GAMMA Investing LLC Buys 220,548 Shares of TotalEnergies SE (NYSE:TTE)

GAMMA Investing LLC increased its stake in shares of TotalEnergies SE (NYSE:TTE - Free Report) by 7,461.0% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 223,504 shares of the company's stock after acquiring an additional 220,548 shares during the quarter. GAMMA Investing LLC's holdings in TotalEnergies were worth $14,458,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Bank of America Corp DE raised its stake in TotalEnergies by 121.1% during 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 in the last quarter. Franklin Resources Inc. raised its stake in TotalEnergies by 41.7% during the fourth quarter. Franklin Resources Inc. now owns 5,685,348 shares of the company's stock valued at $309,851,000 after purchasing an additional 1,672,387 shares in the last quarter. Royal Bank of Canada raised its stake in TotalEnergies by 10.0% during the fourth quarter. Royal Bank of Canada now owns 2,917,438 shares of the company's stock valued at $159,000,000 after purchasing an additional 265,251 shares in the last quarter. Federated Hermes Inc. raised its stake in TotalEnergies by 19.5% during the fourth quarter. Federated Hermes Inc. now owns 2,886,405 shares of the company's stock valued at $157,309,000 after purchasing an additional 471,291 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in TotalEnergies during the fourth quarter valued at $156,044,000. Hedge funds and other institutional investors own 16.53% of the company's stock.

TotalEnergies Trading Up 0.1%

Shares of TTE opened at $59.32 on Friday. The company's fifty day simple moving average is $58.29 and its 200-day simple moving average is $58.75. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.36. The company has a market cap of $142.23 billion, a P/E ratio of 8.91, a P/E/G ratio of 0.98 and a beta of 0.56. TotalEnergies SE has a twelve month low of $52.78 and a twelve month high of $71.03.

TotalEnergies (NYSE:TTE - Get Free Report) last posted its quarterly 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 company had revenue of $47.90 billion during the quarter, compared to the consensus estimate of $41.23 billion. TotalEnergies had a return on equity of 15.22% and a net margin of 7.34%. During the same quarter in the previous year, the company posted $2.14 earnings per share. As a group, analysts expect that TotalEnergies SE will post 8.02 EPS for the current year.

Analyst Upgrades and Downgrades

TTE has been the topic of a number of recent research reports. Morgan Stanley raised shares of TotalEnergies from an "equal weight" rating to an "overweight" rating and set a $60.80 price target on the stock in a research note on Monday, May 12th. Citigroup raised shares of TotalEnergies from a "neutral" rating to a "buy" rating in a research note on Wednesday, March 26th. Scotiabank reduced their target price on shares of TotalEnergies from $65.00 to $60.00 and set a "sector perform" rating on the stock in a research note on Friday, April 11th. BNP Paribas raised shares of TotalEnergies from a "neutral" rating to an "outperform" rating in a research note on Tuesday, April 15th. Finally, Dbs Bank raised shares of TotalEnergies from a "hold" rating to a "buy" rating in a research note on Wednesday, May 7th. Four analysts have rated the stock with a hold rating, seven have issued a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $69.36.

TotalEnergies 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.