GAMMA Investing LLC Takes $193,000 Position in TotalEnergies SE (NYSE:TTE)

GAMMA Investing LLC acquired a new position in shares of TotalEnergies SE (NYSE:TTE) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 2,955 shares of the company’s stock, valued at approximately $193,000.

A number of other large investors have also recently bought and sold shares of TTE. Parkside Financial Bank & Trust increased its position in TotalEnergies by 38.7% in the fourth quarter. Parkside Financial Bank & Trust now owns 788 shares of the company’s stock worth $53,000 after buying an additional 220 shares during the period. PDS Planning Inc lifted its position in TotalEnergies by 2.3% in the 4th quarter. PDS Planning Inc now owns 6,839 shares of the company’s stock valued at $461,000 after purchasing an additional 156 shares during the last quarter. Foster & Motley Inc. boosted its stake in TotalEnergies by 5.8% during the 4th quarter. Foster & Motley Inc. now owns 39,812 shares of the company’s stock valued at $2,683,000 after purchasing an additional 2,187 shares during the period. Jennison Associates LLC grew its position in TotalEnergies by 21.1% in the 4th quarter. Jennison Associates LLC now owns 476,708 shares of the company’s stock worth $32,121,000 after purchasing an additional 83,148 shares during the last quarter. Finally, Cetera Trust Company N.A bought a new position in TotalEnergies in the 4th quarter worth about $261,000. Institutional investors own 13.22% of the company’s stock.

Wall Street Analysts Forecast Growth

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

TotalEnergies Trading Up 1.2 %

TotalEnergies stock opened at $74.62 on Friday. TotalEnergies SE has a 12-month low of $54.94 and a 12-month high of $74.97. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.12 and a quick ratio of 0.90. The stock has a market capitalization of $175.48 billion, a PE ratio of 8.61, a price-to-earnings-growth ratio of 1.66 and a beta of 0.72. The firm has a 50 day simple moving average of $68.74 and a 200-day simple moving average of $67.16.

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

Insider Activity at TotalEnergies

In other TotalEnergies news, Director Se Totalenergies purchased 196,964 shares of the company’s stock in a transaction on Thursday, March 28th. The shares were purchased 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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.