Pacific Point Advisors LLC Invests $324,000 in TotalEnergies SE (NYSE:TTE)

Pacific Point Advisors LLC acquired a new position in shares of TotalEnergies SE (NYSE:TTE - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 5,470 shares of the company's stock, valued at approximately $324,000.

Several other large investors also recently added to or reduced their stakes in TTE. Asset Planning Inc purchased a new stake in shares of TotalEnergies in the fourth quarter valued at about $31,000. Bernard Wealth Management Corp. acquired a new stake in shares of TotalEnergies during the 4th quarter worth about $32,000. HHM Wealth Advisors LLC raised its holdings in TotalEnergies by 156.3% in the 4th quarter. HHM Wealth Advisors LLC now owns 656 shares of the company's stock valued at $36,000 after buying an additional 400 shares during the period. Stonebridge Financial Group LLC acquired a new position in TotalEnergies in the fourth quarter valued at about $49,000. Finally, SRS Capital Advisors Inc. increased its position in shares of TotalEnergies by 108.4% during the fourth 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 during the last quarter. 16.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. BNP Paribas raised shares of TotalEnergies from a "neutral" rating to an "outperform" rating in a research report on Tuesday, April 15th. Scotiabank dropped their price objective on TotalEnergies from $65.00 to $60.00 and set a "sector perform" rating for the company in a research note on Friday, April 11th. Dbs Bank upgraded TotalEnergies from a "hold" rating to a "buy" rating in a report on Wednesday, May 7th. Piper Sandler raised their target price on TotalEnergies from $62.00 to $65.00 and gave the company a "neutral" rating in a report on Tuesday, May 13th. Finally, HSBC reaffirmed a "buy" rating on shares of TotalEnergies in a research report on Tuesday, May 13th. Four research analysts have rated the stock with a hold rating, seven have issued a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $69.36.

TotalEnergies Stock Performance

TTE stock traded up $0.07 during trading on Wednesday, hitting $58.56. The company had a trading volume of 432,500 shares, compared to its average volume of 1,621,265. The firm has a 50-day moving average price of $59.09 and a 200-day moving average price of $58.81. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.36. The firm has a market cap of $140.40 billion, a PE ratio of 8.79, a price-to-earnings-growth 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 $73.12.

TotalEnergies (NYSE:TTE - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The company reported $1.83 earnings per share (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 during the quarter, compared to analysts' expectations of $41.23 billion. During the same quarter in the previous year, the company posted $2.14 EPS. On average, analysts expect that TotalEnergies SE will post 8.02 earnings per share for the current 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.