EP Wealth Advisors LLC Makes New $360,000 Investment in TotalEnergies SE (NYSE:TTE)

EP Wealth Advisors LLC purchased a new position in shares of TotalEnergies SE (NYSE:TTE) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 5,346 shares of the company’s stock, valued at approximately $360,000.

Other hedge funds also recently modified their holdings of the company. Key Financial Inc boosted its position in shares of TotalEnergies by 139.0% in the fourth quarter. Key Financial Inc now owns 380 shares of the company’s stock worth $26,000 after acquiring an additional 221 shares during the last quarter. Evolution Advisers Inc. acquired a new stake in shares of TotalEnergies in the fourth quarter worth approximately $29,000. Frazier Financial Advisors LLC acquired a new stake in shares of TotalEnergies in the fourth quarter worth approximately $30,000. Tower Research Capital LLC TRC acquired a new stake in shares of TotalEnergies in the fourth quarter worth approximately $31,000. Finally, Johnson Financial Group Inc. acquired a new stake in shares of TotalEnergies in the fourth quarter worth approximately $33,000. 13.22% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently commented on TTE. Scotiabank raised their price target on shares of TotalEnergies from $74.00 to $86.00 and gave the company a “sector perform” rating in a report on Thursday, April 11th. Piper Sandler raised their price target on shares of TotalEnergies from $75.00 to $79.00 and gave the company a “neutral” rating in a report on Thursday, April 18th. Six research analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $70.75.

Insider Activity

In other news, Director Se Totalenergies acquired 196,964 shares of the company’s stock in a transaction dated Thursday, March 28th. The shares were bought at an average price of $22.86 per share, for a total transaction of $4,502,597.04. Following the completion of the purchase, the director now directly owns 295,235 shares of the company’s stock, valued at approximately $6,749,072.10. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

TotalEnergies Trading Up 1.4 %

NYSE TTE opened at $66.66 on Thursday. TotalEnergies SE has a one year low of $54.94 and a one year high of $74.97. The company’s 50 day moving average price is $71.57 and its 200 day moving average price is $68.28. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.87 and a current ratio of 1.09. The firm has a market capitalization of $156.76 billion, a price-to-earnings ratio of 7.52, a PEG ratio of 1.68 and a beta of 0.67.

TotalEnergies (NYSE:TTE) last posted its quarterly earnings data on Friday, April 26th. The company reported $2.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.96 by $0.18. The company had revenue of $56.28 billion for the quarter, compared to analyst estimates of $59.64 billion. TotalEnergies had a net margin of 9.52% and a return on equity of 18.30%. On average, sell-side analysts predict that TotalEnergies SE will post 9.08 EPS 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.