Hollow Brook Wealth Management LLC Acquires 1,073 Shares of TotalEnergies SE (NYSE:TTE)

Hollow Brook Wealth Management LLC lifted its holdings in TotalEnergies SE (NYSE:TTE) by 2.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 38,059 shares of the company’s stock after purchasing an additional 1,073 shares during the period. Hollow Brook Wealth Management LLC’s holdings in TotalEnergies were worth $2,595,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in TTE. Commonwealth Equity Services LLC increased its stake in shares of TotalEnergies by 2.5% in the third quarter. Commonwealth Equity Services LLC now owns 99,102 shares of the company’s stock worth $6,517,000 after purchasing an additional 2,444 shares during the period. Hexagon Capital Partners LLC increased its stake in shares of TotalEnergies by 26.1% in the third quarter. Hexagon Capital Partners LLC now owns 2,685 shares of the company’s stock worth $177,000 after purchasing an additional 556 shares during the period. Cambridge Investment Research Advisors Inc. increased its stake in shares of TotalEnergies by 0.8% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 97,905 shares of the company’s stock worth $6,438,000 after purchasing an additional 771 shares during the period. FSC Wealth Advisors LLC bought a new position in shares of TotalEnergies in the third quarter worth about $82,000. Finally, Raymond James Financial Services Advisors Inc. increased its stake in shares of TotalEnergies by 3.3% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 106,259 shares of the company’s stock worth $6,988,000 after purchasing an additional 3,357 shares during the period. 13.22% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Scotiabank boosted their price target on TotalEnergies from $74.00 to $86.00 and gave the company a “sector perform” rating in a research note on Thursday, April 11th. Piper Sandler boosted their price target on TotalEnergies from $75.00 to $79.00 and gave the company a “neutral” rating in a research note on Thursday, April 18th. Six equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $70.75.

TotalEnergies Stock Performance

TTE traded down $2.02 on Tuesday, hitting $72.46. 1,735,377 shares of the stock traded hands, compared to its average volume of 1,698,091. TotalEnergies SE has a 52 week low of $54.94 and a 52 week high of $74.97. The firm has a market capitalization of $170.40 billion, a PE ratio of 8.18, a P/E/G ratio of 1.67 and a beta of 0.72. The business has a fifty day moving average price of $69.12 and a two-hundred day moving average price of $67.29. The company has a current ratio of 1.12, a quick ratio of 0.90 and a debt-to-equity ratio of 0.34.

TotalEnergies (NYSE:TTE) last released its quarterly earnings data on Wednesday, February 7th. The company reported $2.16 earnings per share for the quarter, missing the consensus estimate of $2.43 by ($0.27). TotalEnergies had a net margin of 9.52% and a return on equity of 18.41%. The company had revenue of $54.77 billion during the quarter, compared to the consensus estimate of $55.14 billion. During the same quarter in the prior year, the company posted $2.97 earnings per share. On average, research analysts predict that TotalEnergies SE will post 9.32 EPS for the current fiscal year.

Insider Activity

In related news, Director Se Totalenergies acquired 196,964 shares of the stock in a transaction dated Thursday, March 28th. The shares were bought at an average cost of $22.86 per share, for a total transaction of $4,502,597.04. Following the purchase, the director now owns 295,235 shares in the company, valued at approximately $6,749,072.10. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.

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.