Cohen Investment Advisors LLC Purchases 1,482 Shares of TotalEnergies SE (NYSE:TTE)

Cohen Investment Advisors LLC increased its position in shares of TotalEnergies SE (NYSE:TTE) by 19.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,073 shares of the company’s stock after purchasing an additional 1,482 shares during the period. Cohen Investment Advisors LLC’s holdings in TotalEnergies were worth $597,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Sei Investments Co. raised its stake in TotalEnergies by 158.2% in the 1st quarter. Sei Investments Co. now owns 928,103 shares of the company’s stock worth $63,881,000 after purchasing an additional 568,672 shares in the last quarter. International Assets Investment Management LLC grew its stake in TotalEnergies by 6,549.9% during the fourth quarter. International Assets Investment Management LLC now owns 503,396 shares of the company’s stock worth $33,919,000 after buying an additional 495,826 shares in the last quarter. Natixis Advisors L.P. lifted its holdings in shares of TotalEnergies by 29.4% during the 4th quarter. Natixis Advisors L.P. now owns 1,988,119 shares of the company’s stock worth $133,959,000 after acquiring an additional 451,597 shares during the period. BNP Paribas Financial Markets boosted its position in shares of TotalEnergies by 159,211.0% during the 1st quarter. BNP Paribas Financial Markets now owns 434,919 shares of the company’s stock worth $29,935,000 after acquiring an additional 434,646 shares in the last quarter. Finally, Fisher Asset Management LLC raised its position in TotalEnergies by 2.0% during the fourth quarter. Fisher Asset Management LLC now owns 21,184,792 shares of the company’s stock valued at $1,427,431,000 after purchasing an additional 419,487 shares in the last quarter. 13.22% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on TTE shares. Wolfe Research initiated coverage on TotalEnergies in a research note on Thursday, July 18th. They issued an “outperform” rating and a $87.00 price target on the stock. Scotiabank decreased their target price on TotalEnergies from $86.00 to $80.00 and set a “sector perform” rating on the stock in a research report on Friday, July 12th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, TotalEnergies has an average rating of “Hold” and an average target price of $82.00.

TotalEnergies Price Performance

Shares of NYSE:TTE traded up $0.68 during trading on Monday, hitting $70.41. 2,259,003 shares of the company were exchanged, compared to its average volume of 1,438,791. TotalEnergies SE has a 1-year low of $62.28 and a 1-year high of $74.97. The company has a market capitalization of $166.27 billion, a P/E ratio of 7.95, a price-to-earnings-growth ratio of 1.76 and a beta of 0.64. 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 business’s 50 day moving average is $67.92 and its 200-day moving average is $68.93.

TotalEnergies (NYSE:TTE) last issued its earnings results on Thursday, July 25th. The company reported $1.98 earnings per share (EPS) 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 firm had revenue of $53.74 billion during the quarter, compared to analyst estimates of $60.45 billion. During the same period in the previous year, the company earned $1.99 EPS. Equities analysts forecast that TotalEnergies SE will post 8.84 earnings per share for the current 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.