Signature Estate & Investment Advisors LLC Invests $418,000 in TotalEnergies SE (NYSE:TTE)

Signature Estate & Investment Advisors LLC bought a new stake in shares of TotalEnergies SE (NYSE:TTE) during the second quarter, HoldingsChannel.com reports. The fund bought 6,262 shares of the company’s stock, valued at approximately $418,000.

A number of other large investors have also recently made changes to their positions in TTE. Allspring Global Investments Holdings LLC boosted its position in TotalEnergies by 30.1% during the second quarter. Allspring Global Investments Holdings LLC now owns 54,971 shares of the company’s stock valued at $3,666,000 after purchasing an additional 12,707 shares in the last quarter. Cohen Investment Advisors LLC boosted its stake in TotalEnergies by 19.5% in the second quarter. Cohen Investment Advisors LLC now owns 9,073 shares of the company’s stock valued at $597,000 after acquiring an additional 1,482 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of TotalEnergies by 4.1% during the second quarter. Bank of New York Mellon Corp now owns 587,457 shares of the company’s stock worth $39,172,000 after purchasing an additional 23,243 shares in the last quarter. Fullcircle Wealth LLC purchased a new stake in shares of TotalEnergies during the 2nd quarter valued at $226,000. Finally, LRI Investments LLC boosted its position in shares of TotalEnergies by 7,209.1% in the 2nd quarter. LRI Investments LLC now owns 4,020 shares of the company’s stock worth $268,000 after purchasing an additional 3,965 shares in the last quarter. 13.22% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Wolfe Research began coverage on TotalEnergies in a research note on Thursday, July 18th. They set an “outperform” rating and a $87.00 price target on the stock. Scotiabank lowered their price objective 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. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $82.00.

TotalEnergies Price Performance

Shares of NYSE:TTE opened at $70.17 on Wednesday. TotalEnergies SE has a twelve month low of $62.28 and a twelve month high of $74.97. 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 market cap of $165.70 billion, a PE ratio of 7.92, a price-to-earnings-growth ratio of 1.76 and a beta of 0.64. The company’s 50 day moving average is $67.99 and its 200 day moving average is $68.97.

TotalEnergies (NYSE:TTE) last released its quarterly earnings data on Thursday, July 25th. The company reported $1.98 earnings per share for the quarter, missing analysts’ consensus estimates of $2.11 by ($0.13). The business had revenue of $53.74 billion during the quarter, compared to analyst estimates of $60.45 billion. TotalEnergies had a return on equity of 17.92% and a net margin of 9.49%. During the same quarter in the previous year, the company earned $1.99 EPS. On average, sell-side analysts forecast that TotalEnergies SE will post 8.84 EPS 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.