Parr Mcknight Wealth Management Group LLC Invests $1.09 Million in TotalEnergies SE (NYSE:TTE)

Parr Mcknight Wealth Management Group LLC purchased a new position in TotalEnergies SE (NYSE:TTE - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 20,066 shares of the company's stock, valued at approximately $1,094,000.

Several other hedge funds have also recently modified their holdings of the business. Asset Planning Inc bought a new position in shares of TotalEnergies during the 4th quarter worth approximately $31,000. Bernard Wealth Management Corp. acquired a new position in TotalEnergies during the 4th quarter valued at approximately $32,000. HHM Wealth Advisors LLC increased its stake in TotalEnergies by 156.3% during the 4th quarter. HHM Wealth Advisors LLC now owns 656 shares of the company's stock valued at $36,000 after purchasing an additional 400 shares in the last quarter. Stonebridge Financial Group LLC acquired a new position in TotalEnergies during the 4th quarter valued at approximately $49,000. Finally, SRS Capital Advisors Inc. increased its stake in 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 purchasing an additional 617 shares in the last quarter. Hedge funds and other institutional investors own 16.53% of the company's stock.

TotalEnergies Price Performance

NYSE:TTE traded up $0.58 during trading hours on Tuesday, reaching $58.47. 1,500,072 shares of the company were exchanged, compared to its average volume of 1,625,923. 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 stock's 50-day moving average is $59.20 and its 200-day moving average is $58.81. The firm has a market cap of $140.19 billion, a PE ratio of 8.78, a price-to-earnings-growth ratio of 0.98 and a beta of 0.58. TotalEnergies SE has a twelve month low of $52.78 and a twelve month high of $73.12.

TotalEnergies (NYSE:TTE - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $1.83 earnings per share for the quarter, missing analysts' consensus estimates of $1.88 by ($0.05). The company had revenue of $47.90 billion for the quarter, compared to analyst estimates 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 prior year, the company posted $2.14 earnings per share. On average, sell-side analysts anticipate that TotalEnergies SE will post 8.02 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on TTE shares. Dbs Bank upgraded shares of TotalEnergies from a "hold" rating to a "buy" rating in a research note on Wednesday, May 7th. Scotiabank dropped their price objective on shares of TotalEnergies from $65.00 to $60.00 and set a "sector perform" rating on the stock in a report on Friday, April 11th. 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. BNP Paribas raised shares of TotalEnergies from a "neutral" rating to an "outperform" rating in a report on Tuesday, April 15th. Finally, Piper Sandler upped their price objective on shares of TotalEnergies from $62.00 to $65.00 and gave the company a "neutral" rating in a report on Tuesday, May 13th. Four analysts have rated the stock with a hold rating, seven have given a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, TotalEnergies has a consensus rating of "Moderate Buy" and an average target price 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.