Hexagon Capital Partners LLC Has $262,000 Stock Holdings in TotalEnergies SE (NYSE:TTE)

Hexagon Capital Partners LLC increased its position in shares of TotalEnergies SE (NYSE:TTE) by 44.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,882 shares of the company’s stock after buying an additional 1,197 shares during the quarter. Hexagon Capital Partners LLC’s holdings in TotalEnergies were worth $262,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TTE. Key Financial Inc raised its position in TotalEnergies by 139.0% in the 4th quarter. Key Financial Inc now owns 380 shares of the company’s stock worth $26,000 after purchasing an additional 221 shares during the last quarter. Evolution Advisers Inc. bought a new stake in TotalEnergies during the 4th quarter worth about $29,000. Arlington Trust Co LLC bought a new stake in TotalEnergies during the 3rd quarter worth about $31,000. Motco raised its holdings in shares of TotalEnergies by 216.2% in the 3rd quarter. Motco now owns 468 shares of the company’s stock valued at $31,000 after purchasing an additional 320 shares during the period. Finally, NewSquare Capital LLC bought a new stake in shares of TotalEnergies in the 4th quarter valued at about $35,000. Institutional investors own 13.22% of the company’s stock.

Analyst Ratings Changes

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

Insider Activity at TotalEnergies

In related news, Director Se Totalenergies purchased 196,964 shares of the firm’s stock in a transaction dated Thursday, March 28th. The shares were purchased at an average price of $22.86 per share, with a total value of $4,502,597.04. Following the acquisition, the director now directly owns 295,235 shares of the company’s stock, valued at $6,749,072.10. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink.

TotalEnergies Stock Down 0.8 %

TTE stock traded down $0.56 during trading on Wednesday, reaching $71.91. The stock had a trading volume of 121,824 shares, compared to its average volume of 1,679,142. TotalEnergies SE has a one year low of $54.94 and a one year high of $74.97. The company has a quick ratio of 0.90, a current ratio of 1.09 and a debt-to-equity ratio of 0.31. The company’s 50 day moving average is $69.12 and its two-hundred day moving average is $67.29. The company has a market capitalization of $169.11 billion, a price-to-earnings ratio of 8.18, a P/E/G ratio of 1.68 and a beta of 0.72.

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 net margin of 9.52% and a return on equity of 18.30%. The company had revenue of $54.77 billion for the quarter, compared to the consensus estimate of $55.14 billion. During the same period in the prior year, the company earned $2.97 earnings per share. Equities research analysts forecast that TotalEnergies SE will post 9.28 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.