Bfsg LLC Has $8.55 Million Position in TotalEnergies SE (NYSE:TTE)

Bfsg LLC trimmed its stake in shares of TotalEnergies SE (NYSE:TTE) by 1.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 126,887 shares of the company’s stock after selling 2,156 shares during the quarter. TotalEnergies comprises approximately 1.2% of Bfsg LLC’s investment portfolio, making the stock its 13th biggest position. Bfsg LLC’s holdings in TotalEnergies were worth $8,550,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Yousif Capital Management LLC increased its position in TotalEnergies by 3.6% during the 4th quarter. Yousif Capital Management LLC now owns 42,739 shares of the company’s stock worth $2,880,000 after purchasing an additional 1,470 shares in the last quarter. NewSquare Capital LLC acquired a new position in TotalEnergies during the 4th quarter worth approximately $35,000. Weatherly Asset Management L. P. increased its position in TotalEnergies by 13.0% in the 4th quarter. Weatherly Asset Management L. P. now owns 65,106 shares of the company’s stock valued at $4,438,000 after acquiring an additional 7,498 shares during the period. GAMMA Investing LLC acquired a new position in TotalEnergies in the 4th quarter valued at approximately $193,000. Finally, Parkside Financial Bank & Trust increased its position in TotalEnergies by 38.7% in the 4th quarter. Parkside Financial Bank & Trust now owns 788 shares of the company’s stock valued at $53,000 after acquiring an additional 220 shares during the period. 13.22% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Insider Activity

In related news, Director Se Totalenergies bought 196,964 shares of the business’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 purchase, the director now directly owns 295,235 shares in the company, valued at $6,749,072.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

TotalEnergies Trading Up 0.2 %

Shares of NYSE:TTE traded up $0.11 during trading on Thursday, reaching $72.85. The stock had a trading volume of 407,637 shares, compared to its average volume of 1,677,142. The firm’s fifty day moving average is $68.36 and its 200 day moving average is $67.05. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.90 and a current ratio of 1.12. TotalEnergies SE has a 52 week low of $54.94 and a 52 week high of $74.06. The stock has a market cap of $171.32 billion, a price-to-earnings ratio of 8.39, a P/E/G ratio of 1.64 and a beta of 0.72.

TotalEnergies (NYSE:TTE) last posted its quarterly earnings data on Wednesday, February 7th. The company reported $2.16 EPS for the quarter, missing analysts’ consensus estimates of $2.43 by ($0.27). TotalEnergies had a net margin of 9.19% and a return on equity of 19.61%. The firm had revenue of $54.77 billion during the quarter, compared to the consensus estimate of $55.14 billion. During the same period in the prior year, the company posted $2.97 earnings per share. As a group, equities analysts forecast that TotalEnergies SE will post 9.32 EPS for the current fiscal 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.