3,000 Shares in TotalEnergies SE (NYSE:TTE) Bought by Gilliland Jeter Wealth Management LLC

Gilliland Jeter Wealth Management LLC bought a new position in TotalEnergies SE (NYSE:TTE) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 3,000 shares of the company’s stock, valued at approximately $202,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of TTE. Key Financial Inc increased its stake in TotalEnergies by 139.0% in the fourth quarter. Key Financial Inc now owns 380 shares of the company’s stock worth $26,000 after purchasing an additional 221 shares during the period. Evolution Advisers Inc. purchased a new stake in TotalEnergies in the fourth quarter worth $29,000. Arlington Trust Co LLC purchased a new position in shares of TotalEnergies during the third quarter valued at $31,000. Motco increased its stake in shares of TotalEnergies by 216.2% during the third quarter. Motco now owns 468 shares of the company’s stock valued at $31,000 after buying an additional 320 shares during the period. Finally, NewSquare Capital LLC purchased a new position in shares of TotalEnergies during the fourth quarter valued at $35,000. Hedge funds and other institutional investors own 13.22% of the company’s stock.

TotalEnergies Stock Up 1.1 %

TTE stock traded up $0.81 during trading on Friday, reaching $74.56. 2,495,383 shares of the company traded hands, compared to its average volume of 1,314,394. TotalEnergies SE has a 12 month low of $54.94 and a 12 month high of $74.97. The business has a 50 day simple moving average of $68.74 and a 200 day simple moving average of $67.16. The company has a market capitalization of $175.34 billion, a price-to-earnings ratio of 8.60, a price-to-earnings-growth ratio of 1.66 and a beta of 0.72. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.90 and a current ratio of 1.12.

TotalEnergies (NYSE:TTE) last issued its quarterly earnings data 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 net margin of 9.19% and a return on equity of 19.61%. The company had revenue of $54.77 billion for the quarter, compared to the consensus estimate of $55.14 billion. During the same period in the previous year, the business earned $2.97 EPS. On average, equities research analysts anticipate that TotalEnergies SE will post 9.32 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

Insider Activity at TotalEnergies

In related news, Director Se Totalenergies acquired 196,964 shares of the company’s stock in a transaction that occurred on Thursday, March 28th. The shares were bought at an average price of $22.86 per share, with a total value of $4,502,597.04. Following the completion of the transaction, the director now directly owns 295,235 shares in the company, valued at $6,749,072.10. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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.