Addison Advisors LLC Acquires 220 Shares of TotalEnergies SE (NYSE:TTE)

Addison Advisors LLC lifted its holdings in TotalEnergies SE (NYSE:TTE) by 68.5% in the fourth quarter, HoldingsChannel.com reports. The fund owned 541 shares of the company’s stock after buying an additional 220 shares during the quarter. Addison Advisors LLC’s holdings in TotalEnergies were worth $36,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Key Financial Inc boosted its stake in shares of TotalEnergies by 139.0% in the fourth quarter. Key Financial Inc now owns 380 shares of the company’s stock worth $26,000 after acquiring an additional 221 shares during the period. Evolution Advisers Inc. bought a new position in shares of TotalEnergies in the fourth quarter worth about $29,000. Arlington Trust Co LLC purchased a new stake in shares of TotalEnergies in the third quarter worth about $31,000. Motco lifted its position in shares of TotalEnergies by 216.2% in the third quarter. Motco now owns 468 shares of the company’s stock worth $31,000 after buying an additional 320 shares in the last quarter. Finally, NewSquare Capital LLC purchased a new stake in shares of TotalEnergies in the fourth quarter worth about $35,000. Institutional investors own 13.22% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on TTE. Scotiabank boosted their target price on 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 TotalEnergies from $75.00 to $79.00 and gave the stock a “neutral” rating in a research report on Thursday, April 18th. Six investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $70.75.

Insider Buying and Selling at TotalEnergies

In related news, Director Se Totalenergies acquired 196,964 shares of the firm’s stock in a transaction on Thursday, March 28th. The shares were acquired at an average cost of $22.86 per share, for a total transaction of $4,502,597.04. Following the completion of the transaction, the director now directly owns 295,235 shares in the company, valued at approximately $6,749,072.10. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

TotalEnergies Trading Up 1.1 %

TTE stock traded up $0.81 during midday trading on Friday, reaching $74.56. 2,495,383 shares of the company traded hands, compared to its average volume of 1,314,394. TotalEnergies SE has a 52-week low of $54.94 and a 52-week high of $74.97. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.90 and a current ratio of 1.12. The business has a 50 day moving average of $68.74 and a 200-day moving average of $67.17. The firm has a market capitalization of $175.34 billion, a price-to-earnings ratio of 8.42, a P/E/G ratio of 1.67 and a beta of 0.72.

TotalEnergies (NYSE:TTE) last issued its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $55.14 billion. During the same quarter last year, the company earned $2.97 earnings per share. As a group, sell-side analysts expect that TotalEnergies SE will post 9.32 earnings per share for the current fiscal year.

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.