Gallacher Capital Management LLC Buys 470 Shares of TotalEnergies SE (NYSE:TTE)

Gallacher Capital Management LLC lifted its stake in shares of TotalEnergies SE (NYSE:TTE) by 7.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,503 shares of the company’s stock after purchasing an additional 470 shares during the quarter. Gallacher Capital Management LLC’s holdings in TotalEnergies were worth $354,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in TTE. FSA Wealth Management LLC bought a new position in shares of TotalEnergies during the 3rd quarter worth about $26,000. Continuum Advisory LLC lifted its position in TotalEnergies by 70.4% in the 3rd quarter. Continuum Advisory LLC now owns 443 shares of the company’s stock valued at $27,000 after acquiring an additional 183 shares in the last quarter. Asset Planning Inc bought a new position in TotalEnergies in the 4th quarter valued at about $31,000. HHM Wealth Advisors LLC lifted its position in TotalEnergies by 156.3% in 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 in the last quarter. Finally, Versant Capital Management Inc bought a new position in TotalEnergies in the 4th quarter valued at about $45,000. Institutional investors own 16.53% of the company’s stock.

TotalEnergies Stock Up 1.4 %

Shares of NYSE:TTE opened at $62.81 on Monday. The firm has a fifty day moving average price of $59.69 and a two-hundred day moving average price of $61.31. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.10 and a quick ratio of 0.88. TotalEnergies SE has a one year low of $53.29 and a one year high of $74.97. The company has a market cap of $150.59 billion, a price-to-earnings ratio of 9.43, a PEG ratio of 0.98 and a beta of 0.56.

TotalEnergies (NYSE:TTE) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $1.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.74 by $0.16. TotalEnergies had a net margin of 7.34% and a return on equity of 15.22%. Analysts anticipate that TotalEnergies SE will post 8.02 EPS for the current fiscal year.

Analysts Set New Price Targets

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

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.