Mariner LLC Buys 14,750 Shares of TotalEnergies SE (NYSE:TTE)

Mariner LLC grew its holdings in shares of TotalEnergies SE (NYSE:TTE) by 10.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 162,738 shares of the company’s stock after purchasing an additional 14,750 shares during the quarter. Mariner LLC’s holdings in TotalEnergies were worth $8,869,000 as of its most recent filing with the Securities & Exchange Commission.

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

Analysts Set New Price Targets

A number of research firms have recently commented on TTE. Redburn Atlantic raised TotalEnergies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 23rd. Scotiabank lowered their price target on shares of TotalEnergies from $65.00 to $60.00 and set a “sector perform” rating for the company in a research report on Friday, April 11th. BNP Paribas upgraded shares of TotalEnergies from a “neutral” rating to an “outperform” rating in a report on Tuesday. Morgan Stanley reissued an “equal weight” rating and issued a $64.10 price objective (down previously from $70.40) on shares of TotalEnergies in a research report on Tuesday, January 7th. Finally, Citigroup raised shares of TotalEnergies from a “neutral” rating to a “buy” rating in a research report on Wednesday, March 26th. Five investment analysts have rated the stock with a hold rating, four have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $69.42.

TotalEnergies Stock Up 1.0 %

TotalEnergies stock opened at $58.39 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.88 and a current ratio of 1.10. The firm has a 50 day moving average price of $60.61 and a 200 day moving average price of $60.10. TotalEnergies SE has a fifty-two week low of $52.78 and a fifty-two week high of $74.97. The company has a market capitalization of $140.00 billion, a PE ratio of 8.77, a price-to-earnings-growth ratio of 0.98 and a beta of 0.45.

TotalEnergies (NYSE:TTE) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $1.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.74 by $0.16. TotalEnergies had a net margin of 7.34% and a return on equity of 15.22%. Research analysts expect that TotalEnergies SE will post 8.02 earnings per share for the current 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.