Weatherly Asset Management L. P. Increases Position in TotalEnergies SE (NYSE:TTE)

Weatherly Asset Management L. P. raised its holdings in shares of TotalEnergies SE (NYSE:TTE) by 13.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 65,106 shares of the company’s stock after acquiring an additional 7,498 shares during the quarter. Weatherly Asset Management L. P.’s holdings in TotalEnergies were worth $4,438,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. IFP Advisors Inc boosted its position in shares of TotalEnergies by 10.2% in the third quarter. IFP Advisors Inc now owns 1,695 shares of the company’s stock worth $111,000 after acquiring an additional 157 shares during the last quarter. Arkadios Wealth Advisors lifted its position in TotalEnergies by 15.8% during the third quarter. Arkadios Wealth Advisors now owns 6,577 shares of the company’s stock valued at $432,000 after buying an additional 896 shares in the last quarter. DAVENPORT & Co LLC lifted its position in TotalEnergies by 5.5% during the third quarter. DAVENPORT & Co LLC now owns 141,488 shares of the company’s stock valued at $9,305,000 after buying an additional 7,337 shares in the last quarter. BTC Capital Management Inc. lifted its position in TotalEnergies by 20.7% during the third quarter. BTC Capital Management Inc. now owns 33,643 shares of the company’s stock valued at $2,212,000 after buying an additional 5,769 shares in the last quarter. Finally, Cedar Brook Financial Partners LLC lifted its position in TotalEnergies by 34.1% during the third quarter. Cedar Brook Financial Partners LLC now owns 7,890 shares of the company’s stock valued at $519,000 after buying an additional 2,008 shares in the last quarter. 13.22% of the stock is currently owned by hedge funds and other institutional investors.

TotalEnergies Stock Performance

Shares of TTE stock traded up $0.41 during trading hours on Tuesday, reaching $73.00. The stock had a trading volume of 775,698 shares, compared to its average volume of 1,701,228. The firm has a 50-day simple moving average of $68.03 and a 200-day simple moving average of $66.94. The firm has a market capitalization of $171.67 billion, a PE ratio of 8.38, a price-to-earnings-growth ratio of 1.72 and a beta of 0.72. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.12 and a quick ratio of 0.90. TotalEnergies SE has a twelve month low of $54.94 and a twelve month high of $74.06.

TotalEnergies (NYSE:TTE) last announced its earnings results on Wednesday, February 7th. The company reported $2.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.43 by ($0.27). TotalEnergies had a net margin of 9.19% and a return on equity of 19.61%. The company had revenue of $54.77 billion during the quarter, compared to the consensus estimate of $55.14 billion. During the same quarter in the prior year, the company earned $2.97 EPS. As a group, equities analysts forecast that TotalEnergies SE will post 9.38 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Scotiabank boosted their target price on shares of TotalEnergies from $74.00 to $86.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 11th. Piper Sandler boosted their target price on shares of TotalEnergies from $75.00 to $79.00 and gave the stock a “neutral” rating in a research report on Thursday, April 18th. Six analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $70.75.

Insider Activity

In other news, Director Se Totalenergies bought 196,964 shares of the firm’s stock in a transaction on Thursday, March 28th. The stock was bought at an average cost of $22.86 per share, for a total transaction of $4,502,597.04. Following the completion of the acquisition, the director now directly owns 295,235 shares in the company, valued at approximately $6,749,072.10. The purchase was disclosed in a document filed with the SEC, which is available at this link.

About TotalEnergies

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.