Creekmur Asset Management LLC Takes Position in TotalEnergies SE (NYSE:TTE)

Creekmur Asset Management LLC purchased a new stake in TotalEnergies SE (NYSE:TTE) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 463 shares of the company’s stock, valued at approximately $31,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. PDS Planning Inc raised its stake in shares of TotalEnergies by 2.3% in the 4th quarter. PDS Planning Inc now owns 6,839 shares of the company’s stock valued at $461,000 after acquiring an additional 156 shares during the period. Kestra Private Wealth Services LLC raised its stake in shares of TotalEnergies by 1.0% in the 4th quarter. Kestra Private Wealth Services LLC now owns 18,496 shares of the company’s stock valued at $1,246,000 after acquiring an additional 179 shares during the period. Juncture Wealth Strategies LLC raised its stake in shares of TotalEnergies by 2.1% in the 4th quarter. Juncture Wealth Strategies LLC now owns 9,826 shares of the company’s stock valued at $662,000 after acquiring an additional 200 shares during the period. Rosenberg Matthew Hamilton raised its stake in shares of TotalEnergies by 5.3% in the 4th quarter. Rosenberg Matthew Hamilton now owns 4,077 shares of the company’s stock valued at $275,000 after acquiring an additional 205 shares during the period. Finally, Parkside Financial Bank & Trust grew its holdings in shares of TotalEnergies by 38.7% in the fourth quarter. Parkside Financial Bank & Trust now owns 788 shares of the company’s stock valued at $53,000 after purchasing an additional 220 shares in the last quarter. 13.22% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

TotalEnergies Trading Up 1.1 %

NYSE TTE opened at $66.52 on Tuesday. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.31. TotalEnergies SE has a 52 week low of $54.94 and a 52 week high of $74.97. The stock has a market capitalization of $156.44 billion, a PE ratio of 7.51, a price-to-earnings-growth ratio of 1.66 and a beta of 0.67. The firm has a 50 day moving average of $71.70 and a two-hundred day moving average of $68.28.

TotalEnergies (NYSE:TTE) last posted its quarterly earnings results on Friday, April 26th. The company reported $2.14 EPS for the quarter, topping the consensus estimate of $1.96 by $0.18. TotalEnergies had a net margin of 9.52% and a return on equity of 18.30%. The company had revenue of $56.28 billion during the quarter, compared to analysts’ expectations of $59.64 billion. As a group, research analysts expect that TotalEnergies SE will post 9.08 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Se Totalenergies purchased 196,964 shares of the stock in a transaction on Thursday, March 28th. The stock was bought at an average price of $22.86 per share, for a total transaction of $4,502,597.04. Following the acquisition, the director now directly owns 295,235 shares of the company’s stock, valued at approximately $6,749,072.10. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

TotalEnergies 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.