Bernard Wealth Management Corp. Buys Shares of 582 TotalEnergies SE (NYSE:TTE)

Bernard Wealth Management Corp. purchased a new stake in TotalEnergies SE (NYSE:TTE) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 582 shares of the company’s stock, valued at approximately $32,000.

Several other large investors have also modified their holdings of the business. Continuum Advisory LLC grew its holdings in TotalEnergies by 70.4% during the 3rd 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 last quarter. Asset Planning Inc acquired a new stake in shares of TotalEnergies during the fourth quarter valued at $31,000. HHM Wealth Advisors LLC increased its position in TotalEnergies by 156.3% during the 4th quarter. HHM Wealth Advisors LLC now owns 656 shares of the company’s stock worth $36,000 after purchasing an additional 400 shares in the last quarter. Versant Capital Management Inc purchased a new position in TotalEnergies in the 4th quarter valued at about $45,000. Finally, Stonebridge Financial Group LLC acquired a new stake in shares of TotalEnergies during the 4th quarter worth about $49,000. 16.53% of the stock is currently owned by institutional investors and hedge funds.

TotalEnergies Price Performance

TTE stock opened at $53.42 on Wednesday. The stock has a 50-day moving average price of $61.09 and a two-hundred day moving average price of $60.62. The company has a market cap of $128.08 billion, a PE ratio of 8.02, a price-to-earnings-growth ratio of 0.98 and a beta of 0.45. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.36. TotalEnergies SE has a 12-month low of $52.85 and a 12-month high of $74.97.

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

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on TTE. Citigroup raised shares of TotalEnergies from a “neutral” rating to a “buy” rating in a research report on Wednesday, March 26th. Morgan Stanley reissued an “equal weight” rating and set a $64.10 price target (down previously from $70.40) on shares of TotalEnergies in a research note on Tuesday, January 7th. Redburn Atlantic raised TotalEnergies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 23rd. Finally, Piper Sandler reduced their target price on TotalEnergies from $77.00 to $62.00 and set a “neutral” rating on the stock in a research report on Thursday, December 19th. Six analysts have rated the stock with a hold rating, three have assigned a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $72.42.

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.