Whipplewood Advisors LLC Takes $78,000 Position in TotalEnergies SE (NYSE:TTE)

Whipplewood Advisors LLC bought a new stake in shares of TotalEnergies SE (NYSE:TTE) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,427 shares of the company’s stock, valued at approximately $78,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Argonautica Private Wealth Management Inc. boosted its holdings in TotalEnergies by 7.9% in the 4th quarter. Argonautica Private Wealth Management Inc. now owns 5,611 shares of the company’s stock worth $306,000 after buying an additional 409 shares during the period. DMKC Advisory Services LLC bought a new position in TotalEnergies in the 4th quarter worth approximately $1,585,000. Todd Asset Management LLC boosted its holdings in TotalEnergies by 1.2% in the 4th quarter. Todd Asset Management LLC now owns 1,178,840 shares of the company’s stock worth $64,247,000 after buying an additional 13,503 shares during the period. Wrapmanager Inc. boosted its holdings in TotalEnergies by 22.4% in the 4th quarter. Wrapmanager Inc. now owns 6,336 shares of the company’s stock worth $345,000 after buying an additional 1,161 shares during the period. Finally, IFP Advisors Inc boosted its holdings in TotalEnergies by 25.8% in the 4th quarter. IFP Advisors Inc now owns 2,080 shares of the company’s stock worth $113,000 after buying an additional 426 shares during the period. 16.53% of the stock is owned by institutional investors.

TotalEnergies Stock Performance

TotalEnergies stock opened at $60.17 on Friday. TotalEnergies SE has a fifty-two week low of $53.29 and a fifty-two week high of $74.97. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.88 and a current ratio of 1.10. The stock has a market cap of $142.09 billion, a P/E ratio of 9.03, a price-to-earnings-growth ratio of 0.98 and a beta of 0.61. The firm’s fifty day moving average price is $58.37 and its 200-day moving average price is $61.95.

TotalEnergies (NYSE:TTE) last posted its quarterly earnings data 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 net margin of 7.34% and a return on equity of 15.22%. On average, equities research analysts expect that TotalEnergies SE will post 8.02 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Piper Sandler cut their price objective 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. Redburn Atlantic raised shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 23rd. Morgan Stanley reaffirmed an “equal weight” rating and issued a $64.10 price objective (down from $70.40) on shares of TotalEnergies in a report on Tuesday, January 7th. BNP Paribas cut shares of TotalEnergies from an “outperform” rating to a “neutral” rating in a research note on Wednesday, November 27th. Finally, Royal Bank of Canada upgraded shares of TotalEnergies from a “sector perform” rating to an “outperform” rating in a research note on Thursday, December 5th. Six research analysts have rated the stock with a hold rating, two have issued a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $72.42.

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.