Curat Global LLC Invests $91,000 in TotalEnergies SE (NYSE:TTE)

Curat Global LLC bought a new position in shares of TotalEnergies SE (NYSE:TTE) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 1,400 shares of the company’s stock, valued at approximately $91,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Asset Planning Inc purchased a new stake in shares of TotalEnergies during the fourth quarter worth about $31,000. Financial Management Professionals Inc. grew its stake in TotalEnergies by 65.8% in the first quarter. Financial Management Professionals Inc. now owns 484 shares of the company’s stock worth $31,000 after purchasing an additional 192 shares in the last quarter. Bernard Wealth Management Corp. acquired a new position in TotalEnergies in the fourth quarter worth about $32,000. Stonebridge Financial Group LLC acquired a new position in TotalEnergies in the fourth quarter worth about $49,000. Finally, SRS Capital Advisors Inc. grew its stake in TotalEnergies by 108.4% in the fourth quarter. SRS Capital Advisors Inc. now owns 1,186 shares of the company’s stock worth $65,000 after purchasing an additional 617 shares in the last quarter. 16.53% of the stock is owned by hedge funds and other institutional investors.

TotalEnergies Stock Performance

Shares of TTE stock opened at $59.32 on Friday. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.36. The business has a 50 day moving average of $58.29 and a two-hundred day moving average of $58.75. TotalEnergies SE has a 52 week low of $52.78 and a 52 week high of $71.03. The company has a market cap of $142.23 billion, a P/E ratio of 8.91, a PEG ratio of 0.98 and a beta of 0.56.

TotalEnergies (NYSE:TTE) last issued its earnings results on Wednesday, April 30th. The company reported $1.83 EPS for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.05). TotalEnergies had a net margin of 7.34% and a return on equity of 15.22%. The company had revenue of $47.90 billion during the quarter, compared to analyst estimates of $41.23 billion. During the same quarter in the previous year, the firm earned $2.14 earnings per share. As a group, analysts anticipate that TotalEnergies SE will post 8.02 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts recently commented on TTE shares. BNP Paribas upgraded TotalEnergies from a “neutral” rating to an “outperform” rating in a research note on Tuesday, April 15th. Dbs Bank upgraded TotalEnergies from a “hold” rating to a “buy” rating in a research note on Wednesday, May 7th. Piper Sandler lifted their price target on TotalEnergies from $62.00 to $65.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 13th. Morgan Stanley upgraded TotalEnergies from an “equal weight” rating to an “overweight” rating and set a $60.80 price target for the company in a research note on Monday, May 12th. Finally, Scotiabank decreased their price target on TotalEnergies from $65.00 to $60.00 and set a “sector perform” rating for the company in a research note on Friday, April 11th. Four research analysts have rated the stock with a hold rating, seven have issued a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, TotalEnergies has a consensus rating of “Moderate Buy” and an average target price of $69.36.

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.