Tidal Investments LLC Has $11.20 Million Holdings in TotalEnergies SE (NYSE:TTE)

Tidal Investments LLC raised its stake in shares of TotalEnergies SE (NYSE:TTE - Free Report) by 227.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 205,561 shares of the company's stock after buying an additional 142,869 shares during the period. Tidal Investments LLC's holdings in TotalEnergies were worth $11,203,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Strategic Global Advisors LLC bought a new stake in TotalEnergies during the fourth quarter worth approximately $268,000. Snowden Capital Advisors LLC raised its stake in shares of TotalEnergies by 0.8% in the 4th quarter. Snowden Capital Advisors LLC now owns 25,441 shares of the company's stock worth $1,407,000 after buying an additional 205 shares in the last quarter. Silvercrest Asset Management Group LLC boosted its stake in TotalEnergies by 23.4% during the fourth quarter. Silvercrest Asset Management Group LLC now owns 142,025 shares of the company's stock valued at $7,740,000 after buying an additional 26,968 shares in the last quarter. SIR Capital Management L.P. grew its holdings in TotalEnergies by 82.9% during the fourth quarter. SIR Capital Management L.P. now owns 108,300 shares of the company's stock worth $5,902,000 after acquiring an additional 49,100 shares during the period. Finally, Royal Bank of Canada lifted its holdings in TotalEnergies by 10.0% in the 4th quarter. Royal Bank of Canada now owns 2,917,438 shares of the company's stock valued at $159,000,000 after acquiring an additional 265,251 shares during the last quarter. 16.53% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on TTE shares. Scotiabank dropped their target price 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. Piper Sandler raised their target price on shares of TotalEnergies from $62.00 to $65.00 and gave the stock a "neutral" rating in a report on Tuesday, May 13th. HSBC reaffirmed a "buy" rating on shares of TotalEnergies 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. Finally, Citigroup upgraded shares of TotalEnergies from a "neutral" rating to a "buy" rating in a research report on Wednesday, March 26th. Four equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, TotalEnergies currently has an average rating of "Moderate Buy" and a consensus target price of $69.36.

TotalEnergies Stock Performance

TotalEnergies stock traded down $0.71 during trading hours on Thursday, reaching $58.12. 2,199,405 shares of the company were exchanged, compared to its average volume of 1,620,437. TotalEnergies SE has a 12 month low of $52.78 and a 12 month high of $73.12. 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 has a 50-day moving average of $59.53 and a 200 day moving average of $58.95. The firm has a market cap of $139.35 billion, a price-to-earnings ratio of 8.73, a PEG ratio of 0.98 and a beta of 0.58.

TotalEnergies (NYSE:TTE - Get Free Report) last released its 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). The firm 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 period in the prior year, the firm earned $2.14 EPS. As a group, research analysts anticipate 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.