Signature Estate & Investment Advisors LLC Has $471,000 Position in TotalEnergies SE (NYSE:TTE)

Signature Estate & Investment Advisors LLC lifted its stake in shares of TotalEnergies SE (NYSE:TTE) by 37.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,645 shares of the company’s stock after purchasing an additional 2,370 shares during the quarter. Signature Estate & Investment Advisors LLC’s holdings in TotalEnergies were worth $471,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Thrivent Financial for Lutherans acquired a new position in shares of TotalEnergies during the third quarter worth $212,000. Massachusetts Financial Services Co. MA increased its holdings in TotalEnergies by 4.3% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 133,647 shares of the company’s stock worth $8,636,000 after purchasing an additional 5,481 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in TotalEnergies by 26.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 136,638 shares of the company’s stock valued at $8,830,000 after purchasing an additional 28,857 shares during the last quarter. Cerity Partners LLC boosted its stake in shares of TotalEnergies by 30.8% during the third quarter. Cerity Partners LLC now owns 167,345 shares of the company’s stock valued at $10,814,000 after purchasing an additional 39,400 shares in the last quarter. Finally, Kingsview Wealth Management LLC boosted its stake in shares of TotalEnergies by 5.4% during the third quarter. Kingsview Wealth Management LLC now owns 14,011 shares of the company’s stock valued at $905,000 after purchasing an additional 724 shares in the last quarter. 16.53% of the stock is currently owned by institutional investors and hedge funds.

TotalEnergies Stock Up 2.2 %

Shares of NYSE:TTE opened at $64.94 on Thursday. TotalEnergies SE has a 1 year low of $53.29 and a 1 year high of $74.97. 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 business’s 50-day moving average is $60.74 and its 200-day moving average is $61.12. The company has a market capitalization of $155.70 billion, a price-to-earnings ratio of 9.75, a P/E/G ratio of 0.98 and a beta of 0.56.

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 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 predict that TotalEnergies SE will post 8.02 earnings per share for the current year.

Wall Street Analyst Weigh In

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

About TotalEnergies

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.