Avantax Planning Partners Inc. Takes Position in TotalEnergies SE (NYSE:TTE)

Avantax Planning Partners Inc. purchased a new stake in shares of TotalEnergies SE (NYSE:TTE) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,550 shares of the company’s stock, valued at approximately $374,000.

Several other hedge funds have also added to or reduced their stakes in the company. Key Financial Inc boosted its stake in shares of TotalEnergies by 139.0% in the 4th quarter. Key Financial Inc now owns 380 shares of the company’s stock valued at $26,000 after purchasing an additional 221 shares during the last quarter. Evolution Advisers Inc. acquired a new stake in shares of TotalEnergies during the fourth quarter worth about $29,000. Frazier Financial Advisors LLC bought a new stake in TotalEnergies during the 4th quarter worth approximately $30,000. Motco boosted its stake in TotalEnergies by 216.2% in the 3rd quarter. Motco now owns 468 shares of the company’s stock worth $31,000 after purchasing an additional 320 shares during the period. Finally, NewSquare Capital LLC acquired a new stake in TotalEnergies in the 4th quarter valued at approximately $35,000. Institutional investors own 13.22% of the company’s stock.

Insider Transactions at TotalEnergies

In other news, Director Se Totalenergies purchased 196,964 shares of the company’s stock in a transaction that occurred on Thursday, March 28th. The stock was acquired at an average cost of $22.86 per share, with a total value of $4,502,597.04. Following the acquisition, the director now owns 295,235 shares in the company, valued at approximately $6,749,072.10. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on TTE shares. Scotiabank lifted their price target on shares of TotalEnergies from $74.00 to $86.00 and gave the company a “sector perform” rating in a research note on Thursday, April 11th. Piper Sandler lifted their target price on TotalEnergies from $75.00 to $79.00 and gave the company a “neutral” rating in a research report on Thursday, April 18th. Six investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $70.75.

TotalEnergies Stock Performance

Shares of NYSE TTE traded up $1.02 during midday trading on Friday, hitting $71.52. 836,428 shares of the company’s stock were exchanged, compared to its average volume of 1,049,632. The company’s 50 day moving average price is $71.65 and its 200 day moving average price is $68.00. TotalEnergies SE has a 12 month low of $54.94 and a 12 month high of $74.97. The firm has a market capitalization of $168.19 billion, a PE ratio of 8.07, a price-to-earnings-growth ratio of 1.77 and a beta of 0.70. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.31.

TotalEnergies (NYSE:TTE) last issued its quarterly earnings data on Friday, April 26th. The company reported $2.14 earnings per share for the quarter, beating the consensus estimate of $1.96 by $0.18. TotalEnergies had a net margin of 9.52% and a return on equity of 18.30%. The company had revenue of $56.28 billion for the quarter, compared to analyst estimates of $59.64 billion. As a group, analysts predict that TotalEnergies SE will post 9.08 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.