Moody National Bank Trust Division Increases Holdings in TotalEnergies SE (NYSE:TTE)

Moody National Bank Trust Division grew its holdings in TotalEnergies SE (NYSE:TTE - Free Report) by 116.8% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,077 shares of the company's stock after buying an additional 5,430 shares during the quarter. Moody National Bank Trust Division's holdings in TotalEnergies were worth $652,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Asset Planning Inc bought a new position in TotalEnergies during the 4th quarter worth approximately $31,000. Bernard Wealth Management Corp. bought a new position in shares of TotalEnergies in the fourth quarter valued at about $32,000. HHM Wealth Advisors LLC raised its position in shares of TotalEnergies by 156.3% in the fourth quarter. HHM Wealth Advisors LLC now owns 656 shares of the company's stock valued at $36,000 after purchasing an additional 400 shares during the period. Stonebridge Financial Group LLC bought a new position in TotalEnergies during the fourth quarter worth about $49,000. Finally, SRS Capital Advisors Inc. increased its position in TotalEnergies by 108.4% during the fourth quarter. SRS Capital Advisors Inc. now owns 1,186 shares of the company's stock worth $65,000 after acquiring an additional 617 shares during the period. Institutional investors and hedge funds own 16.53% of the company's stock.

Analysts Set New Price Targets

TTE has been the topic of a number of analyst reports. Scotiabank reduced their price objective on shares of TotalEnergies from $65.00 to $60.00 and set a "sector perform" rating on the stock in a research note on Friday, April 11th. HSBC restated a "buy" rating on shares of TotalEnergies in a report on Tuesday, May 13th. Citigroup upgraded shares of TotalEnergies from a "neutral" rating to a "buy" rating in a report on Wednesday, March 26th. Morgan Stanley upgraded shares of TotalEnergies from an "equal weight" rating to an "overweight" rating and set a $60.80 price objective for the company in a research note on Monday, May 12th. Finally, BNP Paribas upgraded shares of TotalEnergies from a "neutral" rating to an "outperform" rating in a research note on Tuesday, April 15th. Four 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. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $69.36.

TotalEnergies Stock Performance

Shares of TotalEnergies stock traded up $0.13 during trading hours on Thursday, reaching $59.18. 2,036,607 shares of the stock traded hands, compared to its average volume of 1,635,260. TotalEnergies SE has a one year low of $52.78 and a one year high of $71.03. The company has a 50 day moving average price of $58.39 and a 200 day moving average price of $58.76. The firm has a market capitalization of $141.89 billion, a price-to-earnings ratio of 8.89, a P/E/G ratio of 0.98 and a beta of 0.56. 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 (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 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 business had revenue of $47.90 billion during the quarter, compared to the consensus estimate of $41.23 billion. During the same quarter in the previous year, the company earned $2.14 earnings per share. On average, equities research analysts expect 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.