TotalEnergies SE (NYSE:TTE) Shares Purchased by First Trust Direct Indexing L.P.

First Trust Direct Indexing L.P. increased its stake in shares of TotalEnergies SE (NYSE:TTE) by 20.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 52,844 shares of the company’s stock after acquiring an additional 8,794 shares during the period. First Trust Direct Indexing L.P.’s holdings in TotalEnergies were worth $3,561,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of TTE. Key Financial Inc lifted 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 in the last quarter. Evolution Advisers Inc. purchased a new position in shares of TotalEnergies in the fourth quarter valued at approximately $29,000. Arlington Trust Co LLC purchased a new position in shares of TotalEnergies in the third quarter valued at approximately $31,000. Motco lifted 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 in the last quarter. Finally, NewSquare Capital LLC purchased a new position in shares of TotalEnergies in the fourth quarter valued at approximately $35,000. 13.22% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Se Totalenergies acquired 196,964 shares of the company’s stock in a transaction dated Thursday, March 28th. The stock was acquired 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 of the company’s stock, valued at approximately $6,749,072.10. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Analysts Set New Price Targets

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

TotalEnergies Trading Down 1.1 %

TotalEnergies stock traded down $0.81 during trading on Wednesday, reaching $71.66. 894,434 shares of the company were exchanged, compared to its average volume of 1,688,524. TotalEnergies SE has a 52-week low of $54.94 and a 52-week high of $74.97. The company has a market capitalization of $168.52 billion, a P/E ratio of 8.09, a PEG ratio of 1.68 and a beta of 0.72. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.09 and a quick ratio of 0.90. The stock’s 50 day simple moving average is $69.12 and its two-hundred day simple moving average is $67.29.

TotalEnergies (NYSE:TTE) last posted its earnings results on Wednesday, February 7th. The company reported $2.16 EPS for the quarter, missing analysts’ consensus estimates of $2.43 by ($0.27). TotalEnergies had a net margin of 9.52% and a return on equity of 18.30%. The business had revenue of $54.77 billion during the quarter, compared to analysts’ expectations of $55.14 billion. During the same quarter in the prior year, the firm earned $2.97 EPS. On average, equities research analysts expect that TotalEnergies SE will post 9.28 earnings per share for the current fiscal year.

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.