Tower Research Capital LLC TRC Buys Shares of 459 TotalEnergies SE (NYSE:TTE)

Tower Research Capital LLC TRC bought a new position in shares of TotalEnergies SE (NYSE:TTE) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 459 shares of the company’s stock, valued at approximately $31,000.

A number of other institutional investors and hedge funds also recently modified their holdings of TTE. Key Financial Inc raised its stake in TotalEnergies by 139.0% during the 4th quarter. Key Financial Inc now owns 380 shares of the company’s stock worth $26,000 after buying an additional 221 shares during the period. Evolution Advisers Inc. bought a new stake in shares of TotalEnergies in the fourth quarter worth about $29,000. Frazier Financial Advisors LLC acquired a new stake in shares of TotalEnergies during the fourth quarter worth about $30,000. Motco lifted its holdings in shares of 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 in the last quarter. Finally, Johnson Financial Group Inc. bought a new position in shares of TotalEnergies during the 4th quarter valued at about $33,000. 13.22% of the stock is owned by institutional investors.

Insider Activity at TotalEnergies

In related news, Director Se Totalenergies bought 196,964 shares of the stock in a transaction that occurred on Thursday, March 28th. The shares were acquired at an average price 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 in the company, valued at $6,749,072.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

TotalEnergies Stock Up 0.3 %

TotalEnergies stock traded up $0.23 during midday trading on Friday, reaching $71.63. The stock had a trading volume of 744,251 shares, compared to its average volume of 1,386,107. The stock has a market capitalization of $168.45 billion, a P/E ratio of 8.08, a price-to-earnings-growth ratio of 1.78 and a beta of 0.70. The firm’s fifty day simple moving average is $69.56 and its 200-day simple moving average is $67.38. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.90 and a current ratio of 1.09. TotalEnergies SE has a 1-year low of $54.94 and a 1-year high of $74.97.

TotalEnergies (NYSE:TTE) last posted its quarterly earnings data 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). The business had revenue of $54.77 billion during the quarter, compared to analyst estimates of $55.14 billion. TotalEnergies had a net margin of 9.52% and a return on equity of 18.30%. During the same quarter last year, the business earned $2.97 earnings per share. As a group, analysts expect that TotalEnergies SE will post 9.18 EPS for the current fiscal year.

Analysts Set New Price Targets

TTE has been the subject of a number of research reports. Piper Sandler increased their target price on TotalEnergies from $75.00 to $79.00 and gave the stock a “neutral” rating in a research note on Thursday, April 18th. Scotiabank raised their price objective on shares of TotalEnergies from $74.00 to $86.00 and gave the stock a “sector perform” rating in a report on Thursday, April 11th. Six research analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $70.75.

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.