DMKC Advisory Services LLC Takes $1.59 Million Position in TotalEnergies SE (NYSE:TTE)

DMKC Advisory Services LLC bought a new position in shares of TotalEnergies SE (NYSE:TTE) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 29,074 shares of the company’s stock, valued at approximately $1,585,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TTE. FSA Wealth Management LLC acquired a new position in shares of TotalEnergies during the 3rd quarter worth about $26,000. Continuum Advisory LLC lifted its stake in TotalEnergies by 70.4% in the 3rd quarter. Continuum Advisory LLC now owns 443 shares of the company’s stock valued at $27,000 after purchasing an additional 183 shares during the last quarter. Asset Planning Inc bought a new position in TotalEnergies during the fourth quarter worth about $31,000. HHM Wealth Advisors LLC increased its position in TotalEnergies by 156.3% during the fourth quarter. HHM Wealth Advisors LLC now owns 656 shares of the company’s stock worth $36,000 after buying an additional 400 shares during the last quarter. Finally, Versant Capital Management Inc bought a new stake in TotalEnergies in the fourth quarter valued at approximately $45,000. 16.53% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on TTE shares. BNP Paribas downgraded TotalEnergies from an “outperform” rating to a “neutral” rating in a research note on Wednesday, November 27th. Morgan Stanley reaffirmed an “equal weight” rating and set a $64.10 price objective (down from $70.40) on shares of TotalEnergies in a research report on Tuesday, January 7th. Piper Sandler decreased their price objective on shares of TotalEnergies from $77.00 to $62.00 and set a “neutral” rating on the stock in a report on Thursday, December 19th. Redburn Atlantic upgraded shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 23rd. Finally, Royal Bank of Canada upgraded shares of TotalEnergies from a “sector perform” rating to an “outperform” rating in a research note on Thursday, December 5th. Six investment analysts have rated the stock with a hold rating, two have issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $72.42.

TotalEnergies Trading Down 0.3 %

TTE stock opened at $60.48 on Wednesday. TotalEnergies SE has a 52 week low of $53.29 and a 52 week high of $74.97. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.88 and a current ratio of 1.10. The company’s 50-day simple moving average is $57.99 and its 200 day simple moving average is $62.03. The company has a market capitalization of $142.81 billion, a PE ratio of 9.08, a price-to-earnings-growth ratio of 0.98 and a beta of 0.61.

TotalEnergies (NYSE:TTE) last announced its earnings results on Wednesday, February 5th. The company reported $1.90 EPS for the quarter, topping the consensus estimate of $1.74 by $0.16. TotalEnergies had a net margin of 7.34% and a return on equity of 15.22%. As a group, sell-side analysts anticipate that TotalEnergies SE will post 8.02 earnings per share 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.