Argonautica Private Wealth Management Inc. Increases Stock Holdings in TotalEnergies SE (NYSE:TTE)

Argonautica Private Wealth Management Inc. boosted its position in TotalEnergies SE (NYSE:TTE) by 7.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,611 shares of the company’s stock after buying an additional 409 shares during the quarter. Argonautica Private Wealth Management Inc.’s holdings in TotalEnergies were worth $306,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Venturi Wealth Management LLC grew its stake in TotalEnergies by 0.6% in the third quarter. Venturi Wealth Management LLC now owns 27,751 shares of the company’s stock worth $1,793,000 after purchasing an additional 165 shares in the last quarter. Integrated Wealth Concepts LLC grew its position in shares of TotalEnergies by 1.0% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 16,795 shares of the company’s stock worth $1,085,000 after acquiring an additional 169 shares in the last quarter. Tradition Wealth Management LLC raised its position in shares of TotalEnergies by 2.5% during the 3rd quarter. Tradition Wealth Management LLC now owns 7,124 shares of the company’s stock valued at $460,000 after acquiring an additional 171 shares in the last quarter. Apollon Wealth Management LLC raised its position in shares of TotalEnergies by 4.1% during the 4th quarter. Apollon Wealth Management LLC now owns 4,448 shares of the company’s stock valued at $242,000 after acquiring an additional 174 shares in the last quarter. Finally, Continuum Advisory LLC lifted its stake in TotalEnergies by 70.4% during the third quarter. Continuum Advisory LLC now owns 443 shares of the company’s stock worth $27,000 after purchasing an additional 183 shares during the last quarter. Institutional investors and hedge funds own 16.53% of the company’s stock.

Analyst Ratings Changes

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

TotalEnergies Stock Performance

Shares of TTE opened at $60.48 on Wednesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.10 and a quick ratio of 0.88. The firm’s 50 day moving average is $57.99 and its 200-day moving average is $62.03. TotalEnergies SE has a 12-month low of $53.29 and a 12-month high of $74.97. The stock has a market capitalization of $142.81 billion, a P/E ratio of 9.08, a P/E/G ratio of 0.98 and a beta of 0.61.

TotalEnergies (NYSE:TTE) last posted its quarterly earnings results 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 research analysts anticipate that TotalEnergies SE will post 8.02 EPS for the current fiscal year.

TotalEnergies 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.