Cardinal Capital Management Increases Position in TotalEnergies SE (NYSE:TTE)

Cardinal Capital Management grew its holdings in shares of TotalEnergies SE (NYSE:TTE) by 1.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 41,814 shares of the company’s stock after purchasing an additional 469 shares during the period. Cardinal Capital Management’s holdings in TotalEnergies were worth $2,738,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Bleakley Financial Group LLC raised its stake in TotalEnergies by 6.4% during the third quarter. Bleakley Financial Group LLC now owns 58,406 shares of the company’s stock valued at $3,774,000 after buying an additional 3,535 shares during the last quarter. Good Life Advisors LLC increased its holdings in shares of TotalEnergies by 8.7% during the third quarter. Good Life Advisors LLC now owns 7,709 shares of the company’s stock valued at $498,000 after acquiring an additional 616 shares in the last quarter. Creative Planning raised its position in shares of TotalEnergies by 13.2% in the 3rd quarter. Creative Planning now owns 158,045 shares of the company’s stock worth $10,213,000 after purchasing an additional 18,412 shares during the last quarter. Gilman Hill Asset Management LLC boosted its stake in TotalEnergies by 6.0% in the 3rd quarter. Gilman Hill Asset Management LLC now owns 78,680 shares of the company’s stock worth $5,084,000 after purchasing an additional 4,455 shares in the last quarter. Finally, Koshinski Asset Management Inc. purchased a new stake in TotalEnergies during the 3rd quarter valued at about $235,000. 13.22% of the stock is owned by institutional investors.

TotalEnergies Price Performance

Shares of TTE opened at $65.00 on Friday. The firm has a fifty day simple moving average of $67.77 and a two-hundred day simple moving average of $69.31. The firm has a market cap of $153.49 billion, a PE ratio of 7.37, a P/E/G ratio of 1.86 and a beta of 0.63. The company has a current ratio of 1.11, a quick ratio of 0.87 and a debt-to-equity ratio of 0.35. TotalEnergies SE has a 1-year low of $62.59 and a 1-year high of $74.97.

TotalEnergies (NYSE:TTE) last posted 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). The firm had revenue of $53.74 billion for the quarter, compared to analysts’ expectations of $60.45 billion. TotalEnergies had a net margin of 9.49% and a return on equity of 17.92%. During the same quarter last year, the company posted $1.99 EPS. On average, equities analysts anticipate that TotalEnergies SE will post 8.29 EPS for the current year.

Analyst Upgrades and Downgrades

TTE has been the subject of several recent analyst reports. The Goldman Sachs Group raised shares of TotalEnergies to a “hold” rating in a report on Thursday, October 3rd. Barclays raised TotalEnergies to a “strong-buy” rating in a research report on Wednesday, October 2nd. UBS Group raised TotalEnergies to a “strong-buy” rating in a report on Wednesday, October 9th. Scotiabank lowered their price target on TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating on the stock in a report on Thursday, October 10th. Finally, TD Cowen downgraded TotalEnergies from a “strong-buy” rating to a “hold” rating in a report on Monday, September 30th. Five analysts have rated the stock with a hold rating, one has issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $78.75.

TotalEnergies 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.