Parkside Financial Bank & Trust Boosts Stock Holdings in TotalEnergies SE (NYSE:TTE)

Parkside Financial Bank & Trust grew its holdings in TotalEnergies SE (NYSE:TTE) by 38.7% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 788 shares of the company’s stock after acquiring an additional 220 shares during the period. Parkside Financial Bank & Trust’s holdings in TotalEnergies were worth $53,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Cerity Partners LLC grew its stake in shares of TotalEnergies by 49.9% in the 4th quarter. Cerity Partners LLC now owns 53,019 shares of the company’s stock worth $3,578,000 after buying an additional 17,658 shares in the last quarter. Oppenheimer & Co. Inc. grew its stake in shares of TotalEnergies by 219.4% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 12,987 shares of the company’s stock worth $854,000 after buying an additional 8,921 shares in the last quarter. Main Street Research LLC purchased a new position in shares of TotalEnergies in the 3rd quarter worth $10,979,000. Mariner LLC grew its stake in shares of TotalEnergies by 9.6% in the 3rd quarter. Mariner LLC now owns 95,857 shares of the company’s stock worth $6,304,000 after buying an additional 8,400 shares in the last quarter. Finally, Sequoia Financial Advisors LLC grew its stake in shares of TotalEnergies by 12.3% in the 4th quarter. Sequoia Financial Advisors LLC now owns 16,385 shares of the company’s stock worth $1,104,000 after buying an additional 1,792 shares in the last quarter. 13.22% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Se Totalenergies acquired 196,964 shares of the firm’s stock in a transaction that occurred on Thursday, March 28th. The stock was bought at an average price of $22.86 per share, for a total transaction of $4,502,597.04. Following the acquisition, the director now directly owns 295,235 shares of the company’s stock, valued at approximately $6,749,072.10. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Scotiabank lifted their price objective on shares of TotalEnergies from $74.00 to $86.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 11th. Piper Sandler lifted their price target on shares of TotalEnergies from $75.00 to $79.00 and gave the stock a “neutral” rating in a research note on Thursday, April 18th. Six investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $70.75.

TotalEnergies Price Performance

TTE stock opened at $74.62 on Friday. TotalEnergies SE has a 12 month low of $54.94 and a 12 month high of $74.97. The company has a current ratio of 1.12, a quick ratio of 0.90 and a debt-to-equity ratio of 0.34. The company has a 50-day moving average price of $68.74 and a 200 day moving average price of $67.16. The stock has a market cap of $175.48 billion, a PE ratio of 8.61, a P/E/G ratio of 1.66 and a beta of 0.72.

TotalEnergies (NYSE:TTE) last released its quarterly earnings results on Wednesday, February 7th. The company reported $2.16 EPS for the quarter, missing analysts’ consensus estimates of $2.43 by ($0.27). TotalEnergies had a return on equity of 19.61% and a net margin of 9.19%. The firm had revenue of $54.77 billion for the quarter, compared to analysts’ expectations of $55.14 billion. During the same period in the prior year, the firm posted $2.97 earnings per share. Equities research analysts anticipate that TotalEnergies SE will post 9.32 earnings per share for the current year.

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.