Lindbrook Capital LLC Grows Holdings in TotalEnergies SE (NYSE:TTE)

Lindbrook Capital LLC increased its position in shares of TotalEnergies SE (NYSE:TTE) by 11.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,607 shares of the company’s stock after purchasing an additional 478 shares during the quarter. Lindbrook Capital LLC’s holdings in TotalEnergies were worth $310,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Key Financial Inc boosted its stake in TotalEnergies by 139.0% in the fourth quarter. Key Financial Inc now owns 380 shares of the company’s stock valued at $26,000 after acquiring an additional 221 shares during the last quarter. Motco boosted its stake in TotalEnergies by 216.2% in the third quarter. Motco now owns 468 shares of the company’s stock valued at $31,000 after acquiring an additional 320 shares during the last quarter. Arlington Trust Co LLC purchased a new position in TotalEnergies in the third quarter valued at about $31,000. Fortis Capital Advisors LLC purchased a new position in TotalEnergies in the fourth quarter valued at about $32,000. Finally, SRS Capital Advisors Inc. purchased a new position in TotalEnergies in the third quarter valued at about $36,000. 13.22% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Scotiabank boosted 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 boosted their price target on shares of TotalEnergies from $75.00 to $79.00 and gave the company a “neutral” rating in a research report on Thursday. Six equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $70.75.

TotalEnergies Stock Performance

NYSE TTE opened at $72.05 on Monday. The company’s 50 day moving average is $67.87 and its 200-day moving average is $66.87. TotalEnergies SE has a 12-month low of $54.94 and a 12-month high of $74.06. The company has a quick ratio of 0.90, a current ratio of 1.12 and a debt-to-equity ratio of 0.34. The firm has a market cap of $169.44 billion, a P/E ratio of 8.31, a price-to-earnings-growth ratio of 1.72 and a beta of 0.72.

TotalEnergies (NYSE:TTE) last posted its earnings results 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 for the quarter, compared to the consensus estimate of $55.14 billion. TotalEnergies had a return on equity of 19.61% and a net margin of 9.19%. During the same period last year, the company posted $2.97 EPS. Sell-side analysts predict that TotalEnergies SE will post 9.38 earnings per share for the current year.

Insider Buying and Selling

In other TotalEnergies news, Director Se Totalenergies bought 196,964 shares of TotalEnergies stock in a transaction that occurred on Thursday, March 28th. The stock was acquired at an average cost of $22.86 per share, for a total transaction of $4,502,597.04. Following the completion of the transaction, the director now directly owns 295,235 shares in the company, valued at $6,749,072.10. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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.