13,500 Shares in TotalEnergies SE (NYSE:TTE) Purchased by Cinctive Capital Management LP

Cinctive Capital Management LP acquired a new position in shares of TotalEnergies SE (NYSE:TTE) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 13,500 shares of the company’s stock, valued at approximately $736,000.

Several other hedge funds have also added to or reduced their stakes in the stock. Integrated Wealth Concepts LLC increased its stake in shares of TotalEnergies by 1.0% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 16,795 shares of the company’s stock worth $1,085,000 after purchasing an additional 169 shares during the last quarter. Apollon Wealth Management LLC increased its position in TotalEnergies by 4.1% in the fourth quarter. Apollon Wealth Management LLC now owns 4,448 shares of the company’s stock worth $242,000 after buying an additional 174 shares during the last quarter. Continuum Advisory LLC raised its stake in shares of TotalEnergies by 70.4% in the third quarter. Continuum Advisory LLC now owns 443 shares of the company’s stock valued at $27,000 after buying an additional 183 shares during the period. First Horizon Advisors Inc. lifted its position in shares of TotalEnergies by 9.1% during the 4th quarter. First Horizon Advisors Inc. now owns 2,217 shares of the company’s stock valued at $121,000 after buying an additional 184 shares during the last quarter. Finally, FSM Wealth Advisors LLC grew its stake in shares of TotalEnergies by 3.4% during the 4th quarter. FSM Wealth Advisors LLC now owns 5,635 shares of the company’s stock worth $333,000 after acquiring an additional 187 shares during the period. Institutional investors own 16.53% of the company’s stock.

TotalEnergies Trading Down 3.7 %

TotalEnergies stock opened at $62.04 on Friday. The stock has a market cap of $148.74 billion, a P/E ratio of 9.31, a PEG ratio of 0.98 and a beta of 0.56. TotalEnergies SE has a fifty-two week low of $53.29 and a fifty-two week high of $74.97. The firm’s fifty day moving average price is $61.37 and its 200-day moving average price is $61.05. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.88 and a current ratio of 1.10.

TotalEnergies (NYSE:TTE) last released its earnings results on Wednesday, February 5th. The company reported $1.90 EPS for the quarter, beating the consensus estimate of $1.74 by $0.16. TotalEnergies had a net margin of 7.34% and a return on equity of 15.22%. Equities research analysts forecast that TotalEnergies SE will post 8.02 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Morgan Stanley restated an “equal weight” rating and issued a $64.10 price objective (down from $70.40) on shares of TotalEnergies in a research note on Tuesday, January 7th. Royal Bank of Canada upgraded shares of TotalEnergies from a “sector perform” rating to an “outperform” rating in a research note on Thursday, December 5th. Piper Sandler reduced their price objective on shares of TotalEnergies from $77.00 to $62.00 and set a “neutral” rating for the company in a research note on Thursday, December 19th. Citigroup upgraded TotalEnergies from a “neutral” rating to a “buy” rating in a research report on Wednesday, March 26th. Finally, Redburn Atlantic upgraded TotalEnergies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 23rd. Six investment analysts have rated the stock with a hold rating, three have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $72.42.

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.