Abel Hall LLC Makes New $510,000 Investment in TotalEnergies SE (NYSE:TTE)

Abel Hall LLC bought a new position in shares of TotalEnergies SE (NYSE:TTE) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 7,572 shares of the company’s stock, valued at approximately $510,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Key Financial Inc raised its stake in TotalEnergies by 139.0% in the fourth quarter. Key Financial Inc now owns 380 shares of the company’s stock valued at $26,000 after purchasing an additional 221 shares in the last quarter. Evolution Advisers Inc. purchased a new position in shares of TotalEnergies during the fourth quarter worth approximately $29,000. Frazier Financial Advisors LLC purchased a new position in shares of TotalEnergies during the fourth quarter worth approximately $30,000. Tower Research Capital LLC TRC purchased a new position in shares of TotalEnergies during the fourth quarter worth approximately $31,000. Finally, Johnson Financial Group Inc. purchased a new position in shares of TotalEnergies during the fourth quarter worth approximately $33,000. Institutional investors own 13.22% of the company’s stock.

TotalEnergies Stock Performance

NYSE:TTE traded down $1.59 during mid-day trading on Friday, reaching $65.78. The company’s stock had a trading volume of 4,347,898 shares, compared to its average volume of 1,261,872. TotalEnergies SE has a 12-month low of $54.94 and a 12-month high of $74.97. The firm’s fifty day moving average price is $71.84 and its two-hundred day moving average price is $68.29. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.31. The stock has a market cap of $154.70 billion, a P/E ratio of 7.42, a PEG ratio of 1.66 and a beta of 0.67.

TotalEnergies (NYSE:TTE) last released its quarterly earnings results on Friday, April 26th. The company reported $2.14 EPS for the quarter, beating the consensus estimate of $1.96 by $0.18. The firm had revenue of $56.28 billion during the quarter, compared to analyst estimates of $59.64 billion. TotalEnergies had a net margin of 9.52% and a return on equity of 18.30%. On average, equities analysts forecast that TotalEnergies SE will post 9.08 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Se Totalenergies bought 196,964 shares of the stock in a transaction dated Thursday, March 28th. The stock was purchased at an average cost of $22.86 per share, for a total transaction of $4,502,597.04. Following the transaction, the director now owns 295,235 shares of the company’s stock, valued at $6,749,072.10. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.

Wall Street Analysts Forecast Growth

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

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.