TotalEnergies SE (NYSE:TTE) Shares Acquired by Procyon Advisors LLC

Procyon Advisors LLC increased its holdings in shares of TotalEnergies SE (NYSE:TTE) by 27.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,184 shares of the company’s stock after purchasing an additional 3,685 shares during the period. Procyon Advisors LLC’s holdings in TotalEnergies were worth $1,183,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Cerity Partners LLC raised its stake in TotalEnergies by 49.9% during the 4th quarter. Cerity Partners LLC now owns 53,019 shares of the company’s stock valued at $3,578,000 after acquiring an additional 17,658 shares during the last quarter. Cloverfields Capital Group LP grew its position in TotalEnergies by 30.1% in the 4th quarter. Cloverfields Capital Group LP now owns 52,163 shares of the company’s stock valued at $3,515,000 after buying an additional 12,072 shares during the last quarter. Capital Wealth Planning LLC grew its position in TotalEnergies by 94.8% in the 4th quarter. Capital Wealth Planning LLC now owns 38,420 shares of the company’s stock valued at $2,589,000 after buying an additional 18,699 shares during the last quarter. Townsend & Associates Inc increased its stake in TotalEnergies by 58.0% in the 4th quarter. Townsend & Associates Inc now owns 219,759 shares of the company’s stock valued at $14,117,000 after buying an additional 80,681 shares during the period. Finally, Benjamin F. Edwards & Company Inc. raised its position in TotalEnergies by 1,409.1% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 29,050 shares of the company’s stock worth $1,957,000 after buying an additional 27,125 shares during the last quarter. 13.22% of the stock is owned by hedge funds and other institutional investors.

TotalEnergies Price Performance

TotalEnergies stock traded up $0.37 during mid-day trading on Thursday, reaching $66.59. The company had a trading volume of 874,317 shares, compared to its average volume of 1,557,537. The stock’s 50-day simple moving average is $70.89 and its 200-day simple moving average is $68.31. TotalEnergies SE has a 1 year low of $54.94 and a 1 year high of $74.97. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.09 and a quick ratio of 0.87. The company has a market capitalization of $156.60 billion, a P/E ratio of 7.51, a P/E/G ratio of 1.69 and a beta of 0.67.

TotalEnergies (NYSE:TTE) last issued its quarterly earnings data on Friday, April 26th. The company reported $2.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.96 by $0.18. The firm had revenue of $56.28 billion during the quarter, compared to analysts’ expectations of $59.64 billion. TotalEnergies had a return on equity of 18.30% and a net margin of 9.52%. On average, equities analysts predict that TotalEnergies SE will post 9.16 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have recently issued reports on TTE shares. Scotiabank boosted 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. Piper Sandler increased their target price on TotalEnergies from $75.00 to $79.00 and gave the stock a “neutral” rating in a research note on Thursday, April 18th. Six research analysts have rated the stock with a hold rating, Based on data from MarketBeat, TotalEnergies has an average rating of “Hold” and an average price target 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.