Sivia Capital Partners LLC Invests $276,000 in TotalEnergies SE (NYSE:TTE)

Sivia Capital Partners LLC purchased a new position in shares of TotalEnergies SE (NYSE:TTE) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 4,097 shares of the company’s stock, valued at approximately $276,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Cerity Partners LLC boosted its position in TotalEnergies by 49.9% in the fourth quarter. Cerity Partners LLC now owns 53,019 shares of the company’s stock worth $3,578,000 after purchasing an additional 17,658 shares during the last quarter. Cloverfields Capital Group LP boosted its position in TotalEnergies by 30.1% in the fourth quarter. Cloverfields Capital Group LP now owns 52,163 shares of the company’s stock worth $3,515,000 after purchasing an additional 12,072 shares during the last quarter. Capital Wealth Planning LLC boosted its position in TotalEnergies by 94.8% in the fourth quarter. Capital Wealth Planning LLC now owns 38,420 shares of the company’s stock worth $2,589,000 after purchasing an additional 18,699 shares during the last quarter. Townsend & Associates Inc boosted its position in TotalEnergies by 58.0% in the fourth quarter. Townsend & Associates Inc now owns 219,759 shares of the company’s stock worth $14,117,000 after purchasing an additional 80,681 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. boosted its position in TotalEnergies by 1,409.1% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 29,050 shares of the company’s stock worth $1,957,000 after purchasing an additional 27,125 shares during the last quarter. Hedge funds and other institutional investors own 13.22% of the company’s stock.

Insider Buying and Selling

In other news, Director Se Totalenergies acquired 196,964 shares of the business’s 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 acquisition, the director now owns 295,235 shares of the company’s stock, valued at $6,749,072.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

TotalEnergies Price Performance

TotalEnergies stock traded up $0.68 during midday trading on Monday, hitting $66.46. 966,337 shares of the company’s stock were exchanged, compared to its average volume of 1,570,788. TotalEnergies SE has a 52-week low of $54.94 and a 52-week high of $74.97. The stock has a 50-day moving average price of $71.84 and a two-hundred day moving average price of $68.29. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.87 and a current ratio of 1.09. The company has a market cap of $156.29 billion, a P/E ratio of 7.42, a PEG ratio of 1.66 and a beta of 0.67.

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

Wall Street Analyst Weigh In

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