Yousif Capital Management LLC Buys 1,470 Shares of TotalEnergies SE (NYSE:TTE)

Yousif Capital Management LLC raised its position in shares of TotalEnergies SE (NYSE:TTE) by 3.6% during the 4th quarter, HoldingsChannel.com reports. The fund owned 42,739 shares of the company’s stock after acquiring an additional 1,470 shares during the period. Yousif Capital Management LLC’s holdings in TotalEnergies were worth $2,880,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Cerity Partners LLC grew its stake in TotalEnergies by 49.9% in the fourth quarter. Cerity Partners LLC now owns 53,019 shares of the company’s stock worth $3,578,000 after purchasing an additional 17,658 shares during the period. Weatherly Asset Management L. P. grew its position in shares of TotalEnergies by 13.0% in the 4th quarter. Weatherly Asset Management L. P. now owns 65,106 shares of the company’s stock worth $4,438,000 after buying an additional 7,498 shares during the period. Oppenheimer & Co. Inc. increased its stake in shares of TotalEnergies by 219.4% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 12,987 shares of the company’s stock worth $854,000 after acquiring an additional 8,921 shares in the last quarter. Main Street Research LLC purchased a new position in TotalEnergies during the 3rd quarter valued at about $10,979,000. Finally, Mariner LLC boosted its stake in TotalEnergies by 9.6% during the third quarter. Mariner LLC now owns 95,857 shares of the company’s stock worth $6,304,000 after acquiring an additional 8,400 shares in the last quarter. Hedge funds and other institutional investors own 13.22% of the company’s stock.

Insider Activity

In other TotalEnergies news, Director Se Totalenergies acquired 196,964 shares of TotalEnergies stock in a transaction that occurred on Thursday, March 28th. The stock was bought at an average cost of $22.86 per share, for a total transaction of $4,502,597.04. Following 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 Securities & Exchange Commission, which is accessible through this link.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on TTE shares. Scotiabank raised their target price on shares of TotalEnergies from $74.00 to $86.00 and gave the company a “sector perform” rating in a research note on Thursday, April 11th. Piper Sandler raised their price objective on TotalEnergies from $75.00 to $79.00 and gave the company a “neutral” rating in a research report on Thursday, April 18th. Six research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, TotalEnergies presently has an average rating of “Hold” and an average target price of $70.75.

TotalEnergies Trading Up 1.1 %

Shares of NYSE TTE opened at $74.56 on Monday. The firm’s 50 day moving average price is $68.74 and its 200-day moving average price is $67.18. TotalEnergies SE has a 52-week low of $54.94 and a 52-week high of $74.97. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.90 and a current ratio of 1.12. The company has a market cap of $175.34 billion, a PE ratio of 8.42, a P/E/G ratio of 1.67 and a beta of 0.72.

TotalEnergies (NYSE:TTE) last announced its quarterly earnings data 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). The firm had revenue of $54.77 billion during the quarter, compared to analysts’ expectations of $55.14 billion. TotalEnergies had a return on equity of 18.41% and a net margin of 9.52%. During the same quarter in the previous year, the firm earned $2.97 earnings per share. On average, equities research analysts expect that TotalEnergies SE will post 9.32 EPS for the current fiscal year.

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.