Parkside Financial Bank & Trust Grows Stock Holdings in TotalEnergies SE (NYSE:TTE)

Parkside Financial Bank & Trust raised its position in TotalEnergies SE (NYSE:TTE) by 38.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 788 shares of the company’s stock after acquiring an additional 220 shares during the quarter. Parkside Financial Bank & Trust’s holdings in TotalEnergies were worth $53,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of TTE. Key Financial Inc increased its position in shares of 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 period. Arlington Trust Co LLC purchased a new position in shares of TotalEnergies in the third quarter valued at about $31,000. Motco increased its position in shares of 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 period. SRS Capital Advisors Inc. purchased a new position in shares of TotalEnergies in the third quarter valued at about $36,000. Finally, BKM Wealth Management LLC purchased a new position in shares of TotalEnergies in the fourth quarter valued at about $38,000. Hedge funds and other institutional investors own 13.22% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on TTE shares. Scotiabank boosted their price target on shares of TotalEnergies from $74.00 to $86.00 and gave the company a “sector perform” rating in a research report 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, April 18th. Six investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $70.75.

TotalEnergies Trading Up 1.2 %

NYSE:TTE opened at $74.62 on Friday. The firm has a market capitalization of $175.48 billion, a P/E ratio of 8.61, a PEG ratio of 1.66 and a beta of 0.72. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.12 and a quick ratio of 0.90. TotalEnergies SE has a one year low of $54.94 and a one year high of $74.97. The company’s 50-day simple moving average is $68.74 and its 200 day simple moving average is $67.16.

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 business had revenue of $54.77 billion during the quarter, compared to analysts’ expectations of $55.14 billion. TotalEnergies had a return on equity of 19.61% and a net margin of 9.19%. During the same quarter last year, the company posted $2.97 EPS. As a group, analysts forecast that TotalEnergies SE will post 9.32 EPS for the current fiscal year.

Insiders Place Their Bets

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