Captrust Financial Advisors Acquires 7,702 Shares of TotalEnergies SE (NYSE:TTE)

Captrust Financial Advisors lifted its stake in shares of TotalEnergies SE (NYSE:TTE - Free Report) by 15.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 58,419 shares of the company's stock after purchasing an additional 7,702 shares during the quarter. Captrust Financial Advisors' holdings in TotalEnergies were worth $3,184,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Apollon Wealth Management LLC raised its holdings in TotalEnergies by 4.1% in the fourth quarter. Apollon Wealth Management LLC now owns 4,448 shares of the company's stock valued at $242,000 after buying an additional 174 shares during the period. First Horizon Advisors Inc. raised its stake in shares of TotalEnergies by 9.1% in the 4th quarter. First Horizon Advisors Inc. now owns 2,217 shares of the company's stock valued at $121,000 after acquiring an additional 184 shares during the period. FSM Wealth Advisors LLC lifted its holdings in shares of TotalEnergies by 3.4% during the 4th quarter. FSM Wealth Advisors LLC now owns 5,635 shares of the company's stock valued at $333,000 after acquiring an additional 187 shares in the last quarter. Wilmington Savings Fund Society FSB boosted its position in TotalEnergies by 4.4% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 4,889 shares of the company's stock worth $266,000 after purchasing an additional 207 shares during the period. Finally, Cetera Trust Company N.A increased its holdings in TotalEnergies by 5.7% in the 4th quarter. Cetera Trust Company N.A now owns 4,090 shares of the company's stock valued at $223,000 after purchasing an additional 220 shares in the last quarter. 16.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TTE has been the subject of several analyst reports. Redburn Atlantic raised TotalEnergies from a "hold" rating to a "strong-buy" rating in a research report on Thursday, January 23rd. Scotiabank reduced their target price on shares of TotalEnergies from $65.00 to $60.00 and set a "sector perform" rating on the stock in a research report on Friday, April 11th. Dbs Bank upgraded shares of TotalEnergies from a "hold" rating to a "buy" rating in a report on Wednesday, May 7th. BNP Paribas raised TotalEnergies from a "neutral" rating to an "outperform" rating in a research report on Tuesday, April 15th. Finally, Morgan Stanley upgraded TotalEnergies from an "equal weight" rating to an "overweight" rating and set a $60.80 price objective on the stock in a report on Monday. Four research analysts have rated the stock with a hold rating, six have assigned a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $69.36.

TotalEnergies Stock Up 2.0%

Shares of NYSE TTE traded up $1.15 during mid-day trading on Tuesday, reaching $59.85. The company had a trading volume of 3,430,584 shares, compared to its average volume of 1,611,653. The company has a market capitalization of $143.50 billion, a price-to-earnings ratio of 8.99, a PEG ratio of 0.98 and a beta of 0.58. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.88 and a current ratio of 1.10. The stock has a fifty day moving average of $59.81 and a two-hundred day moving average of $59.10. TotalEnergies SE has a 12-month low of $52.78 and a 12-month high of $74.21.

TotalEnergies (NYSE:TTE - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The company reported $1.83 earnings per share for the quarter, missing analysts' consensus estimates of $1.88 by ($0.05). The business had revenue of $47.90 billion for the quarter, compared to the consensus estimate of $41.23 billion. TotalEnergies had a net margin of 7.34% and a return on equity of 15.22%. During the same quarter in the prior year, the business posted $2.14 EPS. As a group, equities 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.