Snowden Capital Advisors LLC Acquires 205 Shares of TotalEnergies SE (NYSE:TTE)

Snowden Capital Advisors LLC lifted its holdings in shares of TotalEnergies SE (NYSE:TTE) by 0.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,441 shares of the company’s stock after purchasing an additional 205 shares during the period. Snowden Capital Advisors LLC’s holdings in TotalEnergies were worth $1,407,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. Apollon Wealth Management LLC raised its stake 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 worth $242,000 after purchasing an additional 174 shares during the period. First Horizon Advisors Inc. raised its stake 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 worth $121,000 after purchasing an additional 184 shares during the period. FSM Wealth Advisors LLC raised its stake 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 worth $333,000 after purchasing an additional 187 shares during the period. Wilmington Savings Fund Society FSB raised its stake 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 worth $266,000 after purchasing an additional 207 shares during the period. Finally, Cetera Trust Company N.A raised its stake in shares of TotalEnergies by 5.7% during the 4th quarter. Cetera Trust Company N.A now owns 4,090 shares of the company’s stock worth $223,000 after purchasing an additional 220 shares during the period. 16.53% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on TTE shares. BNP Paribas upgraded TotalEnergies from a “neutral” rating to an “outperform” rating in a research note on Tuesday, April 15th. Dbs Bank upgraded TotalEnergies from a “hold” rating to a “buy” rating in a research note on Wednesday, May 7th. Citigroup upgraded shares of TotalEnergies from a “neutral” rating to a “buy” rating in a research report on Wednesday, March 26th. Redburn Atlantic upgraded shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 23rd. Finally, 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 research note on Friday, April 11th. Four analysts have rated the stock with a hold rating, seven have given a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $69.36.

TotalEnergies Price Performance

TTE opened at $59.66 on Monday. 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 company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.36. The firm has a 50-day moving average price of $59.70 and a 200-day moving average price of $58.97. TotalEnergies SE has a twelve month low of $52.78 and a twelve month high of $73.12.

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