Hendershot Investments Inc. Invests $709,000 in TotalEnergies SE (NYSE:TTE)

Hendershot Investments Inc. acquired a new position in TotalEnergies SE (NYSE:TTE) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 10,632 shares of the company’s stock, valued at approximately $709,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of TTE. North Star Investment Management Corp. grew its position in shares of TotalEnergies by 310.0% in the 1st quarter. North Star Investment Management Corp. now owns 410 shares of the company’s stock worth $28,000 after buying an additional 310 shares during the last quarter. Larson Financial Group LLC boosted its stake in TotalEnergies by 100.5% in the 2nd quarter. Larson Financial Group LLC now owns 423 shares of the company’s stock worth $28,000 after purchasing an additional 212 shares in the last quarter. Pathway Financial Advisers LLC acquired a new stake in TotalEnergies in the 1st quarter worth approximately $29,000. Frazier Financial Advisors LLC acquired a new stake in TotalEnergies in the 4th quarter worth approximately $30,000. Finally, Creekmur Asset Management LLC acquired a new stake in TotalEnergies in the 4th quarter worth approximately $31,000. Hedge funds and other institutional investors own 13.22% of the company’s stock.

TotalEnergies Stock Performance

Shares of NYSE TTE opened at $66.81 on Friday. 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 12 month low of $62.28 and a 12 month high of $74.97. The company has a 50 day simple moving average of $68.20 and a two-hundred day simple moving average of $69.09. The stock has a market cap of $157.77 billion, a price-to-earnings ratio of 7.54, a PEG ratio of 1.79 and a beta of 0.64.

TotalEnergies (NYSE:TTE) last announced its quarterly earnings data 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 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 analyst estimates of $60.45 billion. During the same quarter in the previous year, the firm posted $1.99 earnings per share. As a group, analysts predict that TotalEnergies SE will post 8.77 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on TTE. 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. Wolfe Research began coverage on shares of TotalEnergies in a research note on Thursday, July 18th. They issued an “outperform” rating and a $87.00 target price for the company.

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.