Confluence Investment Management LLC Buys 231 Shares of TotalEnergies SE (NYSE:TTE)

Confluence Investment Management LLC grew its stake in shares of TotalEnergies SE (NYSE:TTE) by 1.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,319 shares of the company’s stock after buying an additional 231 shares during the period. Confluence Investment Management LLC’s holdings in TotalEnergies were worth $821,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TTE. Key Financial Inc lifted its holdings in shares of TotalEnergies by 139.0% during the 4th quarter. Key Financial Inc now owns 380 shares of the company’s stock valued at $26,000 after purchasing an additional 221 shares in the last quarter. North Star Investment Management Corp. increased its position in shares of TotalEnergies by 310.0% during the 1st quarter. North Star Investment Management Corp. now owns 410 shares of the company’s stock worth $28,000 after purchasing an additional 310 shares during the last quarter. Evolution Advisers Inc. acquired a new position in shares of TotalEnergies during the 4th quarter worth approximately $29,000. Pathway Financial Advisers LLC acquired a new position in shares of TotalEnergies during the 1st quarter worth approximately $29,000. Finally, Frazier Financial Advisors LLC acquired a new position in shares of TotalEnergies during the 4th quarter worth approximately $30,000. Institutional investors own 13.22% of the company’s stock.

Analyst Ratings Changes

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

TotalEnergies Stock Performance

Shares of TTE stock traded down $0.37 during trading on Friday, reaching $66.56. 1,572,668 shares of the company’s stock were exchanged, compared to its average volume of 1,100,544. The company has a quick ratio of 0.87, a current ratio of 1.11 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $157.18 billion, a PE ratio of 7.51, a PEG ratio of 1.70 and a beta of 0.64. TotalEnergies SE has a twelve month low of $58.53 and a twelve month high of $74.97. The firm’s fifty day moving average price is $68.58 and its 200-day moving average price is $68.51.

TotalEnergies (NYSE:TTE) last released its quarterly earnings results 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). The firm had revenue of $53.74 billion during the quarter, compared to the consensus estimate 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 firm earned $1.99 earnings per share. As a group, sell-side analysts anticipate that TotalEnergies SE will post 8.94 EPS for the current 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.