Everpar Advisors LLC Boosts Stock Holdings in TotalEnergies SE (NYSE:TTE)

Everpar Advisors LLC raised its holdings in shares of TotalEnergies SE (NYSE:TTE) by 14.2% during the first quarter, according to its most recent filing with the SEC. The firm owned 6,422 shares of the company’s stock after purchasing an additional 800 shares during the period. Everpar Advisors LLC’s holdings in TotalEnergies were worth $415,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in TTE. Apollon Wealth Management LLC increased its position in TotalEnergies by 4.1% during the 4th quarter. Apollon Wealth Management LLC now owns 4,448 shares of the company’s stock valued at $242,000 after purchasing an additional 174 shares during the period. Kestra Private Wealth Services LLC boosted its holdings in shares of TotalEnergies by 4.7% in the 4th quarter. Kestra Private Wealth Services LLC now owns 18,693 shares of the company’s stock valued at $1,019,000 after buying an additional 846 shares in the last quarter. Savant Capital LLC boosted its holdings in shares of TotalEnergies by 87.8% in the 4th quarter. Savant Capital LLC now owns 14,414 shares of the company’s stock valued at $786,000 after buying an additional 6,737 shares in the last quarter. Stonebridge Financial Group LLC bought a new stake in shares of TotalEnergies in the 4th quarter valued at about $49,000. Finally, Allspring Global Investments Holdings LLC boosted its holdings in shares of TotalEnergies by 54.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 353,653 shares of the company’s stock valued at $19,479,000 after buying an additional 124,872 shares in the last quarter. Hedge funds and other institutional investors own 16.53% of the company’s stock.

TotalEnergies Stock Up 0.7%

TTE stock opened at $63.48 on Friday. The firm has a 50 day moving average of $58.60 and a 200 day moving average of $58.84. The stock has a market capitalization of $152.20 billion, a PE ratio of 9.53, a price-to-earnings-growth ratio of 0.98 and a beta of 0.56. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.36. TotalEnergies SE has a 52 week low of $52.78 and a 52 week high of $71.03.

TotalEnergies (NYSE:TTE) last released 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). The company had revenue of $47.90 billion during the quarter, compared to analyst estimates of $41.23 billion. TotalEnergies had a return on equity of 15.22% and a net margin of 7.34%. During the same quarter last year, the business earned $2.14 earnings per share. Sell-side analysts forecast that TotalEnergies SE will post 8.02 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on TTE. Morgan Stanley upgraded shares of TotalEnergies from an “equal weight” rating to an “overweight” rating and set a $60.80 price target on the stock in a report on Monday, May 12th. Piper Sandler raised their price target on shares of TotalEnergies from $62.00 to $65.00 and gave the company a “neutral” rating in a report on Tuesday, May 13th. Citigroup upgraded shares of TotalEnergies from a “neutral” rating to a “buy” rating in a report on Wednesday, March 26th. Scotiabank lowered their price target 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 upgraded shares of TotalEnergies from a “neutral” rating to an “outperform” rating in a report on Tuesday, April 15th. Four research analysts have rated the stock with a hold rating, seven have assigned a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, TotalEnergies currently has a consensus rating of “Moderate Buy” and an average target price of $69.36.

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.