Park Avenue Securities LLC Has $2.27 Million Stock Holdings in TotalEnergies SE (NYSE:TTE)

Park Avenue Securities LLC lifted its holdings in TotalEnergies SE (NYSE:TTE) by 1.1% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 34,051 shares of the company’s stock after purchasing an additional 360 shares during the quarter. Park Avenue Securities LLC’s holdings in TotalEnergies were worth $2,271,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of TTE. Prime Capital Investment Advisors LLC acquired a new position in shares of TotalEnergies in the 4th quarter valued at approximately $491,000. Stratos Wealth Partners LTD. bought a new stake in TotalEnergies in the 4th quarter valued at approximately $387,000. Mirae Asset Global Investments Co. Ltd. lifted its stake in TotalEnergies by 5.9% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 126,453 shares of the company’s stock valued at $8,520,000 after acquiring an additional 7,062 shares in the last quarter. Bleakley Financial Group LLC lifted its stake in TotalEnergies by 7.8% in the 4th quarter. Bleakley Financial Group LLC now owns 59,616 shares of the company’s stock valued at $4,017,000 after acquiring an additional 4,337 shares in the last quarter. Finally, International Assets Investment Management LLC lifted its stake in TotalEnergies by 6,549.9% in the 4th quarter. International Assets Investment Management LLC now owns 503,396 shares of the company’s stock valued at $33,919,000 after acquiring an additional 495,826 shares in the last quarter. 13.22% of the stock is currently owned by institutional investors and hedge funds.

TotalEnergies Stock Performance

Shares of TTE stock traded up $1.20 during trading on Wednesday, reaching $66.18. 862,263 shares of the company’s stock were exchanged, compared to its average volume of 1,482,479. The company has a quick ratio of 0.87, a current ratio of 1.11 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $156.28 billion, a PE ratio of 7.48, a PEG ratio of 1.69 and a beta of 0.64. TotalEnergies SE has a twelve month low of $59.51 and a twelve month high of $74.97. The firm’s fifty day moving average price is $68.32 and its 200-day moving average price is $68.57.

TotalEnergies (NYSE:TTE) last posted 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). TotalEnergies had a return on equity of 17.92% and a net margin of 9.49%. The business had revenue of $53.74 billion for the quarter, compared to analyst estimates of $60.45 billion. During the same period in the previous year, the firm posted $1.99 earnings per share. As a group, sell-side analysts anticipate that TotalEnergies SE will post 8.94 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on TTE shares. Piper Sandler boosted their target price on TotalEnergies from $75.00 to $79.00 and gave the company a “neutral” rating in a research note on Thursday, April 18th. Wolfe Research started coverage on TotalEnergies in a research note on Thursday, July 18th. They issued an “outperform” rating and a $87.00 target price on the stock. Finally, Scotiabank cut their target price on TotalEnergies from $86.00 to $80.00 and set a “sector perform” rating on the stock in a research note on Friday, July 12th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, TotalEnergies presently has an average rating of “Hold” and an average target price of $76.00.

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.