First Trust Direct Indexing L.P. Has $3.56 Million Position in TotalEnergies SE (NYSE:TTE)

First Trust Direct Indexing L.P. raised its position in shares of TotalEnergies SE (NYSE:TTE) by 20.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 52,844 shares of the company’s stock after purchasing an additional 8,794 shares during the quarter. First Trust Direct Indexing L.P.’s holdings in TotalEnergies were worth $3,561,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Key Financial Inc raised its stake in TotalEnergies by 139.0% during the 4th quarter. Key Financial Inc now owns 380 shares of the company’s stock valued at $26,000 after purchasing an additional 221 shares during the period. Evolution Advisers Inc. acquired a new position in shares of TotalEnergies in the fourth quarter worth $29,000. Arlington Trust Co LLC acquired a new position in shares of TotalEnergies in the third quarter worth $31,000. Motco increased its stake in shares of TotalEnergies by 216.2% in the third quarter. Motco now owns 468 shares of the company’s stock worth $31,000 after acquiring an additional 320 shares during the last quarter. Finally, NewSquare Capital LLC acquired a new position in shares of TotalEnergies in the fourth quarter worth $35,000. 13.22% of the stock is owned by institutional investors and hedge funds.

TotalEnergies Stock Down 1.1 %

NYSE:TTE traded down $0.81 during trading hours on Wednesday, reaching $71.66. The company’s stock had a trading volume of 894,434 shares, compared to its average volume of 1,688,524. The company has a market cap of $168.52 billion, a price-to-earnings ratio of 8.09, a price-to-earnings-growth ratio of 1.68 and a beta of 0.72. TotalEnergies SE has a one year low of $54.94 and a one year high of $74.97. The business’s 50-day moving average is $69.12 and its 200-day moving average is $67.29. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.09 and a quick ratio of 0.90.

TotalEnergies (NYSE:TTE) last issued its quarterly earnings data on Wednesday, February 7th. The company reported $2.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.43 by ($0.27). The business had revenue of $54.77 billion during the quarter, compared to the consensus estimate of $55.14 billion. TotalEnergies had a return on equity of 18.30% and a net margin of 9.52%. During the same quarter in the prior year, the company posted $2.97 earnings per share. Equities research analysts predict that TotalEnergies SE will post 9.28 EPS for the current year.

Insider Buying and Selling

In other news, Director Se Totalenergies purchased 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, for a total transaction of $4,502,597.04. Following the completion of the acquisition, the director now directly owns 295,235 shares of the company’s stock, valued at $6,749,072.10. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on TTE shares. Piper Sandler upped their price target on shares of TotalEnergies from $75.00 to $79.00 and gave the stock a “neutral” rating in a research note on Thursday, April 18th. Scotiabank upped their price target on shares of TotalEnergies from $74.00 to $86.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 11th. Six equities research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, TotalEnergies currently has a consensus rating of “Hold” and an average target price of $70.75.

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.