Main Street Research LLC Boosts Holdings in TotalEnergies SE (NYSE:TTE)

Main Street Research LLC boosted its stake in TotalEnergies SE (NYSE:TTE - Free Report) by 88.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 311,096 shares of the company's stock after purchasing an additional 146,094 shares during the period. Main Street Research LLC's holdings in TotalEnergies were worth $21,213,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of TTE. Arlington Trust Co LLC purchased a new position in shares of TotalEnergies during the third quarter valued at approximately $31,000. Motco raised its holdings in shares of TotalEnergies by 216.2% during the third quarter. Motco now owns 468 shares of the company's stock valued at $31,000 after acquiring an additional 320 shares in the last quarter. Fortis Capital Advisors LLC bought a new position in shares of TotalEnergies during the fourth quarter valued at approximately $32,000. Parkside Financial Bank & Trust raised its holdings in shares of TotalEnergies by 40.5% during the second quarter. Parkside Financial Bank & Trust now owns 579 shares of the company's stock valued at $33,000 after acquiring an additional 167 shares in the last quarter. Finally, SRS Capital Advisors Inc. bought a new position in shares of TotalEnergies during the third quarter valued at approximately $36,000. 13.22% of the stock is owned by hedge funds and other institutional investors.

TotalEnergies Stock Down 0.6 %

TTE stock traded down $0.43 during midday trading on Tuesday, hitting $71.74. The stock had a trading volume of 1,326,422 shares, compared to its average volume of 1,725,539. The firm has a market cap of $168.71 billion, a price-to-earnings ratio of 8.29, a price-to-earnings-growth ratio of 1.76 and a beta of 0.72. The business has a 50-day moving average of $67.27 and a two-hundred day moving average of $66.67. TotalEnergies SE has a 52-week low of $54.94 and a 52-week high of $74.06. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.12 and a quick ratio of 0.90.

TotalEnergies (NYSE:TTE - Get Free Report) last released its quarterly earnings data on Wednesday, February 7th. The company reported $2.16 EPS for the quarter, missing the consensus estimate of $2.43 by ($0.27). TotalEnergies had a net margin of 9.19% and a return on equity of 19.61%. The business had revenue of $54.77 billion for the quarter, compared to analysts' expectations of $55.14 billion. During the same period last year, the business earned $2.97 earnings per share. As a group, equities research analysts forecast that TotalEnergies SE will post 9.22 earnings per share for the current fiscal year.

Insider Activity at TotalEnergies

In other TotalEnergies news, Director Se Totalenergies acquired 196,964 shares of the company's stock in a transaction that occurred on Thursday, March 28th. The shares were bought at an average cost of $22.86 per share, with a total value of $4,502,597.04. Following the completion of the transaction, the director now directly owns 295,235 shares of the company's stock, valued at approximately $6,749,072.10. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on TTE. Piper Sandler decreased their target price on TotalEnergies from $76.00 to $75.00 and set a "neutral" rating for the company in a report on Thursday, March 14th. Scotiabank upped their target price on TotalEnergies from $74.00 to $86.00 and gave the company a "sector perform" rating in a report on Thursday, April 11th. Six research analysts have rated the stock with a hold rating, According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $69.75.

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.