HUB Investment Partners LLC Invests $208,000 in TotalEnergies SE (NYSE:TTE)

HUB Investment Partners LLC bought a new stake in TotalEnergies SE (NYSE:TTE) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 3,825 shares of the company’s stock, valued at approximately $208,000.

Other institutional investors have also recently added to or reduced their stakes in the company. FSA Wealth Management LLC acquired a new stake in TotalEnergies in the 3rd quarter valued at approximately $26,000. Continuum Advisory LLC increased its holdings 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 acquired a new stake in TotalEnergies in the 4th quarter valued at approximately $31,000. HHM Wealth Advisors LLC increased its holdings in TotalEnergies by 156.3% in the 4th quarter. HHM Wealth Advisors LLC now owns 656 shares of the company’s stock valued at $36,000 after purchasing an additional 400 shares during the last quarter. Finally, Versant Capital Management Inc acquired a new stake in TotalEnergies in the 4th quarter valued at approximately $45,000. Institutional investors and hedge funds own 16.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on TTE. Morgan Stanley reiterated an “equal weight” rating and issued a $64.10 target price (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 note on Wednesday, November 27th. Piper Sandler dropped their price target on shares of TotalEnergies from $77.00 to $62.00 and set a “neutral” rating for the company in a research note on Thursday, December 19th. 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. Finally, Redburn Atlantic upgraded shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 23rd. 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 stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $72.42.

TotalEnergies Price Performance

TotalEnergies stock opened at $63.39 on Friday. The stock has a market cap of $151.99 billion, a P/E ratio of 9.52, a price-to-earnings-growth ratio of 0.98 and a beta of 0.56. The company has a fifty day simple moving average of $60.36 and a 200-day simple moving average of $61.18. TotalEnergies SE has a 12-month low of $53.29 and a 12-month high of $74.97. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.36.

TotalEnergies (NYSE:TTE) last released its quarterly earnings data on Wednesday, February 5th. The company reported $1.90 earnings per share (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%. Equities analysts expect that TotalEnergies SE will post 8.02 EPS for the current fiscal 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.