514 Shares in TotalEnergies SE (NYSE:TTE) Acquired by NewSquare Capital LLC

NewSquare Capital LLC acquired a new stake in shares of TotalEnergies SE (NYSE:TTE) in the fourth quarter, HoldingsChannel reports. The firm acquired 514 shares of the company’s stock, valued at approximately $35,000.

Several other hedge funds also recently bought and sold shares of the business. FMR LLC increased its stake in TotalEnergies by 0.4% in the 3rd quarter. FMR LLC now owns 12,364,753 shares of the company’s stock worth $813,106,000 after buying an additional 52,562 shares during the period. Ameriprise Financial Inc. boosted its holdings in shares of TotalEnergies by 3.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 3,648,282 shares of the company’s stock valued at $241,480,000 after acquiring an additional 129,960 shares during the last quarter. American Century Companies Inc. grew its position in TotalEnergies by 0.4% during the 3rd quarter. American Century Companies Inc. now owns 3,160,760 shares of the company’s stock worth $207,852,000 after purchasing an additional 11,094 shares during the period. Envestnet Asset Management Inc. raised its position in TotalEnergies by 27.1% during the third quarter. Envestnet Asset Management Inc. now owns 2,765,323 shares of the company’s stock valued at $181,848,000 after acquiring an additional 590,372 shares in the last quarter. Finally, Royal Bank of Canada raised its position in shares of TotalEnergies by 8.8% in the third quarter. Royal Bank of Canada now owns 2,405,524 shares of the company’s stock worth $158,186,000 after acquiring an additional 194,228 shares during the period. Institutional investors own 13.22% of the company’s stock.

TotalEnergies Price Performance

TTE stock opened at $72.76 on Thursday. The stock has a market cap of $171.11 billion, a price-to-earnings ratio of 8.39, a PEG ratio of 1.64 and a beta of 0.72. TotalEnergies SE has a fifty-two week low of $54.94 and a fifty-two week high of $74.06. The company has a quick ratio of 0.90, a current ratio of 1.12 and a debt-to-equity ratio of 0.34. The business has a 50 day moving average price of $68.36 and a 200 day moving average price of $67.05.

TotalEnergies (NYSE:TTE) last posted its 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). The firm had revenue of $54.77 billion for the quarter, compared to analyst estimates of $55.14 billion. TotalEnergies had a return on equity of 19.61% and a net margin of 9.19%. During the same quarter last year, the firm posted $2.97 EPS. Equities research analysts anticipate that TotalEnergies SE will post 9.32 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently commented on the company. Piper Sandler increased their price objective on TotalEnergies from $75.00 to $79.00 and gave the company a “neutral” rating in a research note on Thursday, April 18th. Scotiabank upped their target price on shares of TotalEnergies from $74.00 to $86.00 and gave the company a “sector perform” rating in a research report on Thursday, April 11th. Six analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $70.75.

Insider Buying and Selling

In other TotalEnergies news, Director Se Totalenergies acquired 196,964 shares of the company’s stock in a transaction on Thursday, March 28th. The shares were bought at an average cost 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 approximately $6,749,072.10. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

About TotalEnergies

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.