Merit Financial Group LLC Has $402,000 Position in TotalEnergies SE (NYSE:TTE)

Merit Financial Group LLC raised its position in TotalEnergies SE (NYSE:TTE) by 81.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,971 shares of the company’s stock after acquiring an additional 2,687 shares during the quarter. Merit Financial Group LLC’s holdings in TotalEnergies were worth $402,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. 9258 Wealth Management LLC lifted its stake in shares of TotalEnergies by 18.8% during the 4th quarter. 9258 Wealth Management LLC now owns 3,894 shares of the company’s stock worth $262,000 after buying an additional 616 shares during the last quarter. Benjamin F. Edwards & Company Inc. lifted its stake in shares of 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. Natixis Advisors L.P. lifted its stake in shares of TotalEnergies by 29.4% during the 4th quarter. Natixis Advisors L.P. now owns 1,988,119 shares of the company’s stock worth $133,959,000 after buying an additional 451,597 shares during the last quarter. First Horizon Advisors Inc. lifted its stake in shares of TotalEnergies by 17.2% during the 4th quarter. First Horizon Advisors Inc. now owns 2,499 shares of the company’s stock worth $168,000 after buying an additional 366 shares during the last quarter. Finally, Fisher Asset Management LLC lifted its stake in shares of TotalEnergies by 2.0% during the 4th quarter. Fisher Asset Management LLC now owns 21,184,792 shares of the company’s stock worth $1,427,431,000 after buying an additional 419,487 shares during the last quarter. Institutional investors and hedge funds own 13.22% of the company’s stock.

Insider Buying and Selling

In related news, Director Se Totalenergies acquired 196,964 shares of the stock in a transaction that occurred on Thursday, March 28th. The stock was acquired at an average cost of $22.86 per share, for a total transaction of $4,502,597.04. Following the transaction, the director now directly owns 295,235 shares in the company, valued at $6,749,072.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

TotalEnergies Price Performance

Shares of NYSE:TTE opened at $71.94 on Wednesday. The firm has a 50 day moving average of $69.72 and a 200-day moving average of $67.42. The stock has a market capitalization of $169.18 billion, a PE ratio of 8.12, a PEG ratio of 1.78 and a beta of 0.70. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.31. TotalEnergies SE has a 12 month low of $54.94 and a 12 month high of $74.97.

TotalEnergies (NYSE:TTE) last released 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 company had revenue of $54.77 billion for the quarter, compared to analyst estimates 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 earned $2.97 earnings per share. On average, equities research analysts predict that TotalEnergies SE will post 9.18 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Piper Sandler raised their target price 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 lifted their price objective 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 MarketBeat.com, the stock presently 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.