FCA Corp TX Buys Shares of 2,000 TotalEnergies SE (NYSE:TTE)

FCA Corp TX acquired a new position in TotalEnergies SE (NYSE:TTE) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 2,000 shares of the company’s stock, valued at approximately $109,000.

Several other large investors also recently bought and sold shares of TTE. FSA Wealth Management LLC acquired a new position in shares of TotalEnergies in the 3rd quarter valued at $26,000. Continuum Advisory LLC grew its holdings 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 purchasing an additional 183 shares during the period. Asset Planning Inc purchased a new stake in shares of TotalEnergies in the fourth quarter valued at about $31,000. HHM Wealth Advisors LLC lifted its position in TotalEnergies by 156.3% in the fourth quarter. HHM Wealth Advisors LLC now owns 656 shares of the company’s stock valued at $36,000 after buying an additional 400 shares during the last quarter. Finally, Versant Capital Management Inc acquired a new position in TotalEnergies in the fourth quarter valued at about $45,000. Hedge funds and other institutional investors own 16.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on TTE shares. Morgan Stanley reaffirmed 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 lowered shares of TotalEnergies from an “outperform” rating to a “neutral” rating in a research report on Wednesday, November 27th. Royal Bank of Canada upgraded shares of TotalEnergies from a “sector perform” rating to an “outperform” rating in a research report on Thursday, December 5th. Redburn Atlantic raised shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 23rd. Finally, Piper Sandler dropped their target price on shares of TotalEnergies from $77.00 to $62.00 and set a “neutral” rating for the company in a report on Thursday, December 19th. Six 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.com, TotalEnergies currently has an average rating of “Moderate Buy” and an average target price of $72.42.

TotalEnergies Stock Down 1.0 %

TTE stock opened at $63.39 on Friday. TotalEnergies SE has a 52-week low of $53.29 and a 52-week high of $74.97. The company’s 50 day simple moving average is $60.36 and its 200-day simple moving average is $61.18. 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 has a market capitalization of $151.99 billion, a P/E ratio of 9.52, a P/E/G ratio of 0.98 and a beta of 0.56.

TotalEnergies (NYSE:TTE) last announced its quarterly 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, equities research analysts anticipate that TotalEnergies SE will post 8.02 EPS for the current 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.