18,615 Shares in TotalEnergies SE (NYSE:TTE) Acquired by Integrated Advisors Network LLC

Integrated Advisors Network LLC bought a new stake in TotalEnergies SE (NYSE:TTE - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 18,615 shares of the company's stock, valued at approximately $1,204,000.

Several other institutional investors and hedge funds have also bought and sold shares of TTE. Financial Management Professionals Inc. increased its position in TotalEnergies by 65.8% during the 1st quarter. Financial Management Professionals Inc. now owns 484 shares of the company's stock valued at $31,000 after buying an additional 192 shares in the last quarter. Asset Planning Inc acquired a new position in shares of TotalEnergies during the fourth quarter valued at about $31,000. Bernard Wealth Management Corp. purchased a new position in shares of TotalEnergies in the 4th quarter valued at approximately $32,000. Stonebridge Financial Group LLC acquired a new stake in TotalEnergies in the 4th quarter worth approximately $49,000. Finally, General Partner Inc. purchased a new stake in TotalEnergies during the 1st quarter worth approximately $65,000. 16.53% of the stock is owned by hedge funds and other institutional investors.

TotalEnergies Price Performance

Shares of TotalEnergies stock traded up $0.41 during trading on Friday, reaching $63.48. The company's stock had a trading volume of 4,207,867 shares, compared to its average volume of 1,649,274. The business has a 50 day moving average price of $58.40 and a 200-day moving average price of $58.80. TotalEnergies SE has a 12-month low of $52.78 and a 12-month high of $71.03. The company has a market capitalization of $152.20 billion, a P/E ratio of 9.53, a price-to-earnings-growth ratio of 0.98 and a beta of 0.56. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.36.

TotalEnergies (NYSE:TTE - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $47.90 billion during 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 earned $2.14 earnings per share. As a group, sell-side analysts anticipate that TotalEnergies SE will post 8.02 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Morgan Stanley raised shares of TotalEnergies from an "equal weight" rating to an "overweight" rating and set a $60.80 price objective on the stock in a report on Monday, May 12th. Scotiabank cut their price objective 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 restated a "buy" rating on shares of TotalEnergies in a research note on Tuesday, May 13th. Citigroup upgraded TotalEnergies from a "neutral" rating to a "buy" rating in a research report on Wednesday, March 26th. Finally, Piper Sandler boosted their target price on shares of TotalEnergies from $62.00 to $65.00 and gave the company a "neutral" rating in a research report on Tuesday, May 13th. Four investment analysts have rated the stock with a hold rating, seven have issued a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, TotalEnergies presently has a consensus rating of "Moderate Buy" and an average 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.