Frank Rimerman Advisors LLC Invests $541,000 in TotalEnergies SE (NYSE:TTE)

Frank Rimerman Advisors LLC purchased a new stake in shares of TotalEnergies SE (NYSE:TTE) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 8,110 shares of the company’s stock, valued at approximately $541,000.

Other institutional investors have also added to or reduced their stakes in the company. Alaethes Wealth LLC grew its stake in shares of TotalEnergies by 1.8% during the second quarter. Alaethes Wealth LLC now owns 28,574 shares of the company’s stock worth $1,929,000 after buying an additional 497 shares during the last quarter. Legacy Financial Advisors Inc. grew its position in TotalEnergies by 4.2% during the 2nd quarter. Legacy Financial Advisors Inc. now owns 14,448 shares of the company’s stock worth $963,000 after acquiring an additional 583 shares during the last quarter. Callan Capital LLC increased its holdings in TotalEnergies by 50.8% in the 2nd quarter. Callan Capital LLC now owns 10,614 shares of the company’s stock worth $708,000 after purchasing an additional 3,575 shares in the last quarter. Benjamin Edwards Inc. bought a new position in TotalEnergies in the second quarter valued at about $340,000. Finally, Wealth Advisors of Tampa Bay LLC boosted its stake in shares of TotalEnergies by 0.3% during the second quarter. Wealth Advisors of Tampa Bay LLC now owns 73,415 shares of the company’s stock valued at $4,895,000 after purchasing an additional 230 shares in the last quarter. 13.22% of the stock is currently owned by institutional investors and hedge funds.

TotalEnergies Price Performance

TotalEnergies stock opened at $69.18 on Tuesday. The firm has a market cap of $163.36 billion, a P/E ratio of 7.81, a P/E/G ratio of 1.78 and a beta of 0.64. The stock’s 50 day moving average is $67.91 and its 200 day moving average is $69.44. 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.

TotalEnergies (NYSE:TTE) last announced its earnings results on Thursday, July 25th. The company reported $1.98 earnings per share 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 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 in the prior year, the business earned $1.99 EPS. As a group, research analysts expect that TotalEnergies SE will post 8.65 EPS for the current year.

Wall Street Analyst Weigh In

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