Callan Capital LLC Purchases 3,575 Shares of TotalEnergies SE (NYSE:TTE)

Callan Capital LLC grew its position in shares of TotalEnergies SE (NYSE:TTE) by 50.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,614 shares of the company’s stock after buying an additional 3,575 shares during the quarter. Callan Capital LLC’s holdings in TotalEnergies were worth $708,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. 9258 Wealth Management LLC increased its stake in shares of TotalEnergies by 18.8% in the 4th quarter. 9258 Wealth Management LLC now owns 3,894 shares of the company’s stock worth $262,000 after purchasing an additional 616 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of TotalEnergies by 0.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 348,468 shares of the company’s stock worth $23,480,000 after purchasing an additional 2,959 shares in the last quarter. Coldstream Capital Management Inc. purchased a new stake in shares of TotalEnergies in the 4th quarter worth $232,000. Corient Private Wealth LLC increased its stake in shares of TotalEnergies by 0.6% in the 4th quarter. Corient Private Wealth LLC now owns 118,694 shares of the company’s stock worth $7,998,000 after purchasing an additional 703 shares in the last quarter. Finally, Assetmark Inc. increased its stake in shares of TotalEnergies by 13.8% in the 4th quarter. Assetmark Inc. now owns 111,672 shares of the company’s stock worth $7,524,000 after purchasing an additional 13,543 shares in the last quarter. 13.22% of the stock is owned by institutional investors.

TotalEnergies Stock Up 1.6 %

TTE opened at $69.15 on Friday. The firm has a 50-day simple moving average of $67.90 and a two-hundred day simple moving average of $69.31. TotalEnergies SE has a 52 week low of $62.28 and a 52 week high of $74.97. The company has a market capitalization of $163.29 billion, a PE ratio of 7.80, a price-to-earnings-growth ratio of 1.78 and a beta of 0.64. 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 released 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 company had revenue of $53.74 billion for the quarter, compared to the consensus estimate of $60.45 billion. During the same period last year, the company earned $1.99 EPS. Analysts forecast that TotalEnergies SE will post 8.65 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Wolfe Research assumed coverage on TotalEnergies in a research note on Thursday, July 18th. They issued an “outperform” rating and a $87.00 price target for the company. Scotiabank cut their price target on 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 Company 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.