TotalEnergies SE (NYSE:TTE) Stock Position Lifted by Legacy Financial Advisors Inc.

Legacy Financial Advisors Inc. lifted its position in TotalEnergies SE (NYSE:TTE) by 4.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,448 shares of the company’s stock after buying an additional 583 shares during the quarter. Legacy Financial Advisors Inc.’s holdings in TotalEnergies were worth $963,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. Fisher Asset Management LLC increased 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 worth $1,424,717,000 after acquiring an additional 379,198 shares during the period. Capital International Investors lifted its position in TotalEnergies by 2.1% in the first quarter. Capital International Investors now owns 4,858,097 shares of the company’s stock worth $334,383,000 after purchasing an additional 100,059 shares during the period. Goldman Sachs Group Inc. boosted its stake in TotalEnergies by 3.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,592,234 shares of the company’s stock worth $174,665,000 after buying an additional 86,642 shares in the last quarter. Natixis Advisors LLC increased its holdings in TotalEnergies by 3.4% in the 2nd quarter. Natixis Advisors LLC now owns 2,160,603 shares of the company’s stock valued at $144,069,000 after buying an additional 71,658 shares during the period. Finally, Clearbridge Investments LLC grew its position in TotalEnergies by 1.5% in the first quarter. Clearbridge Investments LLC now owns 2,039,311 shares of the company’s stock valued at $140,366,000 after acquiring an additional 31,123 shares during the period. Institutional investors own 13.22% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on TTE. Wolfe Research began coverage on TotalEnergies in a research note on Thursday, July 18th. They issued an “outperform” rating and a $87.00 target price for the company. Scotiabank lowered their price objective 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 Trading Down 0.1 %

NYSE TTE opened at $69.06 on Friday. The stock has a 50-day simple moving average of $67.91 and a 200 day simple moving average of $69.31. The company has a market capitalization of $163.08 billion, a PE ratio of 7.79, a P/E/G ratio of 1.78 and a beta of 0.64. TotalEnergies SE has a 12 month low of $62.28 and a 12 month high of $74.97. The company has a current ratio of 1.11, a quick ratio of 0.87 and a debt-to-equity ratio of 0.35.

TotalEnergies (NYSE:TTE) last issued its quarterly earnings results on Thursday, July 25th. The company reported $1.98 EPS for the quarter, missing the consensus estimate of $2.11 by ($0.13). The business 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 period last year, the firm earned $1.99 earnings per share. Research analysts forecast that TotalEnergies SE will post 8.65 EPS for the current 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.