Vanguard Personalized Indexing Management LLC Grows Position in TotalEnergies SE (NYSE:TTE)

Vanguard Personalized Indexing Management LLC grew its stake in TotalEnergies SE (NYSE:TTE) by 20.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 68,874 shares of the company’s stock after purchasing an additional 11,723 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in TotalEnergies were worth $4,482,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Private Trust Co. NA raised its stake in shares of TotalEnergies by 1.6% during the 1st quarter. Private Trust Co. NA now owns 9,273 shares of the company’s stock worth $638,000 after buying an additional 149 shares during the period. Geneos Wealth Management Inc. raised its stake in shares of TotalEnergies by 3.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 4,379 shares of the company’s stock worth $301,000 after buying an additional 153 shares during the period. Hexagon Capital Partners LLC raised its stake in shares of TotalEnergies by 5.1% during the 2nd quarter. Hexagon Capital Partners LLC now owns 3,406 shares of the company’s stock worth $227,000 after buying an additional 164 shares during the period. Opal Wealth Advisors LLC raised its stake in shares of TotalEnergies by 17.0% during the 2nd quarter. Opal Wealth Advisors LLC now owns 1,285 shares of the company’s stock worth $86,000 after buying an additional 187 shares during the period. Finally, Delta Financial Group Inc. raised its stake in shares of TotalEnergies by 3.1% during the 1st quarter. Delta Financial Group Inc. now owns 6,250 shares of the company’s stock worth $430,000 after buying an additional 190 shares during the period. Hedge funds and other institutional investors own 13.22% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on TTE. Wolfe Research initiated coverage on TotalEnergies in a research note on Thursday, July 18th. They set an “outperform” rating and a $87.00 target price for the company. Scotiabank reduced 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.

TotalEnergies Stock Down 0.4 %

NYSE TTE opened at $68.05 on Thursday. The business has a fifty day moving average price of $67.90 and a 200 day moving average price of $69.31. TotalEnergies SE has a one year low of $62.28 and a one year high of $74.97. 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 company has a market cap of $160.70 billion, a P/E ratio of 7.68, a P/E/G ratio of 1.78 and a beta of 0.64.

TotalEnergies (NYSE:TTE) last posted its quarterly earnings data on Thursday, July 25th. The company reported $1.98 EPS 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 firm had revenue of $53.74 billion during the quarter, compared to analyst estimates of $60.45 billion. During the same period in the prior year, the company posted $1.99 earnings per share. Research analysts anticipate that TotalEnergies SE will post 8.65 EPS for the current fiscal 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.