Wealth Alliance Trims Position in TotalEnergies SE (NYSE:TTE)

Wealth Alliance lessened its stake in shares of TotalEnergies SE (NYSE:TTE) by 15.0% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,383 shares of the company’s stock after selling 3,762 shares during the quarter. Wealth Alliance’s holdings in TotalEnergies were worth $1,426,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in TTE. North Star Investment Management Corp. grew its holdings in TotalEnergies by 310.0% during 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 in the last quarter. Larson Financial Group LLC grew its holdings in TotalEnergies by 100.5% during the 2nd quarter. Larson Financial Group LLC now owns 423 shares of the company’s stock valued at $28,000 after buying an additional 212 shares in the last quarter. Pathway Financial Advisers LLC bought a new stake in shares of TotalEnergies during the 1st quarter valued at about $29,000. Frazier Financial Advisors LLC bought a new stake in shares of TotalEnergies during the 4th quarter valued at about $30,000. Finally, Creekmur Asset Management LLC bought a new stake in shares of TotalEnergies during the 4th quarter valued at about $31,000. Hedge funds and other institutional investors own 13.22% of the company’s stock.

Analyst Ratings Changes

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

TotalEnergies Stock Performance

NYSE:TTE opened at $68.36 on Wednesday. The business has a 50 day moving average of $67.90 and a 200 day moving average of $69.32. The company has a market capitalization of $161.43 billion, a price-to-earnings ratio of 7.72, a PEG ratio of 1.76 and a beta of 0.64. TotalEnergies SE has a 1-year low of $62.28 and a 1-year high of $74.97. 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 released its earnings results on Thursday, July 25th. The company reported $1.98 earnings per share for the quarter, missing analysts’ consensus estimates of $2.11 by ($0.13). The firm had revenue of $53.74 billion during the quarter, compared to the consensus estimate of $60.45 billion. TotalEnergies had a return on equity of 17.92% and a net margin of 9.49%. During the same quarter in the previous year, the firm earned $1.99 EPS. On average, sell-side analysts predict that TotalEnergies SE will post 8.65 earnings per share for the current fiscal year.

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.