SIH Partners LLLP Acquires Shares of 8,599 TotalEnergies SE (NYSE:TTE)

SIH Partners LLLP purchased a new position in shares of TotalEnergies SE (NYSE:TTE - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 8,599 shares of the company's stock, valued at approximately $469,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Asset Planning Inc bought a new stake in shares of TotalEnergies during the 4th quarter worth about $31,000. Bernard Wealth Management Corp. bought a new stake in shares of TotalEnergies during the 4th quarter worth about $32,000. HHM Wealth Advisors LLC raised its position in shares of TotalEnergies by 156.3% during the 4th quarter. HHM Wealth Advisors LLC now owns 656 shares of the company's stock worth $36,000 after buying an additional 400 shares in the last quarter. Versant Capital Management Inc bought a new stake in shares of TotalEnergies during the 4th quarter worth about $45,000. Finally, Stonebridge Financial Group LLC bought a new stake in shares of TotalEnergies during the 4th quarter worth about $49,000. 16.53% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have commented on TTE. Citigroup upgraded shares of TotalEnergies from a "neutral" rating to a "buy" rating in a research report on Wednesday, March 26th. Morgan Stanley restated an "equal weight" rating and set a $64.10 target price (down from $70.40) on shares of TotalEnergies in a report on Tuesday, January 7th. Redburn Atlantic raised TotalEnergies from a "hold" rating to a "strong-buy" rating in a report on Thursday, January 23rd. Scotiabank reduced their price objective on TotalEnergies from $65.00 to $60.00 and set a "sector perform" rating for the company in a research note on Friday, April 11th. Finally, BNP Paribas raised TotalEnergies from a "neutral" rating to an "outperform" rating in a research note on Tuesday, April 15th. Five equities 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.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $69.42.

TotalEnergies Price Performance

Shares of TTE traded up $0.77 during trading hours on Friday, hitting $60.05. 1,313,301 shares of the company were exchanged, compared to its average volume of 1,569,960. The company has a market capitalization of $143.97 billion, a PE ratio of 9.02, a PEG ratio of 0.98 and a beta of 0.45. 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 fifty day simple moving average of $60.39 and a 200-day simple moving average of $59.67. TotalEnergies SE has a one year low of $52.78 and a one year high of $74.66.

TotalEnergies (NYSE:TTE - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $1.90 earnings per share for the quarter, beating analysts' consensus estimates of $1.74 by $0.16. TotalEnergies had a return on equity of 15.22% and a net margin of 7.34%. As a group, sell-side analysts predict that TotalEnergies SE will post 8.02 earnings per share for the current year.

About TotalEnergies

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.