TotalEnergies SE (NYSE:TTE) Holdings Raised by Moors & Cabot Inc.

Moors & Cabot Inc. raised its position in shares of TotalEnergies SE (NYSE:TTE) by 4.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 35,668 shares of the company’s stock after buying an additional 1,391 shares during the quarter. Moors & Cabot Inc.’s holdings in TotalEnergies were worth $2,378,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets increased its holdings in shares of TotalEnergies by 159,211.0% in the 1st quarter. BNP Paribas Financial Markets now owns 434,919 shares of the company’s stock valued at $29,935,000 after purchasing an additional 434,646 shares during the period. Cloverfields Capital Group LP lifted its position in shares of TotalEnergies by 30.1% during the 4th quarter. Cloverfields Capital Group LP now owns 52,163 shares of the company’s stock worth $3,515,000 after purchasing an additional 12,072 shares during the last quarter. Gabelli Funds LLC lifted its holdings in shares of TotalEnergies by 5.5% during the first quarter. Gabelli Funds LLC now owns 309,200 shares of the company’s stock worth $21,282,000 after buying an additional 16,200 shares during the last quarter. Tweedy Browne Co LLC acquired a new position in TotalEnergies during the 1st quarter valued at $10,852,000. Finally, Norden Group LLC acquired a new position in shares of TotalEnergies during the first quarter valued at about $1,300,000. Institutional investors and hedge funds own 13.22% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on TTE shares. Wolfe Research initiated coverage on shares of TotalEnergies in a report on Thursday, July 18th. They set an “outperform” rating and a $87.00 price objective for the company. Scotiabank dropped their target price on TotalEnergies from $86.00 to $80.00 and set a “sector perform” rating for the company in a report on Friday, July 12th.

TotalEnergies Trading Up 0.4 %

Shares of TotalEnergies stock opened at $68.36 on Wednesday. TotalEnergies SE has a 12-month low of $62.28 and a 12-month high of $74.97. The stock has a market capitalization of $161.43 billion, a P/E ratio of 7.72, a price-to-earnings-growth ratio of 1.76 and a beta of 0.64. The company has a 50-day simple moving average of $67.90 and a 200 day simple moving average of $69.32. 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 data 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). 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 the consensus estimate of $60.45 billion. During the same period in the prior year, the company posted $1.99 earnings per share. Research analysts expect that TotalEnergies SE will post 8.65 earnings per share 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.