Silvercrest Asset Management Group LLC Raises Stock Position in TotalEnergies SE (NYSE:TTE)

Silvercrest Asset Management Group LLC raised its stake in shares of TotalEnergies SE (NYSE:TTE) by 8.9% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 107,644 shares of the company’s stock after purchasing an additional 8,827 shares during the quarter. Silvercrest Asset Management Group LLC’s holdings in TotalEnergies were worth $7,409,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Mount Yale Investment Advisors LLC grew its position in TotalEnergies by 19.2% during the 1st quarter. Mount Yale Investment Advisors LLC now owns 26,195 shares of the company’s stock valued at $1,803,000 after purchasing an additional 4,217 shares during the last quarter. Energy Income Partners LLC raised its stake in TotalEnergies by 8.8% during the 1st quarter. Energy Income Partners LLC now owns 1,014,779 shares of the company’s stock worth $69,847,000 after acquiring an additional 82,175 shares during the period. LRI Investments LLC bought a new stake in TotalEnergies during the 1st quarter worth approximately $276,000. Guardian Capital Advisors LP raised its stake in TotalEnergies by 28.8% during the 1st quarter. Guardian Capital Advisors LP now owns 127,328 shares of the company’s stock worth $9,136,000 after acquiring an additional 28,452 shares during the period. Finally, Cloverfields Capital Group LP raised its stake in TotalEnergies by 0.8% during the 1st quarter. Cloverfields Capital Group LP now owns 52,573 shares of the company’s stock worth $3,619,000 after acquiring an additional 410 shares during the period. 13.22% of the stock is owned by hedge funds and other institutional investors.

TotalEnergies Stock Up 0.4 %

NYSE TTE opened at $67.61 on Wednesday. The business has a fifty day moving average price of $68.81 and a 200 day moving average price of $68.50. TotalEnergies SE has a one year low of $57.97 and a one year high of $74.97. 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 has a market cap of $159.66 billion, a P/E ratio of 7.63, a P/E/G ratio of 1.70 and a beta of 0.64.

TotalEnergies (NYSE:TTE) last released its quarterly earnings results on Thursday, July 25th. The company reported $1.98 earnings per share 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 business had revenue of $53.74 billion for the quarter, compared to analysts’ expectations of $60.45 billion. During the same quarter in the prior year, the company posted $1.99 earnings per share. Research analysts anticipate that TotalEnergies SE will post 9 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on TTE shares. 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 research report on Thursday, April 18th. Scotiabank lowered their target price on shares of TotalEnergies from $86.00 to $80.00 and set a “sector perform” rating for the company in a research note on Friday, July 12th. Finally, Wolfe Research began coverage on shares of TotalEnergies in a report on Thursday, July 18th. They issued an “outperform” rating and a $87.00 target price for the company. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, TotalEnergies presently has an average rating of “Hold” and an average target price of $76.00.

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.