Persium Advisors LLC Buys New Holdings in TotalEnergies SE (NYSE:TTE)

Persium Advisors LLC acquired a new stake in TotalEnergies SE (NYSE:TTE - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 8,905 shares of the company's stock, valued at approximately $576,000.

Other hedge funds also recently added to or reduced their stakes in the company. Franklin Resources Inc. raised its position in TotalEnergies by 41.7% in 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 during the period. Bank of Montreal Can raised its position in TotalEnergies by 13.9% in the fourth quarter. Bank of Montreal Can now owns 484,854 shares of the company's stock valued at $26,425,000 after purchasing an additional 59,256 shares during the period. CIBC Asset Management Inc raised its position in TotalEnergies by 15.7% in the fourth quarter. CIBC Asset Management Inc now owns 59,100 shares of the company's stock valued at $3,221,000 after purchasing an additional 8,000 shares during the period. Royal Bank of Canada raised its position in TotalEnergies by 10.0% in 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 during the period. Finally, Equity Investment Corp raised its position in TotalEnergies by 10.5% in the fourth quarter. Equity Investment Corp now owns 2,058,589 shares of the company's stock valued at $112,193,000 after purchasing an additional 196,277 shares during the period. 16.53% of the stock is owned by hedge funds and other institutional investors.

TotalEnergies Price Performance

Shares of NYSE:TTE opened at $59.32 on Friday. The company's fifty day moving average is $58.29 and its two-hundred day moving average is $58.75. 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 SE has a 12-month low of $52.78 and a 12-month high of $71.03. The company has a market cap of $142.23 billion, a P/E ratio of 8.91, a price-to-earnings-growth ratio of 0.98 and a beta of 0.56.

TotalEnergies (NYSE:TTE - Get Free Report) last posted its quarterly earnings results 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). TotalEnergies had a return on equity of 15.22% and a net margin of 7.34%. The company had revenue of $47.90 billion during the quarter, compared to analyst estimates of $41.23 billion. During the same period last year, the company posted $2.14 earnings per share. Equities analysts expect that TotalEnergies SE will post 8.02 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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. HSBC reaffirmed a "buy" rating on shares of TotalEnergies in a research report on Tuesday, May 13th. Dbs Bank raised TotalEnergies from a "hold" rating to a "buy" rating in a research report on Wednesday, May 7th. Citigroup raised TotalEnergies from a "neutral" rating to a "buy" rating in a research report on Wednesday, March 26th. Finally, Morgan Stanley raised TotalEnergies from an "equal weight" rating to an "overweight" rating and set a $60.80 target price on the stock in a research report on Monday, May 12th. Four equities research analysts have rated the stock with a hold rating, seven have given a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus 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.

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.