Capital Wealth Planning LLC Has $3.57 Million Stock Holdings in TotalEnergies SE (NYSE:TTE)

Capital Wealth Planning LLC lifted its position in TotalEnergies SE (NYSE:TTE) by 64.5% during the second quarter, HoldingsChannel.com reports. The fund owned 53,473 shares of the company’s stock after purchasing an additional 20,957 shares during the period. Capital Wealth Planning LLC’s holdings in TotalEnergies were worth $3,566,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Fisher Asset Management LLC increased its stake in TotalEnergies by 1.8% during the 4th quarter. Fisher Asset Management LLC now owns 21,144,503 shares of the company’s stock worth $1,424,717,000 after purchasing an additional 379,198 shares in the last quarter. Wells Fargo & Company MN increased its stake in TotalEnergies by 1.0% during the 4th quarter. Wells Fargo & Company MN now owns 6,920,067 shares of the company’s stock worth $466,274,000 after purchasing an additional 70,394 shares in the last quarter. Capital International Investors increased its stake in TotalEnergies by 2.1% during the 1st quarter. Capital International Investors now owns 4,858,097 shares of the company’s stock worth $334,383,000 after purchasing an additional 100,059 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in TotalEnergies by 3.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,592,234 shares of the company’s stock worth $174,665,000 after purchasing an additional 86,642 shares in the last quarter. Finally, Natixis Advisors LLC increased its stake in TotalEnergies by 3.4% during the 2nd quarter. Natixis Advisors LLC now owns 2,160,603 shares of the company’s stock worth $144,069,000 after purchasing an additional 71,658 shares in the last quarter. 13.22% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

TTE has been the subject of a number of research reports. Wolfe Research initiated coverage on TotalEnergies in a research note on Thursday, July 18th. They set an “outperform” rating and a $87.00 target price for the company. Scotiabank decreased their price target 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.

TotalEnergies Price Performance

Shares of TTE opened at $67.65 on Monday. The stock has a market capitalization of $159.75 billion, a P/E ratio of 7.64, a P/E/G ratio of 1.76 and a beta of 0.64. TotalEnergies SE has a twelve month low of $62.28 and a twelve month high of $74.97. The company has a 50 day moving average of $67.92 and a 200-day moving average of $69.27. 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 (NYSE:TTE) last issued its quarterly earnings results on Thursday, July 25th. The company reported $1.98 earnings per share for the quarter, missing the consensus estimate of $2.11 by ($0.13). The business had revenue of $53.74 billion for the quarter, compared to the consensus estimate of $60.45 billion. TotalEnergies had a return on equity of 17.92% and a net margin of 9.49%. During the same period in the prior year, the business earned $1.99 earnings per share. As a group, equities research analysts forecast that TotalEnergies SE will post 8.65 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.