Gabelli Funds LLC Has $21.28 Million Holdings in TotalEnergies SE (NYSE:TTE)

Gabelli Funds LLC increased its holdings in TotalEnergies SE (NYSE:TTE) by 5.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 309,200 shares of the company’s stock after purchasing an additional 16,200 shares during the quarter. Gabelli Funds LLC’s holdings in TotalEnergies were worth $21,282,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of TTE. Sei Investments Co. grew its holdings in TotalEnergies by 158.2% during the 1st quarter. Sei Investments Co. now owns 928,103 shares of the company’s stock worth $63,881,000 after acquiring an additional 568,672 shares during the period. International Assets Investment Management LLC grew its position in shares of TotalEnergies by 6,549.9% during the 4th quarter. International Assets Investment Management LLC now owns 503,396 shares of the company’s stock worth $33,919,000 after buying an additional 495,826 shares during the period. Natixis Advisors L.P. lifted its position in shares of TotalEnergies by 29.4% during the 4th quarter. Natixis Advisors L.P. now owns 1,988,119 shares of the company’s stock valued at $133,959,000 after acquiring an additional 451,597 shares during the period. BNP Paribas Financial Markets boosted its stake in TotalEnergies by 159,211.0% during the first quarter. BNP Paribas Financial Markets now owns 434,919 shares of the company’s stock worth $29,935,000 after acquiring an additional 434,646 shares in the last quarter. Finally, Fisher Asset Management LLC grew its holdings in TotalEnergies by 2.0% in the fourth quarter. Fisher Asset Management LLC now owns 21,184,792 shares of the company’s stock worth $1,427,431,000 after purchasing an additional 419,487 shares during the period. 13.22% of the stock is currently owned by institutional investors and hedge funds.

TotalEnergies Stock Up 0.3 %

NYSE:TTE traded up $0.22 during trading hours on Friday, hitting $67.85. 696,878 shares of the company traded hands, compared to its average volume of 1,114,663. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.31. The company has a market cap of $160.22 billion, a PE ratio of 7.66, a PEG ratio of 1.66 and a beta of 0.64. The firm’s 50-day simple moving average is $68.99 and its 200-day simple moving average is $68.45. TotalEnergies SE has a one year low of $57.97 and a one year high of $74.97.

TotalEnergies (NYSE:TTE) last announced its earnings results 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 9.49% and a return on equity of 17.93%. The company had revenue of $56.28 billion during the quarter, compared to the consensus estimate of $59.64 billion. Equities analysts predict that TotalEnergies SE will post 9.11 earnings per share for the current year.

Analyst Ratings Changes

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

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.