Hartford Funds Management Co LLC Buys 3,025 Shares of TotalEnergies SE (NYSE:TTE)

Hartford Funds Management Co LLC increased its stake in TotalEnergies SE (NYSE:TTE) by 42.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 10,087 shares of the company’s stock after acquiring an additional 3,025 shares during the period. Hartford Funds Management Co LLC’s holdings in TotalEnergies were worth $680,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Savant Capital LLC raised its position in shares of TotalEnergies by 20.3% during the 4th quarter. Savant Capital LLC now owns 4,155 shares of the company’s stock valued at $280,000 after acquiring an additional 700 shares during the last quarter. Mission Wealth Management LP raised its position in shares of TotalEnergies by 10.3% during the 4th quarter. Mission Wealth Management LP now owns 8,306 shares of the company’s stock valued at $560,000 after acquiring an additional 773 shares during the last quarter. Certuity LLC raised its position in shares of TotalEnergies by 269.3% during the 4th quarter. Certuity LLC now owns 15,142 shares of the company’s stock valued at $1,020,000 after acquiring an additional 11,042 shares during the last quarter. Kestra Private Wealth Services LLC raised its position in shares of TotalEnergies by 1.0% during 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 last quarter. Finally, Intrust Bank NA raised its position in shares of TotalEnergies by 5.1% during the 4th quarter. Intrust Bank NA now owns 35,955 shares of the company’s stock valued at $2,423,000 after acquiring an additional 1,746 shares during the last quarter. Institutional investors own 13.22% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on TTE shares. Scotiabank upped their price objective 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 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. Six analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $70.75.

TotalEnergies Stock Down 2.7 %

Shares of TotalEnergies stock traded down $2.02 during trading hours on Tuesday, reaching $72.46. 1,735,377 shares of the company’s stock were exchanged, compared to its average volume of 1,698,091. The company has a 50 day moving average of $69.12 and a two-hundred day moving average of $67.29. TotalEnergies SE has a fifty-two week low of $54.94 and a fifty-two week high of $74.97. The company has a current ratio of 1.12, a quick ratio of 0.90 and a debt-to-equity ratio of 0.34. The stock has a market cap of $170.40 billion, a P/E ratio of 8.18, a P/E/G ratio of 1.67 and a beta of 0.72.

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 9.52% and a return on equity of 18.41%. The firm had revenue of $54.77 billion during the quarter, compared to analyst estimates of $55.14 billion. During the same quarter last year, the business posted $2.97 earnings per share. On average, sell-side analysts forecast that TotalEnergies SE will post 9.32 EPS for the current fiscal year.

Insider Buying and Selling at TotalEnergies

In related news, Director Se Totalenergies purchased 196,964 shares of the stock in a transaction on Thursday, March 28th. The shares were purchased at an average cost of $22.86 per share, with a total value of $4,502,597.04. Following the acquisition, the director now directly 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 at 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.