Agate Pass Investment Management LLC Takes Position in TotalEnergies SE (NYSE:TTE)

Agate Pass Investment Management LLC acquired a new position in TotalEnergies SE (NYSE:TTE - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 6,070 shares of the company's stock, valued at approximately $393,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Asset Planning Inc acquired a new stake in TotalEnergies in the 4th quarter worth $31,000. Bernard Wealth Management Corp. acquired a new stake in TotalEnergies during the fourth quarter worth $32,000. HHM Wealth Advisors LLC boosted its stake in TotalEnergies by 156.3% during the fourth quarter. HHM Wealth Advisors LLC now owns 656 shares of the company's stock worth $36,000 after buying an additional 400 shares in the last quarter. Stonebridge Financial Group LLC acquired a new stake in shares of TotalEnergies during the 4th quarter valued at about $49,000. Finally, SRS Capital Advisors Inc. boosted its position in shares of TotalEnergies by 108.4% during the 4th quarter. SRS Capital Advisors Inc. now owns 1,186 shares of the company's stock valued at $65,000 after acquiring an additional 617 shares in the last quarter. Institutional investors and hedge funds own 16.53% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on TTE. Piper Sandler boosted their price target on TotalEnergies from $62.00 to $65.00 and gave the company a "neutral" rating in a research note on Tuesday, May 13th. Scotiabank reduced their target price on TotalEnergies from $65.00 to $60.00 and set a "sector perform" rating on the stock in a report on Friday, April 11th. HSBC reissued a "buy" rating on shares of TotalEnergies in a research note on Tuesday, May 13th. Dbs Bank upgraded shares of TotalEnergies from a "hold" rating to a "buy" rating in a research report on Wednesday, May 7th. Finally, BNP Paribas upgraded shares of TotalEnergies from a "neutral" rating to an "outperform" rating in a research report on Tuesday, April 15th. Four research 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 stock. According to MarketBeat.com, TotalEnergies has an average rating of "Moderate Buy" and an average price target of $69.36.

TotalEnergies Trading Up 2.8%

Shares of TTE stock traded up $1.64 during trading hours on Monday, reaching $60.32. The company had a trading volume of 1,210,189 shares, compared to its average volume of 1,710,255. The company has a 50 day moving average of $58.80 and a 200 day moving average of $58.76. 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 firm has a market cap of $144.63 billion, a price-to-earnings ratio of 9.06, a P/E/G ratio of 0.98 and a beta of 0.58. TotalEnergies SE has a 1-year low of $52.78 and a 1-year high of $72.46.

TotalEnergies (NYSE:TTE - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $1.83 EPS for the quarter, missing the consensus estimate of $1.88 by ($0.05). TotalEnergies had a return on equity of 15.22% and a net margin of 7.34%. The business had revenue of $47.90 billion for the quarter, compared to analyst estimates of $41.23 billion. During the same period in the previous year, the business posted $2.14 EPS. On average, equities research analysts anticipate that TotalEnergies SE will post 8.02 EPS for the current 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.