Pathway Financial Advisers LLC Acquires New Shares in TotalEnergies SE (NYSE:TTE)

Pathway Financial Advisers LLC bought a new position in shares of TotalEnergies SE (NYSE:TTE) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 425 shares of the company’s stock, valued at approximately $29,000.

A number of other institutional investors have also added to or reduced their stakes in TTE. Key Financial Inc increased its holdings in TotalEnergies by 139.0% during the fourth quarter. Key Financial Inc now owns 380 shares of the company’s stock valued at $26,000 after buying an additional 221 shares during the period. North Star Investment Management Corp. increased its holdings in shares of TotalEnergies by 310.0% in the 1st quarter. North Star Investment Management Corp. now owns 410 shares of the company’s stock valued at $28,000 after acquiring an additional 310 shares during the period. Evolution Advisers Inc. bought a new position in shares of TotalEnergies in the 4th quarter worth $29,000. Frazier Financial Advisors LLC purchased a new stake in shares of TotalEnergies during the 4th quarter worth $30,000. Finally, Tower Research Capital LLC TRC bought a new stake in TotalEnergies during the fourth quarter valued at about $31,000. Hedge funds and other institutional investors own 13.22% of the company’s stock.

TotalEnergies Stock Down 0.6 %

Shares of TTE traded down $0.37 during mid-day trading on Friday, hitting $66.56. 1,572,668 shares of the company traded hands, compared to its average volume of 1,100,544. The business has a 50 day moving average of $68.58 and a 200 day moving average of $68.51. The company has a market capitalization of $157.18 billion, a PE ratio of 7.51, a price-to-earnings-growth ratio of 1.70 and a beta of 0.64. The company has a quick ratio of 0.87, a current ratio of 1.11 and a debt-to-equity ratio of 0.35. TotalEnergies SE has a 1-year low of $58.53 and a 1-year high of $74.97.

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

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on TTE shares. Piper Sandler raised their price target on shares of TotalEnergies from $75.00 to $79.00 and gave the company a “neutral” rating in a report on Thursday, April 18th. Scotiabank lowered their target price on shares of TotalEnergies from $86.00 to $80.00 and set a “sector perform” rating for the company in a research note on Friday, July 12th. Finally, Wolfe Research started coverage on shares of TotalEnergies in a report on Thursday, July 18th. They issued an “outperform” rating and a $87.00 price target on the stock. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $76.00.

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.