Versant Capital Management Inc Purchases 9,094 Shares of TotalEnergies SE (NYSE:TTE)

Versant Capital Management Inc increased its holdings in TotalEnergies SE (NYSE:TTE - Free Report) by 1,105.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,917 shares of the company's stock after acquiring an additional 9,094 shares during the quarter. Versant Capital Management Inc's holdings in TotalEnergies were worth $642,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Marcum Wealth LLC grew its stake in shares of TotalEnergies by 32.7% in the first quarter. Marcum Wealth LLC now owns 5,734 shares of the company's stock worth $371,000 after acquiring an additional 1,413 shares during the period. Confluence Investment Management LLC grew its stake in shares of TotalEnergies by 11.3% in the first quarter. Confluence Investment Management LLC now owns 12,679 shares of the company's stock worth $820,000 after acquiring an additional 1,291 shares during the period. Wealth Enhancement Advisory Services LLC grew its stake in shares of TotalEnergies by 1.6% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 53,410 shares of the company's stock worth $2,911,000 after acquiring an additional 832 shares during the period. Anchor Pointe Wealth Management LLC bought a new stake in TotalEnergies during the fourth quarter valued at approximately $200,000. Finally, Brucke Financial Inc. bought a new stake in TotalEnergies during the fourth quarter valued at approximately $253,000. 16.53% of the stock is currently owned by institutional investors.

TotalEnergies Trading Up 2.8%

Shares of TTE traded up $1.64 during midday trading on Monday, hitting $60.32. The stock had a trading volume of 1,210,189 shares, compared to its average volume of 1,710,255. The stock's 50 day moving average is $58.80 and its 200 day moving average is $58.76. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.10 and a quick ratio of 0.88. The firm has a market cap of $144.63 billion, a PE ratio of 9.06, a price-to-earnings-growth ratio of 0.98 and a beta of 0.58. TotalEnergies SE has a 1 year low of $52.78 and a 1 year high of $72.46.

TotalEnergies (NYSE:TTE - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $1.83 EPS for the quarter, missing the consensus estimate 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 business earned $2.14 EPS. As a group, analysts forecast that TotalEnergies SE will post 8.02 EPS for the current fiscal year.

Wall Street Analyst Weigh In

TTE has been the topic of several research analyst reports. Morgan Stanley raised shares of TotalEnergies from an "equal weight" rating to an "overweight" rating and set a $60.80 target price on the stock in a report on Monday, May 12th. HSBC reaffirmed a "buy" rating on shares of TotalEnergies in a research note on Tuesday, May 13th. Piper Sandler upped their price target 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. Citigroup raised shares of TotalEnergies from a "neutral" rating to a "buy" rating in a research note on Wednesday, March 26th. Finally, Dbs Bank raised shares of TotalEnergies from a "hold" rating to a "buy" rating in a research note on Wednesday, May 7th. Four research analysts have rated the stock with a hold rating, seven have given a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, TotalEnergies presently has a consensus rating of "Moderate Buy" and an average target price of $69.36.

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.