Allied Investment Advisors LLC Increases Stake in TotalEnergies SE (NYSE:TTE)

Allied Investment Advisors LLC boosted its position in TotalEnergies SE (NYSE:TTE) by 0.8% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 152,578 shares of the company’s stock after acquiring an additional 1,227 shares during the period. TotalEnergies accounts for approximately 2.0% of Allied Investment Advisors LLC’s portfolio, making the stock its 27th largest holding. Allied Investment Advisors LLC’s holdings in TotalEnergies were worth $9,860,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in TTE. Sei Investments Co. grew its position in TotalEnergies by 158.2% during the first quarter. Sei Investments Co. now owns 928,103 shares of the company’s stock worth $63,881,000 after buying an additional 568,672 shares in the last quarter. BNP Paribas Financial Markets increased its position in shares of TotalEnergies by 159,211.0% in the first quarter. BNP Paribas Financial Markets now owns 434,919 shares of the company’s stock worth $29,935,000 after purchasing an additional 434,646 shares during the last quarter. Fisher Asset Management LLC raised its stake in TotalEnergies by 1.8% in 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 purchasing an additional 379,198 shares in the last quarter. Global Assets Advisory LLC purchased a new stake in TotalEnergies in the first quarter valued at approximately $22,081,000. Finally, Equity Investment Corp lifted its position in TotalEnergies by 20.6% during the first quarter. Equity Investment Corp now owns 1,810,041 shares of the company’s stock valued at $124,585,000 after purchasing an additional 308,835 shares during the last quarter. 13.22% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently commented on TTE. Barclays raised shares of TotalEnergies to a “strong-buy” rating in a report on Wednesday. Scotiabank lowered their price target on TotalEnergies from $86.00 to $80.00 and set a “sector perform” rating on the stock in a research report on Friday, July 12th. Wolfe Research started coverage on TotalEnergies in a report on Thursday, July 18th. They issued an “outperform” rating and a $87.00 price objective for the company. Finally, TD Cowen cut TotalEnergies from a “strong-buy” rating to a “hold” rating in a report on Monday, September 30th. Four equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $80.00.

TotalEnergies Stock Up 1.1 %

Shares of NYSE TTE traded up $0.72 during midday trading on Friday, hitting $68.60. The stock had a trading volume of 1,968,824 shares, compared to its average volume of 1,608,485. The company has a market cap of $161.99 billion, a P/E ratio of 7.74, a PEG ratio of 1.83 and a beta of 0.63. TotalEnergies SE has a 52 week low of $62.28 and a 52 week high of $74.97. 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 business’s 50 day moving average is $67.66 and its 200-day moving average is $69.38.

TotalEnergies (NYSE:TTE) last released its quarterly earnings data 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 analysts’ expectations of $60.45 billion. During the same period in the previous year, the firm earned $1.99 earnings per share. As a group, analysts predict that TotalEnergies SE will post 8.34 EPS for the current year.

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.