TotalEnergies SE (NYSE:TTE) Stake Raised by Gilman Hill Asset Management LLC

Gilman Hill Asset Management LLC raised its position in TotalEnergies SE (NYSE:TTE - Free Report) by 20.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 80,136 shares of the company's stock after purchasing an additional 13,455 shares during the quarter. Gilman Hill Asset Management LLC's holdings in TotalEnergies were worth $5,184,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Asset Planning Inc acquired a new stake in TotalEnergies in the fourth quarter valued at approximately $31,000. Financial Management Professionals Inc. boosted its stake in shares of TotalEnergies by 65.8% in the first quarter. Financial Management Professionals Inc. now owns 484 shares of the company's stock valued at $31,000 after purchasing an additional 192 shares during the period. Bernard Wealth Management Corp. purchased a new stake in TotalEnergies during the 4th quarter worth $32,000. Stonebridge Financial Group LLC acquired a new position in TotalEnergies in the 4th quarter worth $49,000. Finally, SRS Capital Advisors Inc. boosted its position in TotalEnergies by 108.4% in the 4th quarter. SRS Capital Advisors Inc. now owns 1,186 shares of the company's stock valued at $65,000 after buying an additional 617 shares during the last quarter. 16.53% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently issued reports on TTE. Scotiabank dropped their target price on TotalEnergies from $65.00 to $60.00 and set a "sector perform" rating on the stock in a research report on Friday, April 11th. Dbs Bank upgraded TotalEnergies from a "hold" rating to a "buy" rating in a report on Wednesday, May 7th. BNP Paribas raised shares of TotalEnergies from a "neutral" rating to an "outperform" rating in a research report on Tuesday, April 15th. 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 report on Monday, May 12th. Finally, HSBC reissued a "buy" rating on shares of TotalEnergies in a report on Tuesday, May 13th. 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's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $69.36.

TotalEnergies Stock Performance

Shares of TotalEnergies stock traded up $0.08 on Friday, reaching $59.32. 2,610,047 shares of the company were exchanged, compared to its average volume of 1,639,134. The firm has a market cap of $142.23 billion, a price-to-earnings ratio of 8.91, a P/E/G ratio of 0.98 and a beta of 0.56. TotalEnergies SE has a 1-year low of $52.78 and a 1-year high of $71.03. 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 company's 50-day moving average is $58.39 and its two-hundred day moving average is $58.76.

TotalEnergies (NYSE:TTE - Get Free Report) last posted its earnings results on Wednesday, April 30th. The company reported $1.83 earnings per share (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 net margin of 7.34% and a return on equity of 15.22%. During the same quarter in the previous year, the business posted $2.14 earnings per share. As a group, research analysts expect that TotalEnergies SE will post 8.02 earnings per share for the current fiscal year.

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.