TotalEnergies SE (NYSE:TTE) Shares Acquired by Argonautica Private Wealth Management Inc.

Argonautica Private Wealth Management Inc. increased its position in shares of TotalEnergies SE (NYSE:TTE) by 7.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,611 shares of the company’s stock after purchasing an additional 409 shares during the period. Argonautica Private Wealth Management Inc.’s holdings in TotalEnergies were worth $306,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. FSA Wealth Management LLC purchased a new position in shares of TotalEnergies during the third quarter worth approximately $26,000. Continuum Advisory LLC grew its holdings in shares of TotalEnergies by 70.4% during the third quarter. Continuum Advisory LLC now owns 443 shares of the company’s stock worth $27,000 after buying an additional 183 shares during the last quarter. Asset Planning Inc acquired a new position in TotalEnergies in the 4th quarter valued at about $31,000. HHM Wealth Advisors LLC raised its stake in TotalEnergies by 156.3% during the 4th quarter. HHM Wealth Advisors LLC now owns 656 shares of the company’s stock valued at $36,000 after acquiring an additional 400 shares during the last quarter. Finally, Versant Capital Management Inc acquired a new stake in TotalEnergies during the 4th quarter worth approximately $45,000. Institutional investors and hedge funds own 16.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Redburn Atlantic raised TotalEnergies from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 23rd. BNP Paribas downgraded shares of TotalEnergies from an “outperform” rating to a “neutral” rating in a research report on Wednesday, November 27th. Royal Bank of Canada raised TotalEnergies from a “sector perform” rating to an “outperform” rating in a report on Thursday, December 5th. Morgan Stanley restated an “equal weight” rating and issued a $64.10 price target (down previously from $70.40) on shares of TotalEnergies in a report on Tuesday, January 7th. Finally, Piper Sandler cut their target price on shares of TotalEnergies from $77.00 to $62.00 and set a “neutral” rating for the company in a research report on Thursday, December 19th. Six investment analysts have rated the stock with a hold rating, two have assigned a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $72.42.

TotalEnergies Trading Down 0.3 %

Shares of TTE opened at $60.48 on Wednesday. TotalEnergies SE has a fifty-two week low of $53.29 and a fifty-two week high of $74.97. The company has a market capitalization of $142.81 billion, a PE ratio of 9.08, a price-to-earnings-growth ratio of 0.98 and a beta of 0.61. The stock has a fifty day moving average of $57.99 and a two-hundred day moving average of $62.03. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.88 and a current ratio of 1.10.

TotalEnergies (NYSE:TTE) last released its earnings results on Wednesday, February 5th. The company reported $1.90 EPS for the quarter, beating the consensus estimate of $1.74 by $0.16. TotalEnergies had a return on equity of 15.22% and a net margin of 7.34%. As a group, analysts forecast that TotalEnergies SE will post 8.02 EPS for the current year.

TotalEnergies Company 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.