4,362 Shares in TotalEnergies SE (NYSE:TTE) Acquired by Sivia Capital Partners LLC

Sivia Capital Partners LLC acquired a new stake in TotalEnergies SE (NYSE:TTE - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 4,362 shares of the company's stock, valued at approximately $282,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TTE. Financial Management Professionals Inc. grew its stake in TotalEnergies by 65.8% in the first quarter. Financial Management Professionals Inc. now owns 484 shares of the company's stock worth $31,000 after purchasing an additional 192 shares during the period. Asset Planning Inc purchased a new stake in TotalEnergies in the fourth quarter worth $31,000. Bernard Wealth Management Corp. purchased a new stake in TotalEnergies in the fourth quarter worth $32,000. Stonebridge Financial Group LLC purchased a new stake in TotalEnergies in the fourth quarter worth $49,000. Finally, General Partner Inc. purchased a new stake in TotalEnergies in the first quarter worth $65,000. Institutional investors own 16.53% of the company's stock.

TotalEnergies Trading Up 0.1%

Shares of NYSE:TTE opened at $59.32 on Monday. The company has a market cap of $142.23 billion, a P/E ratio of 8.91, a PEG ratio of 0.98 and a beta of 0.56. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.10 and a quick ratio of 0.88. TotalEnergies SE has a 1 year low of $52.78 and a 1 year high of $71.03. The stock's fifty day moving average price is $58.29 and its 200-day moving average price is $58.73.

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

Analysts Set New Price Targets

Several brokerages recently weighed in on TTE. Scotiabank reduced their price target on TotalEnergies from $65.00 to $60.00 and set a "sector perform" rating on the stock in a research note on Friday, April 11th. Morgan Stanley raised TotalEnergies from an "equal weight" rating to an "overweight" rating and set a $60.80 target price on the stock in a report on Monday, May 12th. Piper Sandler boosted their target price on TotalEnergies from $62.00 to $65.00 and gave the stock a "neutral" rating in a report on Tuesday, May 13th. HSBC reissued a "buy" rating on shares of TotalEnergies in a report on Tuesday, May 13th. Finally, Dbs Bank raised TotalEnergies from a "hold" rating to a "buy" rating in a report on Wednesday, May 7th. Four analysts have rated the stock with a hold rating, seven have assigned 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 an average target price of $69.36.

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.

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