Lake Street Advisors Group LLC Invests $387,000 in TotalEnergies SE (NYSE:TTE)

Lake Street Advisors Group LLC purchased a new stake in shares of TotalEnergies SE (NYSE:TTE) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 5,675 shares of the company’s stock, valued at approximately $387,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Jump Financial LLC acquired a new stake in shares of TotalEnergies during the 3rd quarter worth approximately $287,000. Merit Financial Group LLC purchased a new stake in TotalEnergies in the third quarter valued at $216,000. Boston Partners lifted its stake in shares of TotalEnergies by 11.5% in the 3rd quarter. Boston Partners now owns 29,774 shares of the company’s stock valued at $1,958,000 after purchasing an additional 3,069 shares during the last quarter. Oppenheimer & Co. Inc. grew its holdings in shares of TotalEnergies by 219.4% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 12,987 shares of the company’s stock worth $854,000 after purchasing an additional 8,921 shares during the period. Finally, J.P. Morgan Private Wealth Advisors LLC acquired a new stake in shares of TotalEnergies during the 3rd quarter worth about $8,210,000. 13.22% of the stock is currently owned by institutional investors and hedge funds.

TotalEnergies Trading Up 0.2 %

TotalEnergies stock traded up $0.13 during midday trading on Wednesday, reaching $70.46. 2,139,019 shares of the stock traded hands, compared to its average volume of 1,531,516. The firm has a market cap of $165.70 billion, a PE ratio of 7.95, a price-to-earnings-growth ratio of 1.79 and a beta of 0.67. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.31. The company has a 50-day simple moving average of $72.10 and a two-hundred day simple moving average of $68.27. TotalEnergies SE has a 12-month low of $54.94 and a 12-month high of $74.97.

TotalEnergies (NYSE:TTE) last posted its quarterly earnings data on Friday, April 26th. The company reported $2.14 EPS for the quarter, beating the consensus estimate of $1.96 by $0.18. The business had revenue of $56.28 billion during the quarter, compared to analyst estimates of $59.64 billion. TotalEnergies had a net margin of 9.52% and a return on equity of 18.30%. Research analysts expect that TotalEnergies SE will post 9.08 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Se Totalenergies acquired 196,964 shares of TotalEnergies stock in a transaction dated Thursday, March 28th. The shares were acquired at an average cost of $22.86 per share, for a total transaction of $4,502,597.04. Following the completion of the purchase, the director now owns 295,235 shares in the company, valued at $6,749,072.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Analyst Ratings Changes

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

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.