Parallel Advisors LLC Has $385,000 Stock Holdings in TotalEnergies SE (NYSE:TTE)

Parallel Advisors LLC lifted its stake in shares of TotalEnergies SE (NYSE:TTE) by 18.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,780 shares of the company’s stock after purchasing an additional 892 shares during the period. Parallel Advisors LLC’s holdings in TotalEnergies were worth $385,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Sei Investments Co. raised its position in TotalEnergies by 158.2% during the first quarter. Sei Investments Co. now owns 928,103 shares of the company’s stock valued at $63,881,000 after buying an additional 568,672 shares during the period. BNP Paribas Financial Markets raised its position in TotalEnergies by 159,211.0% during the first quarter. BNP Paribas Financial Markets now owns 434,919 shares of the company’s stock valued at $29,935,000 after buying an additional 434,646 shares during the period. Fisher Asset Management LLC raised its position in TotalEnergies by 1.8% during the fourth quarter. Fisher Asset Management LLC now owns 21,144,503 shares of the company’s stock valued at $1,424,717,000 after buying an additional 379,198 shares during the period. Global Assets Advisory LLC acquired a new position in TotalEnergies during the first quarter valued at $22,081,000. Finally, Equity Investment Corp raised its position in TotalEnergies by 20.6% during the first quarter. Equity Investment Corp now owns 1,810,041 shares of the company’s stock valued at $124,585,000 after buying an additional 308,835 shares during the period. 13.22% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

TotalEnergies Stock Performance

Shares of NYSE TTE opened at $68.36 on Wednesday. The business’s 50-day moving average price is $67.90 and its two-hundred day moving average price is $69.32. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.11 and a quick ratio of 0.87. TotalEnergies SE has a one year low of $62.28 and a one year high of $74.97. The company has a market capitalization of $161.43 billion, a P/E ratio of 7.72, a price-to-earnings-growth ratio of 1.76 and a beta of 0.64.

TotalEnergies (NYSE:TTE) last released its quarterly earnings results on Thursday, July 25th. The company reported $1.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.11 by ($0.13). The company had revenue of $53.74 billion for the quarter, compared to the consensus estimate of $60.45 billion. TotalEnergies had a return on equity of 17.92% and a net margin of 9.49%. During the same quarter last year, the company posted $1.99 EPS. Analysts anticipate that TotalEnergies SE will post 8.65 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.