EP Wealth Advisors LLC Raises Holdings in TotalEnergies SE (NYSE:TTE)

EP Wealth Advisors LLC lifted its stake in TotalEnergies SE (NYSE:TTE) by 63.8% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 8,757 shares of the company’s stock after purchasing an additional 3,411 shares during the quarter. EP Wealth Advisors LLC’s holdings in TotalEnergies were worth $603,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Raymond James Financial Services Advisors Inc. lifted its stake in shares of TotalEnergies by 6.2% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 112,882 shares of the company’s stock worth $7,606,000 after buying an additional 6,623 shares during the period. Kingswood Wealth Advisors LLC purchased a new position in TotalEnergies in the 4th quarter worth $314,000. Ritholtz Wealth Management lifted its position in TotalEnergies by 13.7% during the 4th quarter. Ritholtz Wealth Management now owns 35,381 shares of the company’s stock worth $2,384,000 after acquiring an additional 4,262 shares during the period. SeaCrest Wealth Management LLC lifted its position in TotalEnergies by 4.7% during the 4th quarter. SeaCrest Wealth Management LLC now owns 4,999 shares of the company’s stock worth $341,000 after acquiring an additional 223 shares during the period. Finally, Caprock Group LLC grew its stake in TotalEnergies by 11.9% during the 4th quarter. Caprock Group LLC now owns 10,723 shares of the company’s stock valued at $731,000 after purchasing an additional 1,140 shares during the last quarter. 13.22% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently commented on TTE. Scotiabank decreased their target price on TotalEnergies from $86.00 to $80.00 and set a “sector perform” rating for the company in a report on Friday, July 12th. Wolfe Research began 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. Finally, Piper Sandler upped their price objective on shares of TotalEnergies from $75.00 to $79.00 and gave the company a “neutral” rating in a report on Thursday, April 18th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $76.00.

TotalEnergies Stock Performance

Shares of TTE traded up $0.22 during mid-day trading on Friday, reaching $67.85. The company had a trading volume of 696,873 shares, compared to its average volume of 1,500,466. The stock has a market capitalization of $160.22 billion, a P/E ratio of 7.67, a PEG ratio of 1.66 and a beta of 0.64. TotalEnergies SE has a 52-week low of $57.97 and a 52-week high of $74.97. The stock has a 50 day moving average of $69.10 and a two-hundred day moving average of $68.42. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.31.

TotalEnergies (NYSE:TTE) last released its quarterly earnings data on Friday, April 26th. The company reported $2.14 EPS for the quarter, topping the consensus estimate of $1.96 by $0.18. The business had revenue of $56.28 billion for 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%. On average, analysts expect that TotalEnergies SE will post 9.11 earnings per share for the current year.

TotalEnergies Company 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.