TotalEnergies SE (NYSE:TTE) Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC boosted its stake in TotalEnergies SE (NYSE:TTE) by 9.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,237 shares of the company’s stock after buying an additional 282 shares during the period. GAMMA Investing LLC’s holdings in TotalEnergies were worth $223,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in TTE. Fisher Asset Management LLC boosted its holdings in shares of TotalEnergies by 2.0% in the fourth quarter. Fisher Asset Management LLC now owns 21,184,792 shares of the company’s stock valued at $1,427,431,000 after acquiring an additional 419,487 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in TotalEnergies by 1.0% in the 4th quarter. Wells Fargo & Company MN now owns 6,920,067 shares of the company’s stock valued at $466,274,000 after acquiring an additional 70,394 shares during the last quarter. Capital International Investors boosted its position in shares of TotalEnergies by 1.8% during the 4th quarter. Capital International Investors now owns 4,758,038 shares of the company’s stock valued at $318,408,000 after purchasing an additional 85,969 shares in the last quarter. Ameriprise Financial Inc. grew its stake in shares of TotalEnergies by 3.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 3,648,282 shares of the company’s stock worth $241,480,000 after purchasing an additional 129,960 shares during the last quarter. Finally, American Century Companies Inc. raised its holdings in shares of TotalEnergies by 0.4% in the 3rd quarter. American Century Companies Inc. now owns 3,160,760 shares of the company’s stock worth $207,852,000 after purchasing an additional 11,094 shares in the last quarter. 13.22% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Se Totalenergies bought 196,964 shares of the firm’s stock in a transaction that occurred on Thursday, March 28th. The shares were acquired at an average cost of $22.86 per share, with a total value of $4,502,597.04. Following the completion of the transaction, the director now directly owns 295,235 shares in the company, valued at $6,749,072.10. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on TTE shares. 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. Scotiabank upped their price target on TotalEnergies from $74.00 to $86.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 11th. Six research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $70.75.

TotalEnergies Stock Down 0.2 %

TotalEnergies stock opened at $66.52 on Friday. The firm has a market cap of $156.44 billion, a price-to-earnings ratio of 7.51, a P/E/G ratio of 1.68 and a beta of 0.67. The firm has a fifty day moving average price of $71.44 and a two-hundred day moving average price of $68.27. TotalEnergies SE has a fifty-two week low of $54.94 and a fifty-two week high of $74.97. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.09 and a quick ratio of 0.87.

TotalEnergies (NYSE:TTE) last posted its quarterly earnings data on Friday, April 26th. The company reported $2.14 earnings per share for the quarter, beating the consensus estimate of $1.96 by $0.18. The company had revenue of $56.28 billion during the quarter, compared to analysts’ expectations of $59.64 billion. TotalEnergies had a return on equity of 18.30% and a net margin of 9.52%. As a group, analysts forecast that TotalEnergies SE will post 9.08 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.