Gallacher Capital Management LLC Grows Holdings in TotalEnergies SE (NYSE:TTE)

Gallacher Capital Management LLC lifted its holdings in TotalEnergies SE (NYSE:TTE) by 12.8% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,324 shares of the company’s stock after purchasing an additional 605 shares during the period. Gallacher Capital Management LLC’s holdings in TotalEnergies were worth $366,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TTE. Creative Planning raised its position in TotalEnergies by 2.7% in the 3rd quarter. Creative Planning now owns 109,039 shares of the company’s stock valued at $7,170,000 after purchasing an additional 2,859 shares during the last quarter. Graham Capital Management L.P. acquired a new stake in TotalEnergies in the 3rd quarter valued at about $566,000. American Century Companies Inc. boosted its stake in shares of TotalEnergies by 0.4% during the 3rd quarter. American Century Companies Inc. now owns 3,160,760 shares of the company’s stock worth $207,852,000 after purchasing an additional 11,094 shares during the last quarter. B. Riley Wealth Advisors Inc. lifted its holdings in shares of TotalEnergies by 17.9% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 10,665 shares of the company’s stock worth $710,000 after acquiring an additional 1,621 shares during the period. Finally, Juncture Wealth Strategies LLC lifted its holdings in shares of TotalEnergies by 2.1% during the 4th quarter. Juncture Wealth Strategies LLC now owns 9,826 shares of the company’s stock worth $662,000 after acquiring an additional 200 shares during the period. Institutional investors and hedge funds own 13.22% of the company’s stock.

TotalEnergies Price Performance

NYSE:TTE traded up $0.77 during mid-day trading on Friday, hitting $69.18. 299,563 shares of the stock traded hands, compared to its average volume of 1,519,182. 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 SE has a 12-month low of $57.01 and a 12-month high of $74.97. The company has a market cap of $163.36 billion, a PE ratio of 7.81, a price-to-earnings-growth ratio of 1.70 and a beta of 0.64. The business’s 50-day moving average price is $70.01 and its 200 day moving average price is $68.40.

TotalEnergies (NYSE:TTE) last announced its quarterly earnings data on Friday, April 26th. The company reported $2.14 EPS for the quarter, beating the consensus estimate of $1.96 by $0.18. TotalEnergies had a net margin of 9.52% and a return on equity of 18.30%. The company had revenue of $56.28 billion for the quarter, compared to the consensus estimate of $59.64 billion. On average, analysts expect that TotalEnergies SE will post 9.16 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently weighed in on TTE. Scotiabank raised their price target on shares of TotalEnergies from $74.00 to $86.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 11th. Piper Sandler lifted their target price on TotalEnergies from $75.00 to $79.00 and gave the company a “neutral” rating in a research note on Thursday, April 18th. Six investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, TotalEnergies presently has an average rating of “Hold” and an average target price of $70.75.

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.