Brighton Jones LLC Has $207,000 Stock Position in TotalEnergies SE (NYSE:TTE)

Brighton Jones LLC reduced its stake in TotalEnergies SE (NYSE:TTE) by 10.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,106 shares of the company’s stock after selling 348 shares during the quarter. Brighton Jones LLC’s holdings in TotalEnergies were worth $207,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in TTE. Sei Investments Co. raised its stake in shares of TotalEnergies by 158.2% in 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 lifted its position in TotalEnergies by 159,211.0% in the 1st quarter. BNP Paribas Financial Markets now owns 434,919 shares of the company’s stock worth $29,935,000 after buying an additional 434,646 shares during the last quarter. Fisher Asset Management LLC boosted 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 purchased a new stake in TotalEnergies during the 1st quarter valued at about $22,081,000. Finally, Equity Investment Corp grew its holdings in shares of TotalEnergies by 20.6% in the first quarter. Equity Investment Corp now owns 1,810,041 shares of the company’s stock worth $124,585,000 after purchasing an additional 308,835 shares during the last quarter. Institutional investors own 13.22% of the company’s stock.

TotalEnergies Stock Performance

TTE opened at $69.09 on Monday. 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 1-year low of $62.28 and a 1-year high of $74.97. The company has a 50 day simple moving average of $67.90 and a two-hundred day simple moving average of $69.38. The firm has a market cap of $163.15 billion, a P/E ratio of 7.80, a PEG ratio of 1.78 and a beta of 0.64.

TotalEnergies (NYSE:TTE) last released 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 company had revenue of $53.74 billion for the quarter, compared to the consensus estimate of $60.45 billion. During the same period in the prior year, the firm posted $1.99 EPS. Equities analysts forecast that TotalEnergies SE will post 8.65 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

TTE has been the topic of a number of recent analyst reports. Wolfe Research assumed coverage on TotalEnergies in a research report on Thursday, July 18th. They issued an “outperform” rating and a $87.00 price objective on the stock. 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 note on Friday, July 12th.

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.