SG Americas Securities LLC Acquires New Shares in TotalEnergies SE (NYSE:TTE)

SG Americas Securities LLC bought a new stake in shares of TotalEnergies SE (NYSE:TTE - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 85,884 shares of the company's stock, valued at approximately $5,556,000.

Other hedge funds have also recently modified their holdings of the company. Simplicity Wealth LLC purchased a new position in TotalEnergies during the 1st quarter valued at $200,000. GAMMA Investing LLC lifted its position in shares of TotalEnergies by 16.9% during the first quarter. GAMMA Investing LLC now owns 3,455 shares of the company's stock worth $224,000 after purchasing an additional 499 shares during the last quarter. Signet Financial Management LLC lifted its position in shares of TotalEnergies by 3.7% during the first quarter. Signet Financial Management LLC now owns 42,500 shares of the company's stock worth $2,749,000 after purchasing an additional 1,529 shares during the last quarter. Fourpath Capital Management LLC boosted its stake in shares of TotalEnergies by 8.0% during the first quarter. Fourpath Capital Management LLC now owns 20,180 shares of the company's stock valued at $1,305,000 after purchasing an additional 1,487 shares during the period. Finally, Bruce G. Allen Investments LLC boosted its stake in shares of TotalEnergies by 28.0% during the first quarter. Bruce G. Allen Investments LLC now owns 3,672 shares of the company's stock valued at $238,000 after purchasing an additional 804 shares during the period. Institutional investors own 16.53% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Citigroup raised shares of TotalEnergies from a "neutral" rating to a "buy" rating in a research note on Wednesday, March 26th. Piper Sandler upped their target price on shares of TotalEnergies from $62.00 to $65.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 13th. BNP Paribas raised shares of TotalEnergies from a "neutral" rating to an "outperform" rating in a research report on Tuesday, April 15th. Morgan Stanley upgraded TotalEnergies from an "equal weight" rating to an "overweight" rating and set a $60.80 price target for the company in a report on Monday, May 12th. Finally, Scotiabank dropped their price objective on TotalEnergies from $65.00 to $60.00 and set a "sector perform" rating on the stock in a research note on Friday, April 11th. Four investment analysts have rated the stock with a hold rating, seven have issued a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $69.36.

TotalEnergies Stock Up 0.7%

NYSE:TTE traded up $0.41 during midday trading on Friday, reaching $63.48. The company had a trading volume of 4,207,867 shares, compared to its average volume of 1,651,302. The stock's fifty day simple moving average is $58.40 and its 200-day simple moving average is $58.80. The company has a current ratio of 1.10, a quick ratio of 0.88 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 firm has a market capitalization of $152.20 billion, a price-to-earnings ratio of 9.53, a PEG ratio of 0.98 and a beta of 0.56.

TotalEnergies (NYSE:TTE - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The company reported $1.83 EPS for the quarter, missing analysts' consensus estimates of $1.88 by ($0.05). The business 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 quarter in the previous year, the company posted $2.14 EPS. On average, sell-side analysts anticipate 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.