10,827 Shares in TotalEnergies SE (NYSE:TTE) Purchased by Cary Street Partners Financial LLC

Cary Street Partners Financial LLC acquired a new stake in TotalEnergies SE (NYSE:TTE - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 10,827 shares of the company's stock, valued at approximately $590,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Bank of America Corp DE increased its holdings in shares of TotalEnergies by 121.1% in the fourth quarter. Bank of America Corp DE now owns 7,648,225 shares of the company's stock valued at $416,828,000 after purchasing an additional 4,189,652 shares during the last quarter. Benjamin Edwards Inc. lifted its stake in TotalEnergies by 13.9% during the fourth quarter. Benjamin Edwards Inc. now owns 35,198 shares of the company's stock worth $1,919,000 after purchasing an additional 4,308 shares in the last quarter. BNP Paribas Financial Markets boosted its position in shares of TotalEnergies by 295.3% during the fourth quarter. BNP Paribas Financial Markets now owns 689,494 shares of the company's stock worth $37,577,000 after buying an additional 515,088 shares during the period. Alyeska Investment Group L.P. grew its stake in shares of TotalEnergies by 29.5% in the fourth quarter. Alyeska Investment Group L.P. now owns 322,224 shares of the company's stock valued at $17,561,000 after buying an additional 73,481 shares in the last quarter. Finally, American Trust Investment Advisors LLC raised its holdings in shares of TotalEnergies by 34.6% in the 4th quarter. American Trust Investment Advisors LLC now owns 11,737 shares of the company's stock valued at $640,000 after buying an additional 3,015 shares during the period. Institutional investors and hedge funds own 16.53% of the company's stock.

TotalEnergies Stock Up 2.2 %

Shares of TotalEnergies stock traded up $1.27 during trading hours on Friday, hitting $58.67. The company had a trading volume of 1,619,123 shares, compared to its average volume of 1,597,940. The company's 50-day moving average is $59.88 and its two-hundred day moving average is $59.14. TotalEnergies SE has a twelve month low of $52.78 and a twelve month high of $74.43. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.10 and a quick ratio of 0.88. The company has a market cap of $140.67 billion, a P/E ratio of 8.81, a price-to-earnings-growth ratio of 0.98 and a beta of 0.58.

TotalEnergies (NYSE:TTE - Get Free Report) last posted its earnings results on Wednesday, April 30th. The company reported $1.83 EPS for the quarter, missing analysts' consensus estimates of $1.88 by ($0.05). The firm had revenue of $47.90 billion for the quarter, compared to analyst estimates of $41.23 billion. TotalEnergies had a return on equity of 15.22% and a net margin of 7.34%. During the same quarter last year, the firm posted $2.14 EPS. Analysts anticipate that TotalEnergies SE will post 8.02 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently commented on TTE. Redburn Atlantic raised shares of TotalEnergies from a "hold" rating to a "strong-buy" rating in a research note on Thursday, January 23rd. Dbs Bank upgraded TotalEnergies from a "hold" rating to a "buy" rating in a research note on Wednesday. Citigroup upgraded shares of TotalEnergies from a "neutral" rating to a "buy" rating in a research note on Wednesday, March 26th. BNP Paribas upgraded shares of TotalEnergies from a "neutral" rating to an "outperform" rating in a research note on Tuesday, April 15th. Finally, Scotiabank dropped their price objective on shares of TotalEnergies from $65.00 to $60.00 and set a "sector perform" rating on the stock in a research report on Friday, April 11th. Five analysts have rated the stock with a hold rating, five have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $69.42.

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.