123,224 Shares in TotalEnergies SE (NYSE:TTE) Purchased by Manning & Napier Advisors LLC

Manning & Napier Advisors LLC purchased a new position in TotalEnergies SE (NYSE:TTE) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 123,224 shares of the company’s stock, valued at approximately $8,217,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TTE. Key Financial Inc grew its position in TotalEnergies by 139.0% in the fourth quarter. Key Financial Inc now owns 380 shares of the company’s stock worth $26,000 after acquiring an additional 221 shares in the last quarter. North Star Investment Management Corp. boosted its position in shares of TotalEnergies by 310.0% during the first quarter. North Star Investment Management Corp. now owns 410 shares of the company’s stock valued at $28,000 after buying an additional 310 shares during the period. Evolution Advisers Inc. purchased a new position in shares of TotalEnergies during the fourth quarter valued at approximately $29,000. Pathway Financial Advisers LLC purchased a new position in shares of TotalEnergies during the first quarter valued at approximately $29,000. Finally, Frazier Financial Advisors LLC purchased a new position in shares of TotalEnergies during the fourth quarter valued at approximately $30,000. Hedge funds and other institutional investors own 13.22% of the company’s stock.

TotalEnergies Stock Performance

Shares of NYSE TTE traded up $0.38 during mid-day trading on Friday, hitting $67.14. The stock had a trading volume of 683,159 shares, compared to its average volume of 1,474,977. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.87 and a current ratio of 1.11. The company has a 50 day moving average of $68.03 and a two-hundred day moving average of $68.57. TotalEnergies SE has a twelve month low of $60.93 and a twelve month high of $74.97. The firm has a market cap of $158.55 billion, a PE ratio of 7.58, a PEG ratio of 1.67 and a beta of 0.64.

TotalEnergies (NYSE:TTE) last released its 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 during the quarter, compared to analyst estimates of $60.45 billion. During the same period in the previous year, the company earned $1.99 earnings per share. Research analysts predict that TotalEnergies SE will post 8.86 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on TTE shares. Wolfe Research started coverage on TotalEnergies in a research report on Thursday, July 18th. They set an “outperform” rating and a $87.00 target price for the company. Scotiabank dropped their target price on TotalEnergies from $86.00 to $80.00 and set a “sector perform” rating for the company in a research report on Friday, July 12th. Finally, 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. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $76.00.

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.