Silvercrest Asset Management Group LLC Acquires 26,968 Shares of TotalEnergies SE (NYSE:TTE)

Silvercrest Asset Management Group LLC boosted its holdings in TotalEnergies SE (NYSE:TTE) by 23.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 142,025 shares of the company’s stock after acquiring an additional 26,968 shares during the quarter. Silvercrest Asset Management Group LLC’s holdings in TotalEnergies were worth $7,740,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Barclays PLC lifted its holdings in shares of TotalEnergies by 266.5% during the third quarter. Barclays PLC now owns 674,154 shares of the company’s stock valued at $43,564,000 after acquiring an additional 490,187 shares during the period. Park Avenue Securities LLC lifted its holdings in TotalEnergies by 22.5% during the 4th quarter. Park Avenue Securities LLC now owns 33,230 shares of the company’s stock valued at $1,811,000 after purchasing an additional 6,114 shares during the last quarter. Merit Financial Group LLC bought a new position in TotalEnergies during the 4th quarter valued at about $412,000. Brooklyn Investment Group acquired a new position in TotalEnergies in the fourth quarter valued at about $138,000. Finally, Arkadios Wealth Advisors grew its stake in TotalEnergies by 16.3% during the fourth quarter. Arkadios Wealth Advisors now owns 9,828 shares of the company’s stock worth $536,000 after buying an additional 1,376 shares during the last quarter. Institutional investors own 16.53% of the company’s stock.

TotalEnergies Stock Up 0.8%

Shares of NYSE TTE opened at $59.66 on Monday. TotalEnergies SE has a 1 year low of $52.78 and a 1 year high of $73.12. The firm’s 50-day moving average is $59.70 and its 200-day moving average is $58.97. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $143.06 billion, a PE ratio of 8.96, a price-to-earnings-growth ratio of 0.98 and a beta of 0.58.

TotalEnergies (NYSE:TTE) last announced its quarterly earnings data 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 net margin of 7.34% and a return on equity of 15.22%. The business had revenue of $47.90 billion during the quarter, compared to analyst estimates of $41.23 billion. During the same quarter in the prior year, the company earned $2.14 earnings per share. Equities analysts expect that TotalEnergies SE will post 8.02 EPS for the current year.

Analyst Ratings Changes

TTE has been the subject of a number of research analyst reports. Scotiabank cut their target price on shares of TotalEnergies from $65.00 to $60.00 and set a “sector perform” rating for the company in a research note on Friday, April 11th. Dbs Bank upgraded TotalEnergies from a “hold” rating to a “buy” rating in a research report on Wednesday, May 7th. Citigroup upgraded TotalEnergies from a “neutral” rating to a “buy” rating in a research note on Wednesday, March 26th. Piper Sandler boosted 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. Finally, Redburn Atlantic raised shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 23rd. Four research analysts have rated the stock with a hold rating, seven have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, TotalEnergies presently has an average 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.