PFG Investments LLC Increases Stock Position in TotalEnergies SE (NYSE:TTE)

PFG Investments LLC lifted its holdings in shares of TotalEnergies SE (NYSE:TTE) by 6.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,740 shares of the company’s stock after acquiring an additional 214 shares during the period. PFG Investments LLC’s holdings in TotalEnergies were worth $249,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Private Trust Co. NA lifted its holdings in shares of TotalEnergies by 1.6% during the first quarter. Private Trust Co. NA now owns 9,273 shares of the company’s stock worth $638,000 after purchasing an additional 149 shares during the period. Geneos Wealth Management Inc. lifted its holdings in shares of TotalEnergies by 3.6% during the first quarter. Geneos Wealth Management Inc. now owns 4,379 shares of the company’s stock worth $301,000 after purchasing an additional 153 shares during the period. Hexagon Capital Partners LLC lifted its holdings in shares of TotalEnergies by 5.1% during the second quarter. Hexagon Capital Partners LLC now owns 3,406 shares of the company’s stock worth $227,000 after purchasing an additional 164 shares during the period. Opal Wealth Advisors LLC lifted its holdings in shares of TotalEnergies by 17.0% during the second quarter. Opal Wealth Advisors LLC now owns 1,285 shares of the company’s stock worth $86,000 after purchasing an additional 187 shares during the period. Finally, Delta Financial Group Inc. lifted its holdings in shares of TotalEnergies by 3.1% during the first quarter. Delta Financial Group Inc. now owns 6,250 shares of the company’s stock worth $430,000 after purchasing an additional 190 shares during the period. 13.22% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on TTE shares. Wolfe Research started coverage on TotalEnergies in a report on Thursday, July 18th. They set an “outperform” rating and a $87.00 price target for the company. Scotiabank decreased their price target on TotalEnergies from $86.00 to $80.00 and set a “sector perform” rating for the company in a report on Friday, July 12th.

TotalEnergies Price Performance

TotalEnergies stock opened at $67.71 on Friday. TotalEnergies SE has a one year low of $62.28 and a one year high of $74.97. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.87 and a current ratio of 1.11. The business has a fifty day moving average of $67.92 and a two-hundred day moving average of $69.20. The company has a market cap of $159.89 billion, a P/E ratio of 7.64, a price-to-earnings-growth ratio of 1.74 and a beta of 0.64.

TotalEnergies (NYSE:TTE) last released its earnings results on Thursday, July 25th. The company reported $1.98 EPS for the quarter, missing analysts’ consensus estimates of $2.11 by ($0.13). TotalEnergies had a net margin of 9.49% and a return on equity of 17.92%. The business had revenue of $53.74 billion during the quarter, compared to analyst estimates of $60.45 billion. During the same period last year, the business posted $1.99 EPS. As a group, analysts predict that TotalEnergies SE will post 8.65 earnings per share for the current fiscal year.

TotalEnergies Company 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.