Verdence Capital Advisors LLC Has $2.42 Million Stock Position in TotalEnergies SE (NYSE:TTE)

Verdence Capital Advisors LLC grew its stake in TotalEnergies SE (NYSE:TTEFree Report) by 1.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 35,838 shares of the company’s stock after purchasing an additional 367 shares during the quarter. Verdence Capital Advisors LLC’s holdings in TotalEnergies were worth $2,415,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in TTE. Key Financial Inc raised its stake in TotalEnergies by 139.0% during the 4th quarter. Key Financial Inc now owns 380 shares of the company’s stock worth $26,000 after buying an additional 221 shares during the period. Motco raised its stake in TotalEnergies by 216.2% during the 3rd quarter. Motco now owns 468 shares of the company’s stock worth $31,000 after buying an additional 320 shares during the period. Arlington Trust Co LLC acquired a new stake in TotalEnergies during the 3rd quarter worth $31,000. Fortis Capital Advisors LLC acquired a new stake in TotalEnergies during the 4th quarter worth $32,000. Finally, SRS Capital Advisors Inc. acquired a new stake in TotalEnergies during the 3rd quarter worth $36,000. Institutional investors and hedge funds own 13.22% of the company’s stock.

Analyst Upgrades and Downgrades

TTE has been the topic of several research analyst reports. Scotiabank raised their price objective on TotalEnergies from $74.00 to $86.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 11th. Piper Sandler increased their target price on TotalEnergies from $75.00 to $79.00 and gave the stock a “neutral” rating in a report on Thursday. Six equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $70.75.

Check Out Our Latest Analysis on TotalEnergies

TotalEnergies Stock Up 1.7 %

TTE stock traded up $1.22 during trading hours on Friday, reaching $72.05. 1,361,631 shares of the stock were exchanged, compared to its average volume of 1,376,096. The firm’s 50-day moving average is $67.87 and its 200-day moving average is $66.85. The company has a market cap of $169.44 billion, a price-to-earnings ratio of 8.31, a PEG ratio of 1.73 and a beta of 0.72. 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 SE has a 12 month low of $54.94 and a 12 month high of $74.06.

TotalEnergies (NYSE:TTEGet Free Report) last announced its quarterly earnings data on Wednesday, February 7th. The company reported $2.16 earnings per share for the quarter, missing the consensus estimate of $2.43 by ($0.27). The company had revenue of $54.77 billion during the quarter, compared to the consensus estimate of $55.14 billion. TotalEnergies had a net margin of 9.19% and a return on equity of 19.61%. During the same quarter in the previous year, the business earned $2.97 EPS. On average, equities research analysts expect that TotalEnergies SE will post 9.38 earnings per share for the current year.

Insider Activity

In related news, Director Se Totalenergies acquired 196,964 shares of the firm’s stock in a transaction dated Thursday, March 28th. The stock was bought at an average price of $22.86 per share, for a total transaction of $4,502,597.04. Following the acquisition, the director now directly owns 295,235 shares of the company’s stock, valued at $6,749,072.10. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

About TotalEnergies

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for TotalEnergies (NYSE:TTE)

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