Tidal Investments LLC Grows Stock Position in TotalEnergies SE (NYSE:TTE)

Tidal Investments LLC grew its holdings in shares of TotalEnergies SE (NYSE:TTE) by 227.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 205,561 shares of the company’s stock after purchasing an additional 142,869 shares during the quarter. Tidal Investments LLC’s holdings in TotalEnergies were worth $11,203,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Apollon Wealth Management LLC increased its position in shares of TotalEnergies by 4.1% during the 4th quarter. Apollon Wealth Management LLC now owns 4,448 shares of the company’s stock valued at $242,000 after purchasing an additional 174 shares during the last quarter. First Horizon Advisors Inc. increased 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 purchasing an additional 184 shares during the last quarter. FSM Wealth Advisors LLC increased its position 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 valued at $333,000 after purchasing an additional 187 shares during the last quarter. Snowden Capital Advisors LLC increased its position in shares of TotalEnergies by 0.8% during the 4th quarter. Snowden Capital Advisors LLC now owns 25,441 shares of the company’s stock valued at $1,407,000 after purchasing an additional 205 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB increased its position in shares of TotalEnergies by 4.4% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 4,889 shares of the company’s stock valued at $266,000 after purchasing an additional 207 shares during the last quarter. Hedge funds and other institutional investors own 16.53% of the company’s stock.

TotalEnergies Trading Up 0.8%

TTE stock 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 company has a debt-to-equity ratio of 0.36, a current ratio of 1.10 and a quick ratio of 0.88. The company has a market capitalization of $143.06 billion, a price-to-earnings ratio of 8.96, a PEG ratio of 0.98 and a beta of 0.58. The business has a 50 day simple moving average of $59.70 and a two-hundred day simple moving average of $58.97.

TotalEnergies (NYSE:TTE) last posted its earnings results on Wednesday, April 30th. The company reported $1.83 EPS for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.05). The firm had revenue of $47.90 billion for the quarter, compared to the consensus estimate of $41.23 billion. TotalEnergies had a net margin of 7.34% and a return on equity of 15.22%. During the same quarter in the prior year, the company posted $2.14 earnings per share. Research analysts anticipate that TotalEnergies SE will post 8.02 EPS for the current fiscal year.

Wall Street Analyst Weigh In

TTE has been the subject of several analyst reports. BNP Paribas raised shares of TotalEnergies from a “neutral” rating to an “outperform” rating in a report on Tuesday, April 15th. Scotiabank reduced their target price on shares of TotalEnergies from $65.00 to $60.00 and set a “sector perform” rating for the company in a report on Friday, April 11th. Redburn Atlantic raised shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 23rd. HSBC reissued a “buy” rating on shares of TotalEnergies in a report on Tuesday, May 13th. Finally, Citigroup raised shares of TotalEnergies from a “neutral” rating to a “buy” rating in a report on Wednesday, March 26th. Four research analysts have rated the stock with a hold rating, seven have given a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus 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.