4,964 Shares in TotalEnergies SE (NYSE:TTE) Purchased by Net Worth Advisory Group

Net Worth Advisory Group bought a new stake in shares of TotalEnergies SE (NYSE:TTE) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 4,964 shares of the company’s stock, valued at approximately $321,000.

A number of other large investors also recently added to or reduced their stakes in the business. Aaron Wealth Advisors LLC raised its stake in shares of TotalEnergies by 32.7% during the third quarter. Aaron Wealth Advisors LLC now owns 11,818 shares of the company’s stock worth $764,000 after buying an additional 2,909 shares during the last quarter. Cardinal Capital Management grew its holdings in TotalEnergies by 1.1% during the 3rd quarter. Cardinal Capital Management now owns 41,814 shares of the company’s stock worth $2,738,000 after acquiring an additional 469 shares during the period. Bleakley Financial Group LLC grew its holdings in TotalEnergies by 6.4% during the 3rd quarter. Bleakley Financial Group LLC now owns 58,406 shares of the company’s stock worth $3,774,000 after acquiring an additional 3,535 shares during the period. Good Life Advisors LLC raised its position in shares of TotalEnergies by 8.7% during the 3rd quarter. Good Life Advisors LLC now owns 7,709 shares of the company’s stock valued at $498,000 after acquiring an additional 616 shares during the last quarter. Finally, Creative Planning lifted its stake in shares of TotalEnergies by 13.2% in the 3rd quarter. Creative Planning now owns 158,045 shares of the company’s stock valued at $10,213,000 after purchasing an additional 18,412 shares during the period. 13.22% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TTE has been the subject of a number of recent analyst reports. Wolfe Research assumed coverage on TotalEnergies in a report on Thursday, July 18th. They issued an “outperform” rating and a $87.00 price objective for the company. Scotiabank lowered their price target on TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating for the company in a research note on Thursday, October 10th. UBS Group upgraded shares of TotalEnergies to a “strong-buy” rating in a research report on Wednesday, October 9th. The Goldman Sachs Group upgraded shares of TotalEnergies to a “hold” rating in a report on Thursday, October 3rd. Finally, Barclays upgraded shares of TotalEnergies to a “strong-buy” rating in a report on Wednesday, October 2nd. Five analysts have rated the stock with a hold rating, one has given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $78.75.

TotalEnergies Price Performance

Shares of TTE opened at $64.91 on Monday. The stock has a 50 day simple moving average of $67.73 and a 200 day simple moving average of $69.24. TotalEnergies SE has a 52-week low of $62.59 and a 52-week high of $74.97. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.87 and a current ratio of 1.11. The firm has a market capitalization of $153.28 billion, a PE ratio of 7.36, a P/E/G ratio of 1.80 and a beta of 0.63.

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 net margin of 9.49% and a return on equity of 17.92%. The company had revenue of $53.74 billion during the quarter, compared to analyst estimates of $60.45 billion. During the same quarter last year, the company earned $1.99 EPS. Sell-side analysts predict that TotalEnergies SE will post 8.17 EPS 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.