548 Shares in TotalEnergies SE (NYSE:TTE) Bought by New Covenant Trust Company N.A.

New Covenant Trust Company N.A. acquired a new stake in TotalEnergies SE (NYSE:TTE) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 548 shares of the company’s stock, valued at approximately $38,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Fisher Asset Management LLC boosted its stake in shares of 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 buying an additional 419,487 shares during the last quarter. Wells Fargo & Company MN grew its holdings in TotalEnergies by 1.0% in the fourth quarter. Wells Fargo & Company MN now owns 6,920,067 shares of the company’s stock valued at $466,274,000 after purchasing an additional 70,394 shares during the period. Capital International Investors boosted its holdings in TotalEnergies by 2.1% in the 1st quarter. Capital International Investors now owns 4,858,097 shares of the company’s stock worth $334,383,000 after buying an additional 100,059 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of TotalEnergies by 3.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,592,234 shares of the company’s stock valued at $174,665,000 after acquiring an additional 86,642 shares during the last quarter. Finally, Clearbridge Investments LLC lifted its position in shares of TotalEnergies by 1.5% in the first quarter. Clearbridge Investments LLC now owns 2,039,311 shares of the company’s stock valued at $140,366,000 after acquiring an additional 31,123 shares in the last quarter. Institutional investors and hedge funds own 13.22% of the company’s stock.

Wall Street Analysts Forecast Growth

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

TotalEnergies Trading Down 0.6 %

Shares of NYSE TTE traded down $0.37 on Friday, reaching $66.56. 1,572,599 shares of the company traded hands, compared to its average volume of 1,489,274. The stock has a market capitalization of $157.18 billion, a PE ratio of 7.58, a P/E/G ratio of 1.72 and a beta of 0.64. The company has a current ratio of 1.11, a quick ratio of 0.87 and a debt-to-equity ratio of 0.35. The company has a 50 day moving average of $68.68 and a 200 day moving average of $68.48. TotalEnergies SE has a fifty-two week low of $58.53 and a fifty-two week high of $74.97.

TotalEnergies (NYSE:TTE) last posted its quarterly earnings results on Thursday, July 25th. The company reported $1.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.11 by ($0.13). TotalEnergies had a net margin of 9.49% and a return on equity of 17.92%. The firm had revenue of $53.74 billion for the quarter, compared to analyst estimates of $60.45 billion. During the same period in the prior year, the company posted $1.99 earnings per share. On average, equities research analysts forecast that TotalEnergies SE will post 8.94 earnings per share for the current fiscal year.

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.