Fred Alger Management LLC Grows Position in TotalEnergies SE (NYSE:TTE)

Fred Alger Management LLC grew its holdings in shares of TotalEnergies SE (NYSE:TTE) by 3.0% in the second quarter, Holdings Channel.com reports. The firm owned 69,542 shares of the company’s stock after buying an additional 2,018 shares during the period. Fred Alger Management LLC’s holdings in TotalEnergies were worth $4,637,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently modified their holdings of the company. Geneos Wealth Management Inc. boosted its holdings in shares of TotalEnergies by 3.6% in the first quarter. Geneos Wealth Management Inc. now owns 4,379 shares of the company’s stock worth $301,000 after acquiring an additional 153 shares during the period. Hexagon Capital Partners LLC boosted its stake in TotalEnergies by 5.1% in the 2nd quarter. Hexagon Capital Partners LLC now owns 3,406 shares of the company’s stock worth $227,000 after purchasing an additional 164 shares during the period. Opal Wealth Advisors LLC grew its holdings in TotalEnergies by 17.0% during the 2nd quarter. Opal Wealth Advisors LLC now owns 1,285 shares of the company’s stock valued at $86,000 after buying an additional 187 shares in the last quarter. Delta Financial Group Inc. increased its position in shares of TotalEnergies by 3.1% during the first quarter. Delta Financial Group Inc. now owns 6,250 shares of the company’s stock valued at $430,000 after buying an additional 190 shares during the period. Finally, U.S. Capital Wealth Advisors LLC lifted its holdings in shares of TotalEnergies by 5.6% in the second quarter. U.S. Capital Wealth Advisors LLC now owns 3,662 shares of the company’s stock worth $244,000 after buying an additional 194 shares in the last quarter. Hedge funds and other institutional investors own 13.22% of the company’s stock.

TotalEnergies Stock Down 1.4 %

Shares of NYSE TTE opened at $65.70 on Friday. The stock has a market capitalization of $155.13 billion, a P/E ratio of 7.41, a PEG ratio of 1.85 and a beta of 0.64. TotalEnergies SE has a one year low of $62.28 and a one year high of $74.97. The firm’s 50 day simple moving average is $67.80 and its two-hundred day simple moving average is $69.41. 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 (NYSE:TTE) last posted 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 business had revenue of $53.74 billion during the quarter, compared to the consensus estimate of $60.45 billion. During the same period in the prior year, the firm earned $1.99 earnings per share. As a group, analysts expect that TotalEnergies SE will post 8.42 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. 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 target for the company. Scotiabank decreased their target price on TotalEnergies from $86.00 to $80.00 and set a “sector perform” rating on the stock in a research note on Friday, July 12th.

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.