Simplicity Solutions LLC Raises Stock Position in TotalEnergies SE (NYSE:TTE)

Simplicity Solutions LLC raised its holdings in shares of TotalEnergies SE (NYSE:TTE) by 7.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 59,392 shares of the company’s stock after acquiring an additional 4,113 shares during the quarter. Simplicity Solutions LLC’s holdings in TotalEnergies were worth $4,002,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of the business. Motco raised its position in shares of 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 bought a new stake in shares of TotalEnergies during the 3rd quarter valued at $31,000. Fortis Capital Advisors LLC bought a new stake in shares of TotalEnergies during the 4th quarter valued at $32,000. SRS Capital Advisors Inc. bought a new stake in shares of TotalEnergies during the 3rd quarter valued at $36,000. Finally, BKM Wealth Management LLC bought a new stake in shares of TotalEnergies during the 4th quarter valued at $38,000. Hedge funds and other institutional investors own 13.22% of the company’s stock.

Insider Transactions at TotalEnergies

In other TotalEnergies news, Director Se Totalenergies bought 196,964 shares of TotalEnergies stock in a transaction dated Thursday, March 28th. The shares were purchased at an average cost 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 in the company, valued at approximately $6,749,072.10. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website.

TotalEnergies Price Performance

Shares of TotalEnergies stock traded down $0.46 during trading hours on Friday, reaching $72.49. The company’s stock had a trading volume of 974,783 shares, compared to its average volume of 1,434,416. The firm has a 50 day moving average price of $67.10 and a 200-day moving average price of $66.62. TotalEnergies SE has a one year low of $54.94 and a one year high of $74.06. 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 stock has a market cap of $170.48 billion, a P/E ratio of 8.36, a P/E/G ratio of 1.78 and a beta of 0.72.

TotalEnergies (NYSE:TTE) last posted its earnings results on Wednesday, February 7th. The company reported $2.16 earnings per share 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 business had revenue of $54.77 billion during the quarter, compared to the consensus estimate of $55.14 billion. During the same quarter last year, the firm earned $2.97 earnings per share. On average, analysts predict that TotalEnergies SE will post 9.22 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Piper Sandler decreased their price objective on shares of TotalEnergies from $76.00 to $75.00 and set a “neutral” rating on the stock in a research report on Thursday, March 14th. Scotiabank lifted their price target on shares of TotalEnergies from $74.00 to $86.00 and gave the company a “sector perform” rating in a report on Thursday. Six equities research analysts have rated the stock with a hold rating, According to MarketBeat, the company currently has an average rating of “Hold” and a consensus 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.