Up 1.4 %

NYSE TTE opened at $62.81 on Friday. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.36. TotalEnergies SE has a twelve month low of $53.29 and a twelve month high of $74.97. The firm has a market capitalization of $150.59 billion, a PE ratio of 9.43, a P/E/G ratio of 0.98 and a beta of 0.56. The stock’s 50 day moving average is $59.69 and its 200 day moving average is $61.36.

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 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 forecast that TotalEnergies SE will post 8.02 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

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.