Tower Research Capital LLC TRC Makes New $31,000 Investment in TotalEnergies SE (NYSE:TTE)

Tower Research Capital LLC TRC bought a new stake in TotalEnergies SE (NYSE:TTE) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 459 shares of the company’s stock, valued at approximately $31,000.

Several other large investors have also modified their holdings of the stock. Fisher Asset Management LLC lifted its position in shares of TotalEnergies by 2.0% in 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. FMR LLC raised its position in shares of TotalEnergies by 0.4% during the 3rd quarter. FMR LLC now owns 12,364,753 shares of the company’s stock worth $813,106,000 after purchasing an additional 52,562 shares during the period. Wells Fargo & Company MN increased its position in TotalEnergies by 1.0% in the fourth quarter. Wells Fargo & Company MN now owns 6,920,067 shares of the company’s stock worth $466,274,000 after buying an additional 70,394 shares during the period. Capital International Investors boosted its holdings in shares of TotalEnergies by 1.8% during the fourth quarter. Capital International Investors now owns 4,758,038 shares of the company’s stock valued at $318,408,000 after acquiring an additional 85,969 shares during the period. Finally, Ameriprise Financial Inc. boosted its stake in TotalEnergies by 3.7% during the 3rd quarter. Ameriprise Financial Inc. now owns 3,648,282 shares of the company’s stock valued at $241,480,000 after purchasing an additional 129,960 shares during the period. Institutional investors own 13.22% of the company’s stock.

Insiders Place Their Bets

In related news, Director Se Totalenergies bought 196,964 shares of the business’s stock in a transaction dated Thursday, March 28th. The shares were bought at an average cost of $22.86 per share, with a total value of $4,502,597.04. Following the completion of the transaction, 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink.

TotalEnergies Price Performance

Shares of TotalEnergies stock traded up $0.23 on Friday, hitting $71.63. The company had a trading volume of 744,251 shares, compared to its average volume of 1,386,107. TotalEnergies SE has a 52 week low of $54.94 and a 52 week high of $74.97. The company has a market cap of $168.45 billion, a PE ratio of 8.08, a PEG ratio of 1.78 and a beta of 0.70. The business has a 50-day simple moving average of $69.56 and a 200-day simple moving average of $67.38. 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 results 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). TotalEnergies had a net margin of 9.52% and a return on equity of 18.30%. The firm had revenue of $54.77 billion for the quarter, compared to the consensus estimate of $55.14 billion. During the same period in the previous year, the business posted $2.97 earnings per share. Research analysts expect that TotalEnergies SE will post 9.18 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on TTE shares. Scotiabank lifted their price target 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 boosted their price target on TotalEnergies from $75.00 to $79.00 and gave the stock a “neutral” rating in a research report on Thursday, April 18th. Six analysts have rated the stock with a hold rating, According to MarketBeat, the company has an average rating of “Hold” and an average price target 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.