Alaethes Wealth LLC Buys 497 Shares of TotalEnergies SE (NYSE:TTE)

Alaethes Wealth LLC lifted its position in TotalEnergies SE (NYSE:TTE) by 1.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,574 shares of the company’s stock after buying an additional 497 shares during the quarter. Alaethes Wealth LLC’s holdings in TotalEnergies were worth $1,929,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Legacy Financial Advisors Inc. raised its stake in TotalEnergies by 4.2% in the second quarter. Legacy Financial Advisors Inc. now owns 14,448 shares of the company’s stock valued at $963,000 after buying an additional 583 shares during the period. Callan Capital LLC raised its stake in TotalEnergies by 50.8% in the 2nd quarter. Callan Capital LLC now owns 10,614 shares of the company’s stock valued at $708,000 after acquiring an additional 3,575 shares during the period. Benjamin Edwards Inc. acquired a new stake in TotalEnergies during the 2nd quarter valued at $340,000. Wealth Advisors of Tampa Bay LLC lifted its holdings in TotalEnergies by 0.3% during the 2nd 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 during the last quarter. Finally, Altrius Capital Management Inc boosted its position in TotalEnergies by 1.5% during the second quarter. Altrius Capital Management Inc now owns 121,356 shares of the company’s stock worth $8,092,000 after purchasing an additional 1,763 shares during the period. 13.22% of the stock is owned by institutional investors.

TotalEnergies Stock Down 0.1 %

Shares of TTE opened at $69.06 on Friday. The stock has a market capitalization of $163.08 billion, a price-to-earnings ratio of 7.79, a PEG ratio of 1.78 and a beta of 0.64. TotalEnergies SE has a 52 week low of $62.28 and a 52 week 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 stock has a fifty day moving average of $67.91 and a 200-day moving average of $69.31.

TotalEnergies (NYSE:TTE) last issued its quarterly earnings results on Thursday, July 25th. The company reported $1.98 EPS for the quarter, missing analysts’ consensus estimates of $2.11 by ($0.13). The business had revenue of $53.74 billion for 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 last year, the firm posted $1.99 EPS. As a group, sell-side analysts anticipate that TotalEnergies SE will post 8.65 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

TTE has been the subject of several research reports. Scotiabank dropped their price target on TotalEnergies from $86.00 to $80.00 and set a “sector perform” rating for the company in a report on Friday, July 12th. Wolfe Research started coverage on TotalEnergies in a report on Thursday, July 18th. They set an “outperform” rating and a $87.00 target price for the company.

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.