Manchester Capital Management LLC Takes $206,000 Position in TotalEnergies SE (NYSE:TTE)

Manchester Capital Management LLC bought a new position in shares of TotalEnergies SE (NYSE:TTE) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,997 shares of the company’s stock, valued at approximately $206,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Key Financial Inc increased its holdings in shares of TotalEnergies by 139.0% during the 4th quarter. Key Financial Inc now owns 380 shares of the company’s stock worth $26,000 after buying an additional 221 shares during the last quarter. North Star Investment Management Corp. increased its stake in TotalEnergies by 310.0% during the first quarter. North Star Investment Management Corp. now owns 410 shares of the company’s stock worth $28,000 after acquiring an additional 310 shares during the last quarter. Evolution Advisers Inc. purchased a new position in shares of TotalEnergies in the 4th quarter worth about $29,000. Frazier Financial Advisors LLC acquired a new position in shares of TotalEnergies in the 4th quarter valued at about $30,000. Finally, Tower Research Capital LLC TRC purchased a new stake in shares of TotalEnergies during the 4th quarter worth about $31,000. 13.22% of the stock is owned by institutional investors and hedge funds.

TotalEnergies Stock Performance

Shares of NYSE TTE traded up $0.80 during trading on Friday, reaching $69.21. The stock had a trading volume of 179,379 shares, compared to its average volume of 1,518,279. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.87 and a current ratio of 1.09. The stock has a market cap of $163.44 billion, a PE ratio of 7.81, a P/E/G ratio of 1.70 and a beta of 0.64. TotalEnergies SE has a one year low of $57.01 and a one year high of $74.97. The firm’s 50 day moving average price is $70.01 and its two-hundred day moving average price is $68.40.

TotalEnergies (NYSE:TTE) last released its earnings results on Friday, April 26th. The company reported $2.14 earnings per share for the quarter, beating the consensus estimate of $1.96 by $0.18. The firm had revenue of $56.28 billion during the quarter, compared to analyst estimates of $59.64 billion. TotalEnergies had a net margin of 9.52% and a return on equity of 18.30%. On average, research analysts forecast that TotalEnergies SE will post 9.16 earnings per share for the current fiscal year.

Analyst Ratings Changes

TTE has been the topic of a number of recent research reports. Scotiabank boosted their price objective on TotalEnergies from $74.00 to $86.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 11th. Piper Sandler upped their price target on TotalEnergies from $75.00 to $79.00 and gave the stock a “neutral” rating in a report on Thursday, April 18th. Six equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $70.75.

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.