Goldman Sachs Group Inc. Acquires 86,642 Shares of TotalEnergies SE (NYSE:TTE)

Goldman Sachs Group Inc. raised its holdings in TotalEnergies SE (NYSE:TTEFree Report) by 3.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,592,234 shares of the company’s stock after acquiring an additional 86,642 shares during the period. Goldman Sachs Group Inc. owned about 0.11% of TotalEnergies worth $174,665,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Key Financial Inc grew its holdings in shares of TotalEnergies by 139.0% during the fourth quarter. Key Financial Inc now owns 380 shares of the company’s stock worth $26,000 after purchasing an additional 221 shares during the last quarter. Evolution Advisers Inc. bought a new stake in shares of TotalEnergies during the fourth quarter worth about $29,000. Frazier Financial Advisors LLC bought a new stake in shares of TotalEnergies during the fourth quarter worth about $30,000. Johnson Financial Group Inc. bought a new stake in shares of TotalEnergies during the fourth quarter worth about $33,000. Finally, NewSquare Capital LLC bought a new stake in shares of TotalEnergies during the fourth quarter worth about $35,000. Institutional investors own 13.22% of the company’s stock.

Insider Buying and Selling at TotalEnergies

In other TotalEnergies news, Director Se Totalenergies purchased 196,964 shares of the company’s stock in a transaction on Thursday, March 28th. The shares were purchased at an average cost of $22.86 per share, with a total value of $4,502,597.04. Following the completion of the purchase, the director now owns 295,235 shares in the company, valued at $6,749,072.10. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

TotalEnergies Stock Performance

Shares of TTE stock opened at $69.73 on Friday. The business’s 50 day simple moving average is $72.20 and its 200 day simple moving average is $68.31. TotalEnergies SE has a one year low of $54.94 and a one year high of $74.97. The stock has a market capitalization of $163.98 billion, a PE ratio of 7.87, a PEG ratio of 1.78 and a beta of 0.67. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.09 and a quick ratio of 0.87.

TotalEnergies (NYSE:TTEGet Free Report) last announced its earnings results on Friday, April 26th. The company reported $2.14 EPS for the quarter, beating the consensus estimate of $1.96 by $0.18. TotalEnergies had a return on equity of 18.30% and a net margin of 9.52%. The business had revenue of $56.28 billion for the quarter, compared to analysts’ expectations of $59.64 billion. As a group, research analysts forecast that TotalEnergies SE will post 9.08 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have recently weighed in on TTE. Piper Sandler boosted their price target on TotalEnergies from $75.00 to $79.00 and gave the stock a “neutral” rating in a report on Thursday, April 18th. Scotiabank upped their target price on TotalEnergies from $74.00 to $86.00 and gave the company a “sector perform” rating in a report on Thursday, April 11th. Six research analysts have rated the stock with a hold rating, According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $70.75.

Read Our Latest Stock Report on TotalEnergies

TotalEnergies Profile

(Free Report)

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.

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Institutional Ownership by Quarter for TotalEnergies (NYSE:TTE)

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