Altrius Capital Management Inc Buys 11,160 Shares of TotalEnergies SE (NYSE:TTE)

Altrius Capital Management Inc lifted its stake in TotalEnergies SE (NYSE:TTE) by 9.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 132,553 shares of the company’s stock after acquiring an additional 11,160 shares during the quarter. TotalEnergies makes up approximately 1.9% of Altrius Capital Management Inc’s investment portfolio, making the stock its 16th largest position. Altrius Capital Management Inc’s holdings in TotalEnergies were worth $7,224,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. FSA Wealth Management LLC acquired a new position in shares of TotalEnergies during the 3rd quarter worth approximately $26,000. Continuum Advisory LLC grew its stake in shares of TotalEnergies by 70.4% in the third quarter. Continuum Advisory LLC now owns 443 shares of the company’s stock valued at $27,000 after buying an additional 183 shares in the last quarter. Asset Planning Inc acquired a new position in TotalEnergies during the fourth quarter worth $31,000. HHM Wealth Advisors LLC raised 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 acquiring an additional 400 shares in the last quarter. Finally, Versant Capital Management Inc acquired a new stake in TotalEnergies in the fourth quarter valued at $45,000. Institutional investors own 16.53% of the company’s stock.

Analyst Ratings Changes

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

TotalEnergies Trading Down 0.7 %

Shares of NYSE TTE opened at $60.05 on Friday. 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 firm has a 50 day moving average price of $58.25 and a two-hundred day moving average price of $62.00. The stock has a market cap of $141.80 billion, a P/E ratio of 9.02, a price-to-earnings-growth ratio of 0.98 and a beta of 0.61.

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

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.