Evolution Advisers Inc. Invests $29,000 in TotalEnergies SE (NYSE:TTE)

Evolution Advisers Inc. bought a new position in TotalEnergies SE (NYSE:TTE) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 424 shares of the company’s stock, valued at approximately $29,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Key Financial Inc boosted its holdings in shares of TotalEnergies by 139.0% in the 4th quarter. Key Financial Inc now owns 380 shares of the company’s stock valued at $26,000 after buying an additional 221 shares during the period. Arlington Trust Co LLC acquired a new position in TotalEnergies during the 3rd quarter valued at about $31,000. Motco boosted its stake in TotalEnergies by 216.2% during the 3rd quarter. Motco now owns 468 shares of the company’s stock valued at $31,000 after purchasing an additional 320 shares during the period. NewSquare Capital LLC acquired a new position in TotalEnergies during the 4th quarter valued at about $35,000. Finally, SRS Capital Advisors Inc. acquired a new position in TotalEnergies during the 3rd quarter valued at about $36,000. Institutional investors own 13.22% of the company’s stock.

TotalEnergies Trading Up 1.4 %

Shares of TTE stock traded up $1.02 during trading hours on Thursday, reaching $73.76. 1,390,413 shares of the stock traded hands, compared to its average volume of 1,690,140. TotalEnergies SE has a 1-year low of $54.94 and a 1-year high of $74.06. The business has a fifty day moving average price of $68.54 and a 200 day moving average price of $67.09. The company has a quick ratio of 0.90, a current ratio of 1.12 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $173.46 billion, a PE ratio of 8.51, a PEG ratio of 1.64 and a beta of 0.72.

TotalEnergies (NYSE:TTE) last released its quarterly earnings results on Wednesday, February 7th. The company reported $2.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.43 by ($0.27). TotalEnergies had a net margin of 9.19% and a return on equity of 19.61%. The firm had revenue of $54.77 billion for the quarter, compared to analyst estimates of $55.14 billion. During the same quarter in the prior year, the firm earned $2.97 EPS. On average, equities research analysts forecast that TotalEnergies SE will post 9.32 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on TTE. Scotiabank upped their price target on shares of TotalEnergies from $74.00 to $86.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 11th. Piper Sandler upped their price target on shares of TotalEnergies from $75.00 to $79.00 and gave the stock a “neutral” rating in a research note on Thursday, April 18th. Six research analysts have rated the stock with a hold rating, According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $70.75.

Insider Activity at TotalEnergies

In related news, Director Se Totalenergies acquired 196,964 shares of the stock in a transaction that occurred on Thursday, March 28th. The shares were purchased at an average cost of $22.86 per share, with a total value of $4,502,597.04. Following the completion of the transaction, the director now owns 295,235 shares of the company’s stock, valued at approximately $6,749,072.10. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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.