Kestra Private Wealth Services LLC Has $1.25 Million Holdings in TotalEnergies SE (NYSE:TTE)

Kestra Private Wealth Services LLC raised its position in shares of TotalEnergies SE (NYSE:TTE) by 1.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,496 shares of the company’s stock after acquiring an additional 179 shares during the period. Kestra Private Wealth Services LLC’s holdings in TotalEnergies were worth $1,246,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. FMR LLC boosted its stake in TotalEnergies by 0.4% in the 3rd quarter. FMR LLC now owns 12,364,753 shares of the company’s stock valued at $813,106,000 after purchasing an additional 52,562 shares during the period. Ameriprise Financial Inc. grew its stake in shares of TotalEnergies by 3.7% in the third quarter. Ameriprise Financial Inc. now owns 3,648,282 shares of the company’s stock valued at $241,480,000 after acquiring an additional 129,960 shares in the last quarter. American Century Companies Inc. increased its position in TotalEnergies by 0.4% during the third quarter. American Century Companies Inc. now owns 3,160,760 shares of the company’s stock worth $207,852,000 after acquiring an additional 11,094 shares during the period. Envestnet Asset Management Inc. raised its stake in TotalEnergies by 27.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 2,765,323 shares of the company’s stock worth $181,848,000 after purchasing an additional 590,372 shares in the last quarter. Finally, Royal Bank of Canada grew its position in shares of TotalEnergies by 8.8% during the 3rd quarter. Royal Bank of Canada now owns 2,405,524 shares of the company’s stock worth $158,186,000 after purchasing an additional 194,228 shares in the last quarter. Institutional investors and hedge funds own 13.22% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Piper Sandler lifted their price target on shares of TotalEnergies from $75.00 to $79.00 and gave the company a “neutral” rating in a research report on Thursday, April 18th. Scotiabank raised 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. Six investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $70.75.

Insider Buying and Selling at TotalEnergies

In related news, Director Se Totalenergies bought 196,964 shares of the company’s stock in a transaction dated Thursday, March 28th. The stock was purchased at an average price of $22.86 per share, with a total value of $4,502,597.04. Following the completion of the acquisition, the director now owns 295,235 shares of the company’s stock, valued at $6,749,072.10. The purchase was disclosed in a document filed with the SEC, which is available through this link.

TotalEnergies Stock Performance

Shares of TotalEnergies stock opened at $71.63 on Friday. TotalEnergies SE has a 1-year low of $54.94 and a 1-year high of $74.97. The company has a market cap of $168.45 billion, a PE ratio of 8.08, a price-to-earnings-growth ratio of 1.78 and a beta of 0.70. The company has a current ratio of 1.09, a quick ratio of 0.90 and a debt-to-equity ratio of 0.31. The company has a 50 day moving average of $69.42 and a 200-day moving average of $67.35.

TotalEnergies (NYSE:TTE) last issued its earnings results 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 net margin of 9.52% and a return on equity of 18.30%. The business had revenue of $54.77 billion during the quarter, compared to analyst estimates of $55.14 billion. During the same period in the prior year, the business posted $2.97 EPS. As a group, equities research analysts forecast that TotalEnergies SE will post 9.18 earnings per share for the current fiscal year.

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.