Alaethes Wealth LLC Has $1.93 Million Stock Position in TotalEnergies SE (NYSE:TTE)

Alaethes Wealth LLC increased its position in TotalEnergies SE (NYSE:TTE) by 1.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,574 shares of the company’s stock after buying an additional 497 shares during the period. Alaethes Wealth LLC’s holdings in TotalEnergies were worth $1,929,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Legacy Financial Advisors Inc. boosted its holdings in TotalEnergies by 4.2% in the second quarter. Legacy Financial Advisors Inc. now owns 14,448 shares of the company’s stock worth $963,000 after acquiring an additional 583 shares in the last quarter. Callan Capital LLC increased its holdings in shares of TotalEnergies by 50.8% during the second quarter. Callan Capital LLC now owns 10,614 shares of the company’s stock valued at $708,000 after acquiring an additional 3,575 shares in the last quarter. Benjamin Edwards Inc. acquired a new position in shares of TotalEnergies during the second quarter worth approximately $340,000. Wealth Advisors of Tampa Bay LLC lifted its holdings in shares of TotalEnergies by 0.3% in the 2nd quarter. Wealth Advisors of Tampa Bay LLC now owns 73,415 shares of the company’s stock worth $4,895,000 after purchasing an additional 230 shares in the last quarter. Finally, Altrius Capital Management Inc grew its position in TotalEnergies by 1.5% in the 2nd quarter. Altrius Capital Management Inc now owns 121,356 shares of the company’s stock valued at $8,092,000 after purchasing an additional 1,763 shares during the period. 13.22% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. 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 report on Friday, July 12th. Wolfe Research initiated coverage on shares of TotalEnergies in a report on Thursday, July 18th. They issued an “outperform” rating and a $87.00 target price on the stock.

TotalEnergies Stock Down 0.1 %

Shares of NYSE:TTE opened at $69.06 on Friday. The stock has a market cap of $163.08 billion, a price-to-earnings ratio of 7.79, a PEG ratio of 1.78 and a beta of 0.64. The business’s 50 day moving average is $67.91 and its 200 day moving average is $69.31. TotalEnergies SE has a 12-month low of $62.28 and a 12-month high of $74.97. 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 posted its earnings results on Thursday, July 25th. The company reported $1.98 earnings per share (EPS) 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 during the quarter, compared to the consensus estimate of $60.45 billion. During the same quarter in the previous year, the company earned $1.99 EPS. On average, sell-side analysts forecast that TotalEnergies SE will post 8.65 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.