Mount Yale Investment Advisors LLC Increases Stock Position in TotalEnergies SE (NYSE:TTE)

Mount Yale Investment Advisors LLC boosted its stake in shares of TotalEnergies SE (NYSE:TTE) by 19.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,195 shares of the company’s stock after buying an additional 4,217 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in TotalEnergies were worth $1,803,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of TTE. Sei Investments Co. boosted its stake in TotalEnergies by 158.2% during the first quarter. Sei Investments Co. now owns 928,103 shares of the company’s stock worth $63,881,000 after buying an additional 568,672 shares during the period. International Assets Investment Management LLC boosted 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 during the period. Natixis Advisors L.P. boosted its stake in TotalEnergies by 29.4% during the fourth quarter. Natixis Advisors L.P. now owns 1,988,119 shares of the company’s stock worth $133,959,000 after buying an additional 451,597 shares during the period. BNP Paribas Financial Markets boosted its stake 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 buying an additional 434,646 shares during the period. Finally, Fisher Asset Management LLC boosted its stake in TotalEnergies by 2.0% during the fourth quarter. Fisher Asset Management LLC now owns 21,184,792 shares of the company’s stock worth $1,427,431,000 after buying an additional 419,487 shares during the period. Hedge funds and other institutional investors own 13.22% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Piper Sandler lifted their price objective on shares of TotalEnergies from $75.00 to $79.00 and gave the company a “neutral” rating in a report on Thursday, April 18th. Scotiabank dropped their price objective on shares of TotalEnergies from $86.00 to $80.00 and set a “sector perform” rating for the company in a report on Friday, July 12th. Finally, Wolfe Research assumed coverage on shares of TotalEnergies in a report on Thursday, July 18th. They issued an “outperform” rating and a $87.00 price objective for the company. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $76.00.

TotalEnergies Stock Down 0.8 %

NYSE TTE traded down $0.53 on Monday, hitting $67.32. 1,023,349 shares of the stock were exchanged, compared to its average volume of 1,497,152. 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 fifty-two week low of $57.97 and a fifty-two week high of $74.97. The company has a market cap of $158.97 billion, a PE ratio of 7.55, a PEG ratio of 1.69 and a beta of 0.64. The company has a 50-day moving average price of $68.99 and a 200-day moving average price of $68.48.

TotalEnergies (NYSE:TTE) last posted its quarterly earnings results on Thursday, July 25th. The company reported $1.98 EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $60.45 billion. During the same quarter last year, the firm earned $1.99 EPS. Sell-side analysts anticipate that TotalEnergies SE will post 9 EPS for the current fiscal year.

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.