Priebe Wealth Holdings LLC Takes Position in TotalEnergies SE (NYSE:TTE)

Priebe Wealth Holdings LLC bought a new stake in shares of TotalEnergies SE (NYSE:TTE) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 4,247 shares of the company’s stock, valued at approximately $286,000.

Other large investors also recently added to or reduced their stakes in the company. Motco raised its stake in 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 during the period. Arlington Trust Co LLC acquired a new position in shares of TotalEnergies in the third quarter worth $31,000. Fortis Capital Advisors LLC acquired a new position in shares of TotalEnergies in the fourth quarter worth $32,000. SRS Capital Advisors Inc. acquired a new position in shares of TotalEnergies in the third quarter worth $36,000. Finally, BKM Wealth Management LLC acquired a new position in shares of TotalEnergies in the fourth quarter worth $38,000. 13.22% of the stock is owned by institutional investors and hedge funds.

TotalEnergies Trading Down 0.6 %

TotalEnergies stock opened at $72.94 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.12 and a quick ratio of 0.90. The company has a market capitalization of $171.53 billion, a price-to-earnings ratio of 8.41, a PEG ratio of 1.79 and a beta of 0.72. TotalEnergies SE has a one year low of $54.94 and a one year high of $74.06. The company’s fifty day moving average price is $66.94 and its two-hundred day moving average price is $66.58.

TotalEnergies (NYSE:TTE) last released its quarterly earnings results 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). TotalEnergies had a net margin of 9.19% and a return on equity of 19.61%. The firm had revenue of $54.77 billion for the quarter, compared to the consensus estimate of $55.14 billion. During the same quarter last year, the company earned $2.97 earnings per share. On average, analysts forecast that TotalEnergies SE will post 9.22 earnings per share for the current fiscal year.

Insider Activity at TotalEnergies

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on TTE shares. Scotiabank upped their price target on shares of TotalEnergies from $74.00 to $86.00 and gave the stock a “sector perform” rating in a research note on Thursday. Piper Sandler dropped their price target on shares of TotalEnergies from $76.00 to $75.00 and set a “neutral” rating on the stock in a research note on Thursday, March 14th. Six research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $69.75.

TotalEnergies Company Profile

TotalEnergies SE, a multi-energy company, produces and markets fuels, natural gas, and electricity in France, rest of Europe, North America, Africa, and internationally. It operates through Integrated Gas, Renewables & Power; Exploration & Production; Refining & Chemicals; and Marketing & Services segments.