The world has long been dependent on traditional sources of fuel and energy such as oil and gas. It’s no secret that these resources are finite, and their availability will eventually run out. TotalEnergies SE is a company at the forefront of innovation, actively seeking new ways to produce energy while reducing its carbon footprint. It’s no surprise that investors like &MONECO Advisors LLC have taken an interest in TotalEnergies SE.
&MONECO Advisors LLC recently announced the acquisition of a new position in shares of TotalEnergies SE, according to its most recent Form 13F filing with the SEC. The fund reportedly purchased 4,377 shares of the company’s stock during the fourth quarter valued at about $272,000.
TotalEnergies SE operates through four business segments: Exploration & Production, Integrated Gas, Renewables & Energy, Refining & Chemicals and Marketing & Services. The company’s exploration and production division explores and produces oil and natural gas.
Shares of TTE opened at $62.80 on Monday, April 10, 2023. TotalEnergies SE has had a phenomenal year with a 1-year low of $44.61 and an impressive 1-year high of $65.05. A low PEG ratio of 0.61 with a market capitalization of $155.87 billion and a P/E ratio of 8.02 and a low beta of 0.79 indicate that the company remains undervalued by industry standards.
TotalEnergies SE prides itself on being environmentally responsible by investing heavily in technology to support low-carbon electricity generation through renewable sources such as wind power plants and solar photovoltaic panels.
The company’s production capacity from renewables has doubled in just five years The future of TotalEnergies SE looks really bright as modern energy systems promise to deliver sustainable energy through continuous innovation
As the world transitions away from traditional sources of energy and power, TotalEnergies SE is well positioned to lead the way in the exploration and production of low carbon electricity. Their commitment to maintaining a healthy balance sheet, undervaluation by industry standards, innovation in modern energy systems are factors that make them an attractive investment opportunity for investors around the world.
Institutional Investors and Recent Ratings: A Comprehensive Overview of TotalEnergies SE
TotalEnergies SE: an overview and recent ratings of institutional investors
TotalEnergies SE, a well-known energy company specializing in the exploration and production of energy, natural gas and low-carbon electricity, operates through four business segments: Exploration and Production, Integrated Gas, Renewables and Power, Refining and Chemicals, and Marketing and Services. The company’s stock (NYSE:TTE) has recently attracted several hedge funds and institutional investors that have made significant changes to their positions in TTE.
Destiny Wealth Partners LLC increased its holdings by 58.6% in the fourth quarter, owning 509 shares of TotalEnergies worth $32,000 after acquiring an additional 188 shares. Guardian Wealth Advisors LLC acquired a new position in TotalEnergy during the third quarter of last year worth about $39,000. Householder Group Estate & Retirement Specialists LLC purchased a new stake in TotalEnergy during the same period worth about $40,000. Channing Global Advisors LLC also acquired a position worth approximately $42,000 during the period.
Financial Management Professionals Inc. grew his holdings by 37.1% during the period to own 916 shares of TotalEnergies worth $43,000 after buying an additional 248 shares.
Institutional investors now own approximately 6.63% of TotalEnergies’ stock value.
Several brokerage firms have recently commented on TTE stocks performance and assigned ratings based on various criteria. BNP Paribas downgraded the stock to a “neutral” rating from an “outperform” rating on December 14 last year while JPMorgan Chase & Co rated the stock following an “overweight” rating in a report published in January this year with a €73.00 ($79.35) price target.
Wolfe Research upgraded Total Energy from a “peer perform” rating to an “outperform” rating and gave a $72.00 price objective for the company in a report on January 12th. Piper Sandler lowered their target price on TotalEnergies from $66.00 to $61.00 with a “neutral” rating for the company in December 2022, while Morgan Stanley upgraded shares of TotalEnergies to an “overweight” rating from an “equal weight” rating in a recent report on March 21st.
Six research analysts have rated TTE a hold while nine have given a buy recommendation to the stock, according to Bloomberg.
TotalEnergies’ most recent earnings report revealed that it earned $2.97 per share for Q4 2022, beating sell-side analysts’ estimates by $0.04 on a projected annualized EPS of 11.06%.
Additionally, Total Energy announced in its quarterly note that it is increasing its dividend yield from $0.53 to $0.543 per share payable to shareholders of record as owners of TTE stock prior to Tuesday, March 21st of this year – which is expected to be paid on Friday, April 14th. , reflecting TotalEnergies’ annualized growth and yield of approximately 3.46%.
In conclusion, recent hedge fund activity in institutional investor positions suggests that TTE’s future earnings reports could be potentially positive.
Analyst ratings continue to suggest cautious optimism on TotalEnergies’ performance, which could provide substantial revenue opportunities for up-and-comers or established investors who are eyeing long-term gains in the industry to avoid unexpected volatility.