GTS Securities LLC Increases Stake in TotalEnergies SE (NYSE:TTE)

GTS Securities LLC lifted its stake in shares of TotalEnergies SE (NYSE:TTE - Free Report) by 186.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,862 shares of the company's stock after buying an additional 6,418 shares during the period. GTS Securities LLC's holdings in TotalEnergies were worth $537,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Asset Planning Inc bought a new position in TotalEnergies in the 4th quarter valued at $31,000. Bernard Wealth Management Corp. bought a new stake in TotalEnergies in the fourth quarter worth about $32,000. HHM Wealth Advisors LLC boosted its stake in 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 acquiring an additional 400 shares during the last quarter. Stonebridge Financial Group LLC bought a new position in shares of TotalEnergies during the 4th quarter valued at approximately $49,000. Finally, SRS Capital Advisors Inc. raised its holdings in shares of TotalEnergies by 108.4% in the 4th quarter. SRS Capital Advisors Inc. now owns 1,186 shares of the company's stock worth $65,000 after purchasing an additional 617 shares during the period. Institutional investors own 16.53% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Morgan Stanley raised TotalEnergies from an "equal weight" rating to an "overweight" rating and set a $60.80 price target for the company in a research note on Monday, May 12th. HSBC reaffirmed a "buy" rating on shares of TotalEnergies in a research note on Tuesday, May 13th. Dbs Bank raised shares of TotalEnergies from a "hold" rating to a "buy" rating in a research note on Wednesday, May 7th. BNP Paribas upgraded TotalEnergies from a "neutral" rating to an "outperform" rating in a research report on Tuesday, April 15th. Finally, Piper Sandler upped their price objective on shares of TotalEnergies from $62.00 to $65.00 and gave the company a "neutral" rating in a research note on Tuesday, May 13th. Four investment 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 MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $69.36.

TotalEnergies Stock Up 0.4%

TTE traded up $0.24 during midday trading on Thursday, reaching $58.53. The company's stock had a trading volume of 1,720,832 shares, compared to its average volume of 1,628,001. 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 firm has a market capitalization of $140.32 billion, a price-to-earnings ratio of 8.79, a PEG ratio of 0.98 and a beta of 0.58. The stock's 50-day moving average is $58.98 and its 200-day moving average is $58.81. TotalEnergies SE has a 1 year low of $52.78 and a 1 year high of $73.12.

TotalEnergies (NYSE:TTE - Get Free Report) last released its earnings results on Wednesday, April 30th. The company reported $1.83 EPS for the quarter, missing analysts' consensus estimates of $1.88 by ($0.05). The company had revenue of $47.90 billion during the quarter, compared to analysts' expectations 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 company posted $2.14 earnings per share. As a group, research analysts expect that TotalEnergies SE will post 8.02 EPS for the current year.

TotalEnergies Company 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.