TotalEnergies SE (NYSE:TTE) Shares Acquired by LGT Group Foundation

LGT Group Foundation lifted its position in shares of TotalEnergies SE (NYSE:TTE) by 14.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,961 shares of the company’s stock after acquiring an additional 3,768 shares during the quarter. LGT Group Foundation’s holdings in TotalEnergies were worth $1,990,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. BNP Paribas Financial Markets boosted its position in TotalEnergies by 159,211.0% during the first quarter. BNP Paribas Financial Markets now owns 434,919 shares of the company’s stock worth $29,935,000 after purchasing an additional 434,646 shares in the last quarter. Cloverfields Capital Group LP lifted its position in shares of TotalEnergies by 30.1% during the 4th quarter. Cloverfields Capital Group LP now owns 52,163 shares of the company’s stock valued at $3,515,000 after buying an additional 12,072 shares in the last quarter. Capital Wealth Planning LLC grew its stake in TotalEnergies by 94.8% in the 4th quarter. Capital Wealth Planning LLC now owns 38,420 shares of the company’s stock valued at $2,589,000 after acquiring an additional 18,699 shares during the period. Gabelli Funds LLC increased its holdings in TotalEnergies by 5.5% in the 1st quarter. Gabelli Funds LLC now owns 309,200 shares of the company’s stock worth $21,282,000 after acquiring an additional 16,200 shares in the last quarter. Finally, Tweedy Browne Co LLC acquired a new position in TotalEnergies during the first quarter worth $10,852,000. 13.22% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently issued reports on TTE shares. Wolfe Research began coverage on shares of TotalEnergies in a research report on Thursday, July 18th. They issued an “outperform” rating and a $87.00 target price on the stock. Scotiabank lowered their price objective on 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 Up 1.6 %

Shares of TTE opened at $67.37 on Tuesday. The firm’s fifty day moving average is $68.17 and its two-hundred day moving average is $69.20. The stock has a market cap of $159.09 billion, a PE ratio of 7.60, a price-to-earnings-growth ratio of 1.74 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. TotalEnergies SE has a 52-week low of $62.28 and a 52-week high of $74.97.

TotalEnergies (NYSE:TTE) last announced its quarterly earnings data on Thursday, July 25th. The company reported $1.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.11 by ($0.13). TotalEnergies had a net margin of 9.49% and a return on equity of 17.92%. The business had revenue of $53.74 billion for the quarter, compared to analysts’ expectations of $60.45 billion. During the same period in the prior year, the company posted $1.99 EPS. Research analysts forecast that TotalEnergies SE will post 8.67 earnings per share 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.