TotalEnergies SE (NYSE:TTE) Shares Sold by Kayne Anderson Rudnick Investment Management LLC

Kayne Anderson Rudnick Investment Management LLC trimmed its holdings in TotalEnergies SE (NYSE:TTE) by 1.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 76,958 shares of the company’s stock after selling 1,295 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC’s holdings in TotalEnergies were worth $5,132,000 at the end of the most recent reporting period.

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

TotalEnergies Trading Down 0.1 %

TotalEnergies stock opened at $69.09 on Monday. TotalEnergies SE has a 12 month low of $62.28 and a 12 month high of $74.97. The stock has a market cap of $163.15 billion, a price-to-earnings ratio of 7.80, a price-to-earnings-growth ratio of 1.78 and a beta of 0.64. The business has a 50 day moving average price of $67.90 and a two-hundred day moving average price of $69.38. 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 announced its quarterly 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). The firm had revenue of $53.74 billion for the quarter, compared to the consensus estimate of $60.45 billion. TotalEnergies had a net margin of 9.49% and a return on equity of 17.92%. During the same period in the prior year, the business earned $1.99 earnings per share. As a group, equities analysts forecast that TotalEnergies SE will post 8.65 EPS for the current year.

Analysts Set New Price Targets

Several research firms recently weighed in on TTE. Wolfe Research initiated coverage on TotalEnergies in a report on Thursday, July 18th. They issued an “outperform” rating and a $87.00 target price for the company. Scotiabank decreased their price objective on shares of TotalEnergies from $86.00 to $80.00 and set a “sector perform” rating for the company in a report 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.