Fidelis Capital Partners LLC Increases Stake in TotalEnergies SE (NYSE:TTE)

Fidelis Capital Partners LLC raised its stake in shares of TotalEnergies SE (NYSE:TTE) by 21.1% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 4,385 shares of the company’s stock after acquiring an additional 763 shares during the period. Fidelis Capital Partners LLC’s holdings in TotalEnergies were worth $295,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Cerity Partners LLC grew its holdings in TotalEnergies by 49.9% during the 4th quarter. Cerity Partners LLC now owns 53,019 shares of the company’s stock valued at $3,578,000 after buying an additional 17,658 shares in the last quarter. Oppenheimer & Co. Inc. grew its holdings in TotalEnergies by 219.4% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 12,987 shares of the company’s stock valued at $854,000 after buying an additional 8,921 shares in the last quarter. Main Street Research LLC purchased a new stake in TotalEnergies during the 3rd quarter valued at approximately $10,979,000. Mariner LLC grew its holdings in shares of TotalEnergies by 9.6% in the third quarter. Mariner LLC now owns 95,857 shares of the company’s stock valued at $6,304,000 after purchasing an additional 8,400 shares in the last quarter. Finally, Sequoia Financial Advisors LLC grew its holdings in shares of TotalEnergies by 12.3% in the fourth quarter. Sequoia Financial Advisors LLC now owns 16,385 shares of the company’s stock valued at $1,104,000 after purchasing an additional 1,792 shares in the last quarter. 13.22% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other TotalEnergies news, Director Se Totalenergies bought 196,964 shares of the firm’s stock in a transaction dated Thursday, March 28th. The stock was acquired at an average cost of $22.86 per share, for a total transaction of $4,502,597.04. Following the completion of the transaction, the director now owns 295,235 shares in the company, valued at $6,749,072.10. The acquisition was disclosed in a document filed with the SEC, which is available through this link.

Analysts Set New Price Targets

A number of research firms recently weighed in on TTE. Piper Sandler raised their target price on shares of TotalEnergies from $75.00 to $79.00 and gave the company a “neutral” rating in a report on Thursday. Scotiabank raised their target price 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. 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 a consensus price target of $70.75.

TotalEnergies Stock Up 1.7 %

NYSE TTE opened at $72.05 on Friday. The company has a quick ratio of 0.90, a current ratio of 1.12 and a debt-to-equity ratio of 0.34. The company has a fifty day moving average of $67.87 and a two-hundred day moving average of $66.83. The firm has a market capitalization of $169.44 billion, a price-to-earnings ratio of 8.31, a PEG ratio of 1.70 and a beta of 0.72. TotalEnergies SE has a 52 week low of $54.94 and a 52 week high of $74.06.

TotalEnergies (NYSE:TTE) last posted its quarterly earnings data on Wednesday, February 7th. The company reported $2.16 EPS for the quarter, missing the consensus estimate of $2.43 by ($0.27). The firm had revenue of $54.77 billion for the quarter, compared to analysts’ expectations of $55.14 billion. TotalEnergies had a return on equity of 19.61% and a net margin of 9.19%. During the same period in the previous year, the firm earned $2.97 earnings per share. On average, analysts predict that TotalEnergies SE will post 9.37 earnings per share for the current year.

TotalEnergies 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.