Wealth Advisors of Tampa Bay LLC Raises Holdings in TotalEnergies SE (NYSE:TTE)

Wealth Advisors of Tampa Bay LLC boosted its stake in shares of TotalEnergies SE (NYSE:TTE) by 0.3% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 73,415 shares of the company’s stock after purchasing an additional 230 shares during the quarter. TotalEnergies comprises 2.3% of Wealth Advisors of Tampa Bay LLC’s portfolio, making the stock its 10th largest holding. Wealth Advisors of Tampa Bay LLC’s holdings in TotalEnergies were worth $4,895,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TTE. North Star Investment Management Corp. grew its stake in TotalEnergies by 310.0% in the 1st quarter. North Star Investment Management Corp. now owns 410 shares of the company’s stock valued at $28,000 after buying an additional 310 shares during the last quarter. Larson Financial Group LLC grew its position in shares of TotalEnergies by 100.5% in the second quarter. Larson Financial Group LLC now owns 423 shares of the company’s stock valued at $28,000 after purchasing an additional 212 shares during the last quarter. Pathway Financial Advisers LLC bought a new position in shares of TotalEnergies in the first quarter worth about $29,000. Frazier Financial Advisors LLC bought a new position in shares of TotalEnergies in the fourth quarter worth about $30,000. Finally, Creekmur Asset Management LLC acquired a new position in shares of TotalEnergies during the 4th quarter worth about $31,000. Institutional investors and hedge funds own 13.22% of the company’s stock.

TotalEnergies Trading Up 1.6 %

Shares of TTE opened at $69.15 on Friday. The stock’s 50-day moving average price is $67.90 and its 200 day moving average price is $69.31. 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 firm has a market capitalization of $163.29 billion, a price-to-earnings ratio of 7.80, a P/E/G ratio of 1.78 and a beta of 0.64. TotalEnergies SE has a 12-month low of $62.28 and a 12-month high of $74.97.

TotalEnergies (NYSE:TTE) last released its quarterly earnings data on Thursday, July 25th. The company reported $1.98 earnings per share (EPS) 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 net margin of 9.49% and a return on equity of 17.92%. During the same quarter in the prior year, the firm posted $1.99 earnings per share. As a group, research analysts predict that TotalEnergies SE will post 8.65 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Wolfe Research initiated coverage on TotalEnergies in a research report on Thursday, July 18th. They issued an “outperform” rating and a $87.00 price target on the stock. Scotiabank dropped their target price on shares of TotalEnergies from $86.00 to $80.00 and set a “sector perform” rating on the stock in a research report on Friday, July 12th.

TotalEnergies Profile

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.