Callan Capital LLC Takes $283,000 Position in TotalEnergies SE (NYSE:TTE)

Callan Capital LLC bought a new position in shares of TotalEnergies SE (NYSE:TTE) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 4,195 shares of the company’s stock, valued at approximately $283,000.

Other large investors have also recently added to or reduced their stakes in the company. Key Financial Inc increased its stake in TotalEnergies by 139.0% during the 4th quarter. Key Financial Inc now owns 380 shares of the company’s stock worth $26,000 after buying an additional 221 shares during the period. Evolution Advisers Inc. purchased a new stake in TotalEnergies during the 4th quarter worth approximately $29,000. Arlington Trust Co LLC purchased a new stake in TotalEnergies during the 3rd quarter worth approximately $31,000. Motco increased its stake in TotalEnergies by 216.2% during the 3rd quarter. Motco now owns 468 shares of the company’s stock worth $31,000 after buying an additional 320 shares during the period. Finally, NewSquare Capital LLC purchased a new stake in TotalEnergies during the 4th quarter worth approximately $35,000. 13.22% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TTE has been the topic of several recent research reports. Piper Sandler upped their target price on shares of TotalEnergies from $75.00 to $79.00 and gave the stock a “neutral” rating in a research note on Thursday, April 18th. Scotiabank boosted their price target on shares of TotalEnergies from $74.00 to $86.00 and gave the stock a “sector perform” rating in a report on Thursday, April 11th. Six investment analysts have rated the stock with a hold rating, According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $70.75.

TotalEnergies Stock Up 1.2 %

NYSE TTE traded up $0.87 on Friday, hitting $74.62. 2,495,383 shares of the stock were exchanged, compared to its average volume of 1,700,081. The company has a quick ratio of 0.90, a current ratio of 1.12 and a debt-to-equity ratio of 0.34. TotalEnergies SE has a fifty-two week low of $54.94 and a fifty-two week high of $74.97. The company has a market cap of $175.48 billion, a PE ratio of 8.61, a PEG ratio of 1.63 and a beta of 0.72. The company has a 50-day moving average price of $68.74 and a 200-day moving average price of $67.16.

TotalEnergies (NYSE:TTE) last issued its earnings results on Wednesday, February 7th. The company reported $2.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.43 by ($0.27). TotalEnergies had a net margin of 9.19% and a return on equity of 19.61%. The company had revenue of $54.77 billion during the quarter, compared to analyst estimates of $55.14 billion. During the same quarter in the previous year, the company posted $2.97 EPS. Sell-side analysts anticipate that TotalEnergies SE will post 9.32 EPS for the current fiscal year.

Insider Activity at TotalEnergies

In related news, Director Se Totalenergies bought 196,964 shares of the stock in a transaction that occurred on Thursday, March 28th. The stock was purchased at an average cost 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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.