Silvercrest Asset Management Group LLC Boosts Stake in TotalEnergies SE (NYSE:TTE)

Silvercrest Asset Management Group LLC increased its holdings in TotalEnergies SE (NYSE:TTE - Free Report) by 23.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 142,025 shares of the company's stock after acquiring an additional 26,968 shares during the quarter. Silvercrest Asset Management Group LLC's holdings in TotalEnergies were worth $7,740,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in TTE. Barclays PLC boosted its position in TotalEnergies by 266.5% during the 3rd quarter. Barclays PLC now owns 674,154 shares of the company's stock valued at $43,564,000 after acquiring an additional 490,187 shares in the last quarter. Park Avenue Securities LLC lifted its stake in shares of TotalEnergies by 22.5% in the 4th quarter. Park Avenue Securities LLC now owns 33,230 shares of the company's stock valued at $1,811,000 after purchasing an additional 6,114 shares during the period. Merit Financial Group LLC purchased a new position in shares of TotalEnergies in the 4th quarter valued at approximately $412,000. Brooklyn Investment Group bought a new stake in shares of TotalEnergies during the fourth quarter valued at approximately $138,000. Finally, Arkadios Wealth Advisors grew its stake in TotalEnergies by 16.3% in the fourth quarter. Arkadios Wealth Advisors now owns 9,828 shares of the company's stock worth $536,000 after purchasing an additional 1,376 shares during the period. Institutional investors own 16.53% of the company's stock.

Analyst Upgrades and Downgrades

TTE has been the subject of a number of research reports. Redburn Atlantic upgraded TotalEnergies from a "hold" rating to a "strong-buy" rating in a report on Thursday, January 23rd. Dbs Bank upgraded shares of TotalEnergies from a "hold" rating to a "buy" rating in a research note on Wednesday, May 7th. BNP Paribas raised shares of TotalEnergies from a "neutral" rating to an "outperform" rating in a research report on Tuesday, April 15th. HSBC reissued a "buy" rating on shares of TotalEnergies in a research note on Tuesday, May 13th. Finally, Citigroup raised shares of TotalEnergies from a "neutral" rating to a "buy" rating in a research note on Wednesday, March 26th. Four equities 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 data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $69.36.

TotalEnergies Stock Down 1.2%

TotalEnergies stock traded down $0.71 during mid-day trading on Thursday, reaching $58.12. The stock had a trading volume of 2,199,405 shares, compared to its average volume of 1,620,436. TotalEnergies SE has a one year low of $52.78 and a one year high of $73.12. The company has a 50-day moving average price of $59.53 and a two-hundred day moving average price of $58.95. The company has a market capitalization of $139.35 billion, a price-to-earnings ratio of 8.73, a PEG ratio of 0.98 and a beta of 0.58. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.10 and a quick ratio of 0.88.

TotalEnergies (NYSE:TTE - Get Free Report) last issued its earnings results 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 firm had revenue of $47.90 billion during the quarter, compared to the consensus estimate of $41.23 billion. During the same quarter in the prior year, the company posted $2.14 EPS. On average, analysts expect that TotalEnergies SE will post 8.02 EPS for the current fiscal year.

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.