GWN Securities Inc. Takes $288,000 Position in TotalEnergies SE (NYSE:TTE)

GWN Securities Inc. purchased a new stake in TotalEnergies SE (NYSE:TTE) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 4,905 shares of the company’s stock, valued at approximately $288,000.

Other hedge funds also recently made changes to their positions in the company. Integrated Wealth Concepts LLC boosted its stake in TotalEnergies by 1.0% during the third quarter. Integrated Wealth Concepts LLC now owns 16,795 shares of the company’s stock valued at $1,085,000 after buying an additional 169 shares during the period. Tradition Wealth Management LLC lifted its stake in TotalEnergies by 2.5% during the third quarter. Tradition Wealth Management LLC now owns 7,124 shares of the company’s stock worth $460,000 after purchasing an additional 171 shares during the last quarter. Apollon Wealth Management LLC lifted its stake in shares of TotalEnergies by 4.1% in 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 during the last quarter. Continuum Advisory LLC lifted its stake in shares of 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 acquiring an additional 183 shares during the last quarter. Finally, First Horizon Advisors Inc. lifted its stake in shares of TotalEnergies by 9.1% in the 4th quarter. First Horizon Advisors Inc. now owns 2,217 shares of the company’s stock valued at $121,000 after acquiring an additional 184 shares during the last quarter. 16.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

TotalEnergies Stock Performance

Shares of TTE opened at $62.81 on Tuesday. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.36. The business’s 50 day moving average price is $59.81 and its 200-day moving average price is $61.26. TotalEnergies SE has a 52 week low of $53.29 and a 52 week high of $74.97. The stock has a market cap of $150.59 billion, a P/E ratio of 9.43, a P/E/G ratio of 0.98 and a beta of 0.56.

TotalEnergies (NYSE:TTE) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $1.90 EPS for the quarter, topping analysts’ consensus estimates of $1.74 by $0.16. TotalEnergies had a return on equity of 15.22% and a net margin of 7.34%. Equities research analysts anticipate that TotalEnergies SE will post 8.02 earnings per share 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.