Signature Estate & Investment Advisors LLC Purchases New Holdings in TotalEnergies SE (NYSE:TTE)

Signature Estate & Investment Advisors LLC acquired a new position in shares of TotalEnergies SE (NYSE:TTE) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 6,262 shares of the company’s stock, valued at approximately $418,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. North Star Investment Management Corp. increased its holdings in TotalEnergies by 310.0% in 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 during the period. Pathway Financial Advisers LLC bought a new stake in TotalEnergies during the first quarter worth $29,000. Frazier Financial Advisors LLC acquired a new stake in shares of TotalEnergies in the 4th quarter valued at $30,000. Tower Research Capital LLC TRC bought a new stake in shares of TotalEnergies during the 4th quarter worth $31,000. Finally, Creekmur Asset Management LLC acquired a new position in TotalEnergies during the fourth quarter worth about $31,000. 13.22% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have weighed in on TTE. Wolfe Research assumed coverage on shares of TotalEnergies in a research note on Thursday, July 18th. They set an “outperform” rating and a $87.00 target price on the stock. Scotiabank lowered their target price on TotalEnergies from $86.00 to $80.00 and set a “sector perform” rating for the company in a report on Friday, July 12th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, TotalEnergies presently has a consensus rating of “Hold” and a consensus price target of $82.00.

TotalEnergies Trading Down 0.4 %

NYSE TTE opened at $70.17 on Wednesday. TotalEnergies SE has a one year low of $62.28 and a one 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. The business has a 50 day simple moving average of $67.99 and a 200 day simple moving average of $68.97. The stock has a market capitalization of $165.70 billion, a P/E ratio of 7.92, a P/E/G ratio of 1.76 and a beta of 0.64.

TotalEnergies (NYSE:TTE) last announced its quarterly earnings data on Thursday, July 25th. The company reported $1.98 EPS for the quarter, missing analysts’ consensus estimates of $2.11 by ($0.13). TotalEnergies had a net margin of 9.49% and a return on equity of 17.92%. The firm had revenue of $53.74 billion during the quarter, compared to analyst estimates of $60.45 billion. During the same period last year, the business posted $1.99 EPS. Research analysts expect 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.