11,662 Shares in TotalEnergies SE (NYSE:TTE) Purchased by Sagespring Wealth Partners LLC

Sagespring Wealth Partners LLC bought a new stake in TotalEnergies SE (NYSE:TTE - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 11,662 shares of the company's stock, valued at approximately $636,000.

A number of other hedge funds have also made changes to their positions in TTE. Clear Creek Financial Management LLC purchased a new stake in TotalEnergies in the 4th quarter worth approximately $345,000. Franklin Resources Inc. increased its stake in shares of TotalEnergies by 41.7% in the fourth quarter. Franklin Resources Inc. now owns 5,685,348 shares of the company's stock worth $309,851,000 after acquiring an additional 1,672,387 shares during the last quarter. Logan Capital Management Inc. raised its holdings in shares of TotalEnergies by 22.8% during the third quarter. Logan Capital Management Inc. now owns 71,757 shares of the company's stock worth $4,637,000 after acquiring an additional 13,331 shares in the last quarter. CWA Asset Management Group LLC raised its holdings in shares of TotalEnergies by 85.1% during the fourth quarter. CWA Asset Management Group LLC now owns 23,571 shares of the company's stock worth $1,285,000 after acquiring an additional 10,835 shares in the last quarter. Finally, Barclays PLC boosted its position in TotalEnergies by 266.5% during the third quarter. Barclays PLC now owns 674,154 shares of the company's stock valued at $43,564,000 after purchasing an additional 490,187 shares during the last quarter. 16.53% of the stock is owned by hedge funds and other institutional investors.

TotalEnergies Stock Performance

NYSE:TTE traded up $0.56 during midday trading on Friday, reaching $58.39. The stock had a trading volume of 1,306,216 shares, compared to its average volume of 1,571,501. The stock has a market capitalization of $140.00 billion, a P/E ratio of 8.77, a PEG ratio of 0.98 and a beta of 0.45. TotalEnergies SE has a 1-year low of $52.78 and a 1-year high of $74.97. 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's fifty day simple moving average is $60.61 and its 200-day simple moving average is $60.00.

TotalEnergies (NYSE:TTE - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $1.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.74 by $0.16. TotalEnergies had a return on equity of 15.22% and a net margin of 7.34%. On average, equities research analysts forecast that TotalEnergies SE will post 8.02 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Morgan Stanley reaffirmed an "equal weight" rating and set a $64.10 price target (down from $70.40) on shares of TotalEnergies in a research note on Tuesday, January 7th. Redburn Atlantic upgraded shares of TotalEnergies from a "hold" rating to a "strong-buy" rating in a research note on Thursday, January 23rd. Citigroup raised shares of TotalEnergies from a "neutral" rating to a "buy" rating in a research report on Wednesday, March 26th. Scotiabank cut their price target 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. Finally, BNP Paribas upgraded shares of TotalEnergies from a "neutral" rating to an "outperform" rating in a report on Tuesday, April 15th. Five research analysts have rated the stock with a hold rating, four have assigned a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $69.42.

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.