Arkfeld Wealth Strategies L.L.C. Makes New Investment in TotalEnergies SE (NYSE:TTE)

Arkfeld Wealth Strategies L.L.C. acquired a new position in TotalEnergies SE (NYSE:TTE - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 4,712 shares of the company's stock, valued at approximately $305,000.

A number of other hedge funds also recently bought and sold shares of TTE. Franklin Resources Inc. raised its position in TotalEnergies by 41.7% in the fourth quarter. Franklin Resources Inc. now owns 5,685,348 shares of the company's stock worth $309,851,000 after acquiring an additional 1,672,387 shares during the period. Bank of Montreal Can increased its stake in shares of TotalEnergies by 13.9% in the 4th quarter. Bank of Montreal Can now owns 484,854 shares of the company's stock worth $26,425,000 after purchasing an additional 59,256 shares in the last quarter. CIBC Asset Management Inc increased its stake in shares of TotalEnergies by 15.7% in the 4th quarter. CIBC Asset Management Inc now owns 59,100 shares of the company's stock worth $3,221,000 after purchasing an additional 8,000 shares in the last quarter. Royal Bank of Canada raised its holdings in TotalEnergies by 10.0% in the 4th quarter. Royal Bank of Canada now owns 2,917,438 shares of the company's stock worth $159,000,000 after purchasing an additional 265,251 shares during the period. Finally, Equity Investment Corp lifted its position in TotalEnergies by 10.5% during the fourth quarter. Equity Investment Corp now owns 2,058,589 shares of the company's stock valued at $112,193,000 after purchasing an additional 196,277 shares in the last quarter. Hedge funds and other institutional investors own 16.53% of the company's stock.

TotalEnergies Price Performance

Shares of TotalEnergies stock traded up $0.08 on Friday, hitting $59.32. 2,610,047 shares of the company traded hands, compared to its average volume of 1,641,275. TotalEnergies SE has a 52 week low of $52.78 and a 52 week high of $71.03. The business has a 50-day simple moving average of $58.39 and a 200 day simple moving average of $58.76. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.88 and a current ratio of 1.10. The stock has a market capitalization of $142.23 billion, a P/E ratio of 8.91, a price-to-earnings-growth ratio of 0.98 and a beta of 0.56.

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 the consensus estimate of $1.88 by ($0.05). The company had revenue of $47.90 billion for the quarter, compared to analysts' expectations of $41.23 billion. TotalEnergies had a net margin of 7.34% and a return on equity of 15.22%. During the same period in the previous year, the business posted $2.14 earnings per share. Research analysts expect that TotalEnergies SE will post 8.02 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

TTE has been the subject of a number of analyst reports. HSBC restated a "buy" rating on shares of TotalEnergies in a research report on Tuesday, May 13th. Piper Sandler increased their target price on shares of TotalEnergies from $62.00 to $65.00 and gave the stock a "neutral" rating in a report on Tuesday, May 13th. Scotiabank lowered their price target on shares of TotalEnergies from $65.00 to $60.00 and set a "sector perform" rating on the stock in a report on Friday, April 11th. Dbs Bank upgraded shares of TotalEnergies from a "hold" rating to a "buy" rating in a research report on Wednesday, May 7th. Finally, Morgan Stanley upgraded shares of TotalEnergies from an "equal weight" rating to an "overweight" rating and set a $60.80 price objective on the stock in a research report on Monday, May 12th. Four research analysts have rated the stock with a hold rating, seven have given a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, TotalEnergies presently has a consensus rating of "Moderate Buy" and a consensus price target 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.