WESPAC Advisors LLC Acquires New Stake in TotalEnergies SE (NYSE:TTE)

WESPAC Advisors LLC bought a new stake in TotalEnergies SE (NYSE:TTE) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 7,545 shares of the company’s stock, valued at approximately $503,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. North Star Investment Management Corp. raised its position in shares of TotalEnergies by 310.0% in the first 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 last quarter. Pathway Financial Advisers LLC acquired a new position in TotalEnergies in the 1st quarter valued at $29,000. Frazier Financial Advisors LLC acquired a new position in TotalEnergies in the 4th quarter valued at $30,000. Tower Research Capital LLC TRC purchased a new position in shares of TotalEnergies during the 4th quarter worth $31,000. Finally, Creekmur Asset Management LLC acquired a new stake in shares of TotalEnergies during the fourth quarter worth $31,000. 13.22% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Wolfe Research started coverage on TotalEnergies in a research report on Thursday, July 18th. They set an “outperform” rating and a $87.00 target price on the stock. Scotiabank cut their price objective on shares of TotalEnergies from $86.00 to $80.00 and set a “sector perform” rating on the stock in a report on Friday, July 12th.

TotalEnergies Trading Down 0.9 %

Shares of TTE traded down $0.60 during trading hours on Friday, hitting $69.00. The stock had a trading volume of 1,112,811 shares, compared to its average volume of 1,434,873. TotalEnergies SE has a 12-month low of $62.28 and a 12-month high of $74.97. The firm has a market cap of $162.94 billion, a P/E ratio of 7.78, a P/E/G ratio of 1.81 and a beta of 0.64. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.87 and a current ratio of 1.11. The company’s fifty day simple moving average is $68.18 and its 200 day simple moving average is $69.01.

TotalEnergies (NYSE:TTE) last released 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 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 analysts’ expectations of $60.45 billion. During the same quarter last year, the business earned $1.99 earnings per share. Equities research analysts forecast that TotalEnergies SE will post 8.84 EPS for the current fiscal year.

About TotalEnergies

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.