Sivia Capital Partners LLC Acquires 562 Shares of TotalEnergies SE (NYSE:TTE)

Sivia Capital Partners LLC increased its stake in shares of TotalEnergies SE (NYSE:TTE) by 17.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,861 shares of the company’s stock after acquiring an additional 562 shares during the quarter. Sivia Capital Partners LLC’s holdings in TotalEnergies were worth $257,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Private Trust Co. NA increased its holdings 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 purchasing an additional 149 shares during the period. Geneos Wealth Management Inc. raised its holdings in TotalEnergies by 3.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 4,379 shares of the company’s stock valued at $301,000 after acquiring an additional 153 shares in the last quarter. Hexagon Capital Partners LLC lifted its position in shares of TotalEnergies by 5.1% in the 2nd quarter. Hexagon Capital Partners LLC now owns 3,406 shares of the company’s stock worth $227,000 after acquiring an additional 164 shares during the period. Opal Wealth Advisors LLC grew its holdings 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 purchasing an additional 187 shares in the last quarter. Finally, Delta Financial Group Inc. increased its position in shares of TotalEnergies by 3.1% during the first quarter. Delta Financial Group Inc. now owns 6,250 shares of the company’s stock valued at $430,000 after purchasing an additional 190 shares during the period. 13.22% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TTE has been the topic of a number of recent research reports. Scotiabank decreased their price target on shares of TotalEnergies from $86.00 to $80.00 and set a “sector perform” rating on the stock in a research note on Friday, July 12th. Wolfe Research assumed coverage on shares of TotalEnergies in a research note on Thursday, July 18th. They issued an “outperform” rating and a $87.00 target price on the stock.

TotalEnergies Stock Performance

Shares of NYSE:TTE opened at $66.30 on Friday. The business’s fifty day moving average price is $68.19 and its two-hundred day moving average price is $69.10. TotalEnergies SE has a fifty-two week low of $62.28 and a fifty-two week high of $74.97. The stock has a market capitalization of $156.56 billion, a price-to-earnings ratio of 7.48, a price-to-earnings-growth ratio of 1.73 and a beta of 0.64. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.11 and a quick ratio of 0.87.

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). TotalEnergies had a return on equity of 17.92% and a net margin of 9.49%. The firm had revenue of $53.74 billion during the quarter, compared to the consensus estimate of $60.45 billion. During the same period in the previous year, the company posted $1.99 EPS. As a group, analysts predict that TotalEnergies SE will post 8.76 EPS for the current fiscal year.

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.