Eagle Bay Advisors LLC Acquires 1,074 Shares of TotalEnergies SE (NYSE:TTE)

Eagle Bay Advisors LLC increased its stake in TotalEnergies SE (NYSE:TTE) by 322.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,407 shares of the company’s stock after purchasing an additional 1,074 shares during the quarter. Eagle Bay Advisors LLC’s holdings in TotalEnergies were worth $96,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Fisher Asset Management LLC raised its stake in shares of TotalEnergies by 2.0% in the fourth quarter. Fisher Asset Management LLC now owns 21,184,792 shares of the company’s stock worth $1,427,431,000 after buying an additional 419,487 shares during the period. Wells Fargo & Company MN raised its stake in TotalEnergies by 1.0% during the 4th quarter. Wells Fargo & Company MN now owns 6,920,067 shares of the company’s stock worth $466,274,000 after acquiring an additional 70,394 shares during the period. Capital International Investors raised its stake in TotalEnergies by 2.1% during the 1st quarter. Capital International Investors now owns 4,858,097 shares of the company’s stock worth $334,383,000 after acquiring an additional 100,059 shares during the period. Goldman Sachs Group Inc. lifted its holdings in TotalEnergies by 3.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,592,234 shares of the company’s stock valued at $174,665,000 after purchasing an additional 86,642 shares in the last quarter. Finally, Clearbridge Investments LLC boosted its position 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 purchasing an additional 31,123 shares during the period. 13.22% of the stock is currently owned by hedge funds and other institutional investors.

TotalEnergies Price Performance

TTE stock traded down $0.80 during midday trading on Wednesday, hitting $69.37. The company’s stock had a trading volume of 247,468 shares, compared to its average volume of 1,438,961. The company has a quick ratio of 0.87, a current ratio of 1.11 and a debt-to-equity ratio of 0.35. TotalEnergies SE has a 12 month low of $62.28 and a 12 month high of $74.97. The company has a 50 day moving average of $67.99 and a two-hundred day moving average of $68.97. The firm has a market capitalization of $163.81 billion, a price-to-earnings ratio of 7.92, a price-to-earnings-growth ratio of 1.76 and a beta of 0.64.

TotalEnergies (NYSE:TTE) last posted its earnings results 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). The company had revenue of $53.74 billion for the quarter, compared to analysts’ expectations of $60.45 billion. TotalEnergies had a net margin of 9.49% and a return on equity of 17.92%. During the same period in the previous year, the business posted $1.99 earnings per share. On average, analysts expect that TotalEnergies SE will post 8.84 EPS for the current year.

Wall Street Analyst Weigh In

TTE has been the topic of several recent analyst reports. Scotiabank decreased their price objective 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. Wolfe Research began coverage on TotalEnergies in a research note on Thursday, July 18th. They issued an “outperform” rating and a $87.00 price target for the company. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, TotalEnergies presently has a consensus rating of “Hold” and a consensus target price of $82.00.

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.