TotalEnergies SE (NYSE:TTE) Stock Holdings Increased by Gallacher Capital Management LLC

Gallacher Capital Management LLC grew its holdings in shares of TotalEnergies SE (NYSE:TTE) by 18.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 4,719 shares of the company’s stock after acquiring an additional 745 shares during the quarter. Gallacher Capital Management LLC’s holdings in TotalEnergies were worth $318,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of TTE. Envestnet Asset Management Inc. increased its stake in TotalEnergies by 27.1% during the 3rd quarter. Envestnet Asset Management Inc. now owns 2,765,323 shares of the company’s stock valued at $181,848,000 after buying an additional 590,372 shares during the period. International Assets Investment Management LLC raised its holdings in TotalEnergies by 6,549.9% during the fourth quarter. International Assets Investment Management LLC now owns 503,396 shares of the company’s stock worth $33,919,000 after purchasing an additional 495,826 shares in the last quarter. Natixis Advisors L.P. lifted its position in TotalEnergies by 29.4% in the fourth quarter. Natixis Advisors L.P. now owns 1,988,119 shares of the company’s stock worth $133,959,000 after purchasing an additional 451,597 shares during the period. HighTower Advisors LLC lifted its position in TotalEnergies by 207.8% in the third quarter. HighTower Advisors LLC now owns 667,732 shares of the company’s stock worth $43,934,000 after purchasing an additional 450,788 shares during the period. Finally, Fisher Asset Management LLC boosted its stake in TotalEnergies by 2.0% during the 4th quarter. Fisher Asset Management LLC now owns 21,184,792 shares of the company’s stock valued at $1,427,431,000 after purchasing an additional 419,487 shares in the last quarter. Institutional investors own 13.22% of the company’s stock.

Insider Buying and Selling at TotalEnergies

In other TotalEnergies news, Director Se Totalenergies bought 196,964 shares of the firm’s stock in a transaction dated Thursday, March 28th. The stock was acquired at an average price of $22.86 per share, with a total value of $4,502,597.04. Following the completion of the transaction, the director now directly owns 295,235 shares in the company, valued at approximately $6,749,072.10. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Wall Street Analysts Forecast Growth

TTE has been the topic of a number of 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 shares of TotalEnergies from $75.00 to $79.00 and gave the company a “neutral” rating in a report on Thursday, April 18th. Six analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $70.75.

TotalEnergies Trading Up 0.6 %

TTE traded up $0.40 during trading on Monday, reaching $72.03. The company had a trading volume of 1,079,082 shares, compared to its average volume of 1,665,087. The firm’s 50-day simple moving average is $69.56 and its 200 day simple moving average is $67.39. 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 company has a market cap of $169.39 billion, a price-to-earnings ratio of 8.14, a PEG ratio of 1.78 and a beta of 0.70. TotalEnergies SE has a 12-month low of $54.94 and a 12-month high of $74.97.

TotalEnergies (NYSE:TTE) last released its earnings results on Wednesday, February 7th. The company reported $2.16 earnings per share for the quarter, missing the consensus estimate of $2.43 by ($0.27). The firm had revenue of $54.77 billion during the quarter, compared to analysts’ expectations of $55.14 billion. TotalEnergies had a return on equity of 18.30% and a net margin of 9.52%. During the same period last year, the business earned $2.97 earnings per share. Equities research analysts anticipate that TotalEnergies SE will post 9.18 earnings per share for the current year.

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.