HighPoint Advisor Group LLC Purchases 440 Shares of TotalEnergies SE (NYSE:TTE)

HighPoint Advisor Group LLC boosted its holdings in TotalEnergies SE (NYSE:TTE) by 4.6% during the 4th quarter, HoldingsChannel.com reports. The fund owned 10,018 shares of the company’s stock after buying an additional 440 shares during the period. HighPoint Advisor Group LLC’s holdings in TotalEnergies were worth $546,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in TTE. Continuum Advisory LLC boosted its position in shares of TotalEnergies by 70.4% during the third quarter. Continuum Advisory LLC now owns 443 shares of the company’s stock valued at $27,000 after buying an additional 183 shares during the last quarter. Asset Planning Inc bought a new position in TotalEnergies during the 4th quarter valued at about $31,000. HHM Wealth Advisors LLC boosted its holdings in shares of TotalEnergies by 156.3% during the 4th quarter. HHM Wealth Advisors LLC now owns 656 shares of the company’s stock valued at $36,000 after acquiring an additional 400 shares during the last quarter. Versant Capital Management Inc bought a new stake in shares of TotalEnergies in the fourth quarter worth approximately $45,000. Finally, Stonebridge Financial Group LLC purchased a new position in shares of TotalEnergies during the fourth quarter valued at approximately $49,000. 16.53% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on TTE. Royal Bank of Canada raised shares of TotalEnergies from a “sector perform” rating to an “outperform” rating in a research report on Thursday, December 5th. Piper Sandler reduced their price objective on TotalEnergies from $77.00 to $62.00 and set a “neutral” rating for the company in a research report on Thursday, December 19th. Citigroup raised TotalEnergies from a “neutral” rating to a “buy” rating in a research report on Wednesday, March 26th. Morgan Stanley reaffirmed an “equal weight” rating and set a $64.10 price target (down previously from $70.40) on shares of TotalEnergies in a research report on Tuesday, January 7th. Finally, Redburn Atlantic raised shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 23rd. Six investment analysts have rated the stock with a hold rating, three have issued a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $72.42.

TotalEnergies Trading Up 0.0 %

TotalEnergies stock opened at $64.50 on Thursday. TotalEnergies SE has a 12-month low of $53.29 and a 12-month high of $74.97. The firm has a market capitalization of $154.65 billion, a price-to-earnings ratio of 9.68, a P/E/G ratio of 0.98 and a beta of 0.56. The firm has a 50 day moving average of $61.30 and a 200 day moving average of $61.04. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.36.

TotalEnergies (NYSE:TTE) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $1.90 EPS for the quarter, beating the consensus estimate of $1.74 by $0.16. TotalEnergies had a net margin of 7.34% and a return on equity of 15.22%. As a group, research 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.