8,607 Shares in TotalEnergies SE (NYSE:TTE) Bought by Pitcairn Co.

Pitcairn Co. acquired a new stake in shares of TotalEnergies SE (NYSE:TTE) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 8,607 shares of the company’s stock, valued at approximately $592,000.

A number of other hedge funds have also recently modified their holdings of TTE. National Bank of Canada FI lifted its position in TotalEnergies by 25.7% during the 1st quarter. National Bank of Canada FI now owns 275,983 shares of the company’s stock valued at $20,370,000 after acquiring an additional 56,403 shares during the period. Lake Street Advisors Group LLC lifted its holdings in shares of TotalEnergies by 45.9% during the first quarter. Lake Street Advisors Group LLC now owns 8,281 shares of the company’s stock valued at $577,000 after purchasing an additional 2,606 shares during the last quarter. Clearbridge Investments LLC boosted its position in shares of TotalEnergies by 1.5% in the 1st quarter. Clearbridge Investments LLC now owns 2,039,311 shares of the company’s stock worth $140,366,000 after purchasing an additional 31,123 shares in the last quarter. O Shaughnessy Asset Management LLC grew its stake in shares of TotalEnergies by 2.7% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 113,603 shares of the company’s stock worth $7,819,000 after buying an additional 2,962 shares during the last quarter. Finally, Blue Barn Wealth LLC bought a new position in TotalEnergies during the 1st quarter valued at approximately $252,000. Institutional investors own 13.22% of the company’s stock.

TotalEnergies Trading Up 0.5 %

Shares of NYSE:TTE opened at $67.62 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.09 and a quick ratio of 0.87. TotalEnergies SE has a 1 year low of $57.97 and a 1 year high of $74.97. The company has a market cap of $159.68 billion, a P/E ratio of 7.63, a PEG ratio of 1.66 and a beta of 0.64. The stock’s fifty day moving average price is $69.10 and its 200-day moving average price is $68.42.

TotalEnergies (NYSE:TTE) last issued its earnings results on Friday, April 26th. The company reported $2.14 earnings per share for the quarter, topping analysts’ consensus estimates of $1.96 by $0.18. The business had revenue of $56.28 billion during the quarter, compared to analyst estimates of $59.64 billion. TotalEnergies had a return on equity of 18.30% and a net margin of 9.52%. Sell-side analysts expect that TotalEnergies SE will post 9.11 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on TTE shares. Wolfe Research assumed coverage on TotalEnergies in a report on Thursday, July 18th. They issued an “outperform” rating and a $87.00 target price on the stock. Piper Sandler upped their price target on shares of TotalEnergies from $75.00 to $79.00 and gave the stock a “neutral” rating in a research note on Thursday, April 18th. Finally, Scotiabank reduced their price objective on shares of TotalEnergies from $86.00 to $80.00 and set a “sector perform” rating for the company in a research note on Friday, July 12th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $76.00.

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.