Gilliland Jeter Wealth Management LLC Takes Position in TotalEnergies SE (NYSE:TTE)

Gilliland Jeter Wealth Management LLC acquired a new stake in TotalEnergies SE (NYSE:TTE) during the fourth quarter, HoldingsChannel reports. The firm acquired 3,000 shares of the company’s stock, valued at approximately $202,000.

A number of other hedge funds have also made changes to their positions in TTE. Key Financial Inc increased its holdings in shares of TotalEnergies by 139.0% in the 4th quarter. Key Financial Inc now owns 380 shares of the company’s stock valued at $26,000 after acquiring an additional 221 shares during the last quarter. Evolution Advisers Inc. purchased a new position in shares of TotalEnergies in the 4th quarter valued at about $29,000. Arlington Trust Co LLC purchased a new position in shares of TotalEnergies in the 3rd quarter valued at about $31,000. Motco increased its holdings in shares of TotalEnergies by 216.2% in the 3rd quarter. Motco now owns 468 shares of the company’s stock valued at $31,000 after acquiring an additional 320 shares during the last quarter. Finally, NewSquare Capital LLC purchased a new position in shares of TotalEnergies in the 4th quarter valued at about $35,000. Hedge funds and other institutional investors own 13.22% of the company’s stock.

Insiders Place Their Bets

In related news, Director Se Totalenergies acquired 196,964 shares of the firm’s stock in a transaction on Thursday, March 28th. The stock was bought at an average cost of $22.86 per share, with a total value of $4,502,597.04. Following the transaction, the director now owns 295,235 shares of the company’s stock, valued at $6,749,072.10. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

TotalEnergies Stock Performance

Shares of NYSE TTE traded up $0.81 during trading hours on Friday, reaching $74.56. The stock had a trading volume of 2,495,383 shares, compared to its average volume of 1,314,394. The firm has a market cap of $175.34 billion, a price-to-earnings ratio of 8.60, a PEG ratio of 1.66 and a beta of 0.72. The company has a current ratio of 1.12, a quick ratio of 0.90 and a debt-to-equity ratio of 0.34. TotalEnergies SE has a fifty-two week low of $54.94 and a fifty-two week high of $74.97. The firm has a 50-day moving average of $68.74 and a 200-day moving average of $67.16.

TotalEnergies (NYSE:TTE) last posted its quarterly earnings data on Wednesday, February 7th. The company reported $2.16 earnings per share for the quarter, missing analysts’ consensus estimates of $2.43 by ($0.27). TotalEnergies had a return on equity of 19.61% and a net margin of 9.19%. The company had revenue of $54.77 billion for the quarter, compared to analyst estimates of $55.14 billion. During the same period in the previous year, the business posted $2.97 earnings per share. Equities research analysts predict that TotalEnergies SE will post 9.32 earnings per share for the current year.

Analyst Ratings Changes

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

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.