Capital International Investors Increases Position in TotalEnergies SE (NYSE:TTE)

Capital International Investors grew its stake in TotalEnergies SE (NYSE:TTE) by 2.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,858,097 shares of the company’s stock after acquiring an additional 100,059 shares during the quarter. Capital International Investors owned about 0.21% of TotalEnergies worth $334,383,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Key Financial Inc boosted its position in shares of TotalEnergies by 139.0% in the 4th quarter. Key Financial Inc now owns 380 shares of the company’s stock worth $26,000 after purchasing an additional 221 shares in the last quarter. North Star Investment Management Corp. lifted its position in TotalEnergies by 310.0% during the 1st quarter. North Star Investment Management Corp. now owns 410 shares of the company’s stock worth $28,000 after acquiring an additional 310 shares during the period. Evolution Advisers Inc. acquired a new stake in TotalEnergies during the 4th quarter worth about $29,000. Frazier Financial Advisors LLC acquired a new stake in TotalEnergies during the 4th quarter worth about $30,000. Finally, Tower Research Capital LLC TRC acquired a new stake in TotalEnergies during the 4th quarter worth about $31,000. 13.22% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

TTE has been the subject of several analyst reports. Piper Sandler boosted their price objective on TotalEnergies from $75.00 to $79.00 and gave the company a “neutral” rating in a report on Thursday, April 18th. Wolfe Research initiated coverage on TotalEnergies in a research report on Thursday, July 18th. They issued an “outperform” rating and a $87.00 price target for the company. Finally, Scotiabank decreased their price objective on TotalEnergies from $86.00 to $80.00 and set a “sector perform” rating on the stock in a report on Friday, July 12th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $76.00.

TotalEnergies Stock Up 0.3 %

NYSE:TTE traded up $0.22 during trading hours on Friday, hitting $67.85. The company’s stock had a trading volume of 696,873 shares, compared to its average volume of 1,500,466. The stock has a fifty day moving average of $68.99 and a 200-day moving average of $68.43. The stock has a market capitalization of $160.22 billion, a P/E ratio of 7.66, a price-to-earnings-growth 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 company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.31.

TotalEnergies (NYSE:TTE) last issued its quarterly earnings data on Friday, April 26th. The company reported $2.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.96 by $0.18. The company 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, equities analysts forecast that TotalEnergies SE will post 9.11 earnings per share for the current 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.