SVB Wealth LLC Takes Position in TotalEnergies SE (NYSE:TTE)

SVB Wealth LLC purchased a new stake in shares of TotalEnergies SE (NYSE:TTE) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 5,071 shares of the company’s stock, valued at approximately $276,000.

Several other institutional investors have also recently made changes to their positions in the company. Venturi Wealth Management LLC grew its stake in TotalEnergies by 0.6% in the third quarter. Venturi Wealth Management LLC now owns 27,751 shares of the company’s stock valued at $1,793,000 after purchasing an additional 165 shares during the last quarter. Integrated Wealth Concepts LLC grew its stake in TotalEnergies by 1.0% in the third quarter. Integrated Wealth Concepts LLC now owns 16,795 shares of the company’s stock valued at $1,085,000 after purchasing an additional 169 shares during the last quarter. Tradition Wealth Management LLC grew its stake in TotalEnergies by 2.5% in the third quarter. Tradition Wealth Management LLC now owns 7,124 shares of the company’s stock valued at $460,000 after purchasing an additional 171 shares during the last quarter. Apollon Wealth Management LLC grew its stake in TotalEnergies by 4.1% in the fourth quarter. Apollon Wealth Management LLC now owns 4,448 shares of the company’s stock valued at $242,000 after purchasing an additional 174 shares during the last quarter. Finally, Continuum Advisory LLC grew its stake in TotalEnergies by 70.4% in the third quarter. Continuum Advisory LLC now owns 443 shares of the company’s stock valued at $27,000 after purchasing an additional 183 shares during the last quarter. Hedge funds and other institutional investors own 16.53% of the company’s stock.

TotalEnergies Price Performance

Shares of NYSE TTE opened at $61.02 on Thursday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.88 and a current ratio of 1.10. The company has a market cap of $146.32 billion, a PE ratio of 9.16, a P/E/G ratio of 0.98 and a beta of 0.61. The business has a 50-day simple moving average of $58.73 and a two-hundred day simple moving average of $61.75. TotalEnergies SE has a fifty-two week low of $53.29 and a fifty-two week high of $74.97.

TotalEnergies (NYSE:TTE) last released its earnings results on Wednesday, February 5th. The company reported $1.90 EPS for the quarter, topping analysts’ consensus estimates of $1.74 by $0.16. TotalEnergies had a return on equity of 15.22% and a net margin of 7.34%. As a group, equities analysts expect that TotalEnergies SE will post 8.02 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on TTE. Morgan Stanley reiterated an “equal weight” rating and issued a $64.10 target price (down previously from $70.40) on shares of TotalEnergies in a research note on Tuesday, January 7th. Piper Sandler cut their target price on TotalEnergies from $77.00 to $62.00 and set a “neutral” rating on the stock in a research note on Thursday, December 19th. Redburn Atlantic upgraded TotalEnergies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 23rd. BNP Paribas downgraded TotalEnergies from an “outperform” rating to a “neutral” rating in a report on Wednesday, November 27th. Finally, Royal Bank of Canada raised TotalEnergies from a “sector perform” rating to an “outperform” rating in a report on Thursday, December 5th. Six investment analysts have rated the stock with a hold rating, two have issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat, TotalEnergies currently has an average rating of “Moderate Buy” and an average price target of $72.42.

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.