William Blair Investment Management LLC Grows Stock Holdings in TotalEnergies SE (NYSE:TTE)

William Blair Investment Management LLC lifted its position in shares of TotalEnergies SE (NYSE:TTE) by 20.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,200 shares of the company’s stock after acquiring an additional 5,756 shares during the period. William Blair Investment Management LLC’s holdings in TotalEnergies were worth $2,280,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. North Star Investment Management Corp. grew its position in TotalEnergies by 310.0% in the 1st quarter. North Star Investment Management Corp. now owns 410 shares of the company’s stock worth $28,000 after purchasing an additional 310 shares during the period. Larson Financial Group LLC boosted its stake in shares of TotalEnergies by 100.5% during the 2nd quarter. Larson Financial Group LLC now owns 423 shares of the company’s stock worth $28,000 after acquiring an additional 212 shares during the last quarter. Pathway Financial Advisers LLC purchased a new position in shares of TotalEnergies during the 1st quarter worth $29,000. Frazier Financial Advisors LLC purchased a new position in shares of TotalEnergies during the 4th quarter valued at $30,000. Finally, Creekmur Asset Management LLC purchased a new position in shares of TotalEnergies during the 4th quarter valued at $31,000. Institutional investors own 13.22% of the company’s stock.

TotalEnergies Price Performance

NYSE TTE opened at $68.10 on Tuesday. The company has a market cap of $160.81 billion, a PE ratio of 7.69, a P/E/G ratio of 1.76 and a beta of 0.64. TotalEnergies SE has a 52-week low of $62.28 and a 52-week 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 firm’s 50 day moving average price is $67.89 and its 200-day moving average price is $69.30.

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

Wall Street Analyst Weigh In

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

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.