Integrated Advisors Network LLC Acquires New Position in TotalEnergies SE (NYSE:TTE)

Integrated Advisors Network LLC acquired a new position in shares of TotalEnergies SE (NYSE:TTE) in the 1st quarter, HoldingsChannel reports. The firm acquired 18,615 shares of the company’s stock, valued at approximately $1,204,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Financial Management Professionals Inc. grew its stake in shares of TotalEnergies by 65.8% in the 1st quarter. Financial Management Professionals Inc. now owns 484 shares of the company’s stock valued at $31,000 after buying an additional 192 shares during the period. Asset Planning Inc acquired a new position in TotalEnergies in the fourth quarter valued at approximately $31,000. Bernard Wealth Management Corp. purchased a new position in TotalEnergies in the fourth quarter worth approximately $32,000. Stonebridge Financial Group LLC acquired a new stake in TotalEnergies during the fourth quarter worth $49,000. Finally, General Partner Inc. acquired a new stake in TotalEnergies during the first quarter worth $65,000. 16.53% of the stock is currently owned by institutional investors and hedge funds.

TotalEnergies Stock Up 1.5%

Shares of TTE opened at $63.04 on Friday. The company’s 50-day simple moving average is $58.40 and its 200-day simple moving average is $58.80. 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 SE has a 1 year low of $52.78 and a 1 year high of $71.03. The stock has a market capitalization of $151.15 billion, a PE ratio of 9.47, a P/E/G ratio of 0.98 and a beta of 0.56.

TotalEnergies (NYSE:TTE) last announced its earnings results on Wednesday, April 30th. The company reported $1.83 earnings per share for the quarter, missing the consensus estimate of $1.88 by ($0.05). TotalEnergies had a return on equity of 15.22% and a net margin of 7.34%. The business had revenue of $47.90 billion for the quarter, compared to analysts’ expectations of $41.23 billion. During the same period in the previous year, the company earned $2.14 earnings per share. Analysts forecast that TotalEnergies SE will post 8.02 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. HSBC reaffirmed a “buy” rating on shares of TotalEnergies in a research note on Tuesday, May 13th. Piper Sandler increased their target price on shares of 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 shares of TotalEnergies from an “equal weight” rating to an “overweight” rating and set a $60.80 price target for the company in a research report on Monday, May 12th. Scotiabank decreased their price objective on shares of TotalEnergies from $65.00 to $60.00 and set a “sector perform” rating on the stock in a report on Friday, April 11th. Finally, BNP Paribas raised shares of TotalEnergies from a “neutral” rating to an “outperform” rating in a research report on Tuesday, April 15th. Four investment analysts have rated the stock with a hold rating, seven have issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $69.36.

About TotalEnergies

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.