Creative Planning Grows Stock Holdings in TotalEnergies SE (NYSE:TTE)

Creative Planning raised its position in shares of TotalEnergies SE (NYSE:TTE) by 13.2% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 158,045 shares of the company’s stock after acquiring an additional 18,412 shares during the period. Creative Planning’s holdings in TotalEnergies were worth $10,213,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. Capital International Investors lifted its position in shares of TotalEnergies by 2.1% during the first quarter. Capital International Investors now owns 4,858,097 shares of the company’s stock valued at $334,383,000 after buying an additional 100,059 shares during the last quarter. Natixis Advisors LLC grew its position in shares of TotalEnergies by 3.4% in the second quarter. Natixis Advisors LLC now owns 2,160,603 shares of the company’s stock valued at $144,069,000 after purchasing an additional 71,658 shares during the period. Clearbridge Investments LLC lifted its stake in shares of TotalEnergies by 1.5% in the first quarter. Clearbridge Investments LLC now owns 2,039,311 shares of the company’s stock worth $140,366,000 after buying an additional 31,123 shares in the last quarter. Equity Investment Corp lifted its stake in shares of TotalEnergies by 0.6% in the second quarter. Equity Investment Corp now owns 1,820,748 shares of the company’s stock worth $121,407,000 after buying an additional 10,707 shares in the last quarter. Finally, Energy Income Partners LLC lifted its stake in shares of TotalEnergies by 8.8% in the first quarter. Energy Income Partners LLC now owns 1,014,779 shares of the company’s stock worth $69,847,000 after buying an additional 82,175 shares in the last quarter. 13.22% of the stock is currently owned by institutional investors.

TotalEnergies Trading Down 0.1 %

NYSE TTE opened at $64.83 on Wednesday. TotalEnergies SE has a one year low of $62.59 and a one year high of $74.97. The company’s 50 day moving average price is $67.68 and its 200 day moving average price is $69.18. 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 firm has a market capitalization of $153.09 billion, a price-to-earnings ratio of 7.32, a PEG ratio of 1.80 and a beta of 0.63.

TotalEnergies (NYSE:TTE) last released its quarterly earnings data 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 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 period in the prior year, the firm earned $1.99 EPS. On average, sell-side analysts predict that TotalEnergies SE will post 8.17 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on TTE shares. Scotiabank reduced their target price on shares of TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 10th. The Goldman Sachs Group upgraded shares of TotalEnergies to a “hold” rating in a report on Thursday, October 3rd. UBS Group upgraded shares of TotalEnergies to a “strong-buy” rating in a report on Wednesday, October 9th. TD Cowen cut shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a report on Monday, September 30th. Finally, 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 price target for the company. Five research analysts have rated the stock with a hold rating, one has assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $78.75.

TotalEnergies Company 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.