TotalEnergies SE (NYSE:TTE) Holdings Lifted by Creative Planning

Creative Planning boosted its holdings in shares of TotalEnergies SE (NYSE:TTE) by 9.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 139,633 shares of the company’s stock after buying an additional 12,331 shares during the period. Creative Planning’s holdings in TotalEnergies were worth $9,311,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of TTE. North Star Investment Management Corp. boosted its holdings in shares of TotalEnergies by 310.0% during the first quarter. North Star Investment Management Corp. now owns 410 shares of the company’s stock worth $28,000 after purchasing an additional 310 shares during the period. Larson Financial Group LLC grew its holdings in shares of TotalEnergies by 100.5% during the 2nd quarter. Larson Financial Group LLC now owns 423 shares of the company’s stock valued at $28,000 after acquiring an additional 212 shares in the last quarter. Pathway Financial Advisers LLC acquired a new position in shares of TotalEnergies in the first quarter worth $29,000. Creekmur Asset Management LLC purchased a new stake in shares of TotalEnergies during the fourth quarter worth $31,000. Finally, New Covenant Trust Company N.A. acquired a new stake in TotalEnergies during the first quarter valued at $38,000. 13.22% of the stock is owned by hedge funds and other institutional investors.

TotalEnergies Stock Up 1.6 %

TTE opened at $65.68 on Wednesday. The firm has a market cap of $155.10 billion, a P/E ratio of 7.41, a price-to-earnings-growth ratio of 1.78 and a beta of 0.64. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.87 and a current ratio of 1.11. The business has a 50 day moving average price of $67.65 and a 200 day moving average price of $69.40. TotalEnergies SE has a twelve month low of $62.28 and a twelve month high of $74.97.

TotalEnergies (NYSE:TTE) last issued its quarterly earnings data 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 during 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 quarter in the previous year, the firm posted $1.99 earnings per share. Research analysts forecast that TotalEnergies SE will post 8.42 EPS for the current year.

Analyst Ratings Changes

Several brokerages have recently issued reports on TTE. Scotiabank lowered their price target 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. Wolfe Research started coverage on shares of TotalEnergies in a research report on Thursday, July 18th. They issued an “outperform” rating and a $87.00 target price for the company. Finally, TD Cowen downgraded shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a report on Monday. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $80.00.

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.