Van ECK Associates Corp Raises Stock Position in TotalEnergies SE (NYSE:TTE)

Van ECK Associates Corp boosted its stake in TotalEnergies SE (NYSE:TTE) by 33.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 30,669 shares of the company’s stock after acquiring an additional 7,631 shares during the period. Van ECK Associates Corp’s holdings in TotalEnergies were worth $2,045,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. North Star Investment Management Corp. lifted its holdings 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 valued at $28,000 after purchasing an additional 310 shares during the last quarter. Pathway Financial Advisers LLC purchased a new stake in TotalEnergies in the first quarter valued at approximately $29,000. Frazier Financial Advisors LLC acquired a new stake in shares of TotalEnergies in the fourth quarter valued at approximately $30,000. Creekmur Asset Management LLC purchased a new position in shares of TotalEnergies during the fourth quarter worth approximately $31,000. Finally, Johnson Financial Group Inc. acquired a new position in shares of TotalEnergies in the 4th quarter valued at $33,000. Institutional investors and hedge funds own 13.22% of the company’s stock.

Analysts Set New Price Targets

TTE has been the topic of several research reports. Scotiabank lowered their price objective on shares of TotalEnergies from $86.00 to $80.00 and set a “sector perform” rating on the stock in a research report on Friday, July 12th. Wolfe Research assumed coverage on shares of TotalEnergies in a research report on Thursday, July 18th. They set an “outperform” rating and a $87.00 price objective for the company.

TotalEnergies Stock Down 0.8 %

TTE stock opened at $66.30 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.11 and a quick ratio of 0.87. TotalEnergies SE has a 12 month low of $62.28 and a 12 month high of $74.97. The firm has a market capitalization of $156.56 billion, a PE ratio of 7.48, a P/E/G ratio of 1.73 and a beta of 0.64. The company’s 50 day simple moving average is $68.19 and its 200-day simple moving average is $69.10.

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 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 company had revenue of $53.74 billion for the quarter, compared to analysts’ expectations of $60.45 billion. During the same period in the previous year, the business posted $1.99 EPS. Equities analysts expect that TotalEnergies SE will post 8.76 earnings per share for the current fiscal year.

About TotalEnergies

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.