TotalEnergies SE (NYSE:TTE) Shares Sold by Pacer Advisors Inc.

Pacer Advisors Inc. cut its stake in TotalEnergies SE (NYSE:TTE) by 2.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 568,865 shares of the company’s stock after selling 16,681 shares during the period. Pacer Advisors Inc.’s holdings in TotalEnergies were worth $37,932,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in TTE. North Star Investment Management Corp. lifted its holdings in shares of TotalEnergies by 310.0% in the 1st quarter. North Star Investment Management Corp. now owns 410 shares of the company’s stock valued at $28,000 after purchasing an additional 310 shares during the last quarter. Larson Financial Group LLC increased its holdings in shares of TotalEnergies by 100.5% in the second quarter. Larson Financial Group LLC now owns 423 shares of the company’s stock valued at $28,000 after purchasing an additional 212 shares during the period. Pathway Financial Advisers LLC acquired a new stake in TotalEnergies in the first quarter valued at about $29,000. Creekmur Asset Management LLC acquired a new position in TotalEnergies during the fourth quarter worth about $31,000. Finally, Johnson Financial Group Inc. purchased a new stake in TotalEnergies during the fourth quarter worth $33,000. 13.22% of the stock is owned by institutional investors and hedge funds.

TotalEnergies Price Performance

TotalEnergies stock opened at $69.09 on Friday. The company has a quick ratio of 0.87, a current ratio of 1.11 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $163.15 billion, a P/E ratio of 7.80, a PEG ratio of 1.78 and a beta of 0.64. The firm has a fifty day moving average of $67.90 and a 200-day moving average of $69.35. TotalEnergies SE has a 52-week low of $62.28 and a 52-week high of $74.97.

TotalEnergies (NYSE:TTE) last posted 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). The firm had revenue of $53.74 billion for the quarter, compared to analyst estimates of $60.45 billion. TotalEnergies had a return on equity of 17.92% and a net margin of 9.49%. During the same period in the previous year, the firm posted $1.99 earnings per share. As a group, analysts predict that TotalEnergies SE will post 8.65 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on TTE shares. Wolfe Research started coverage on TotalEnergies in a research note on Thursday, July 18th. They issued an “outperform” rating and a $87.00 target price on the stock. Scotiabank cut 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 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.