Stolper Co Purchases 326 Shares of TotalEnergies SE (NYSE:TTE)

Stolper Co boosted its position in TotalEnergies SE (NYSE:TTE) by 1.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 28,211 shares of the company’s stock after purchasing an additional 326 shares during the quarter. Stolper Co’s holdings in TotalEnergies were worth $1,881,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. North Star Investment Management Corp. grew its holdings in TotalEnergies by 310.0% in the first quarter. North Star Investment Management Corp. now owns 410 shares of the company’s stock worth $28,000 after purchasing an additional 310 shares during the period. Larson Financial Group LLC increased its position in TotalEnergies by 100.5% during the 2nd quarter. Larson Financial Group LLC now owns 423 shares of the company’s stock valued at $28,000 after buying an additional 212 shares in the last quarter. Pathway Financial Advisers LLC purchased a new position in TotalEnergies during the first quarter valued at $29,000. Frazier Financial Advisors LLC bought a new stake in TotalEnergies in the fourth quarter worth $30,000. Finally, Creekmur Asset Management LLC purchased a new stake in shares of TotalEnergies in the fourth quarter worth $31,000. Hedge funds and other institutional investors own 13.22% of the company’s stock.

TotalEnergies Stock Up 0.6 %

TotalEnergies stock opened at $67.71 on Friday. TotalEnergies SE has a 12 month low of $62.28 and a 12 month high of $74.97. The stock has a fifty day simple moving average of $67.92 and a two-hundred day simple moving average of $69.20. 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 firm has a market cap of $159.89 billion, a price-to-earnings ratio of 7.64, a PEG ratio of 1.74 and a beta of 0.64.

TotalEnergies (NYSE:TTE) last released its quarterly earnings data on Thursday, July 25th. The company reported $1.98 EPS for the quarter, missing the consensus estimate of $2.11 by ($0.13). The business had revenue of $53.74 billion during the quarter, compared to the consensus estimate 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 business posted $1.99 earnings per share. Equities analysts predict that TotalEnergies SE will post 8.65 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

TTE has been the subject of several recent analyst reports. Wolfe Research initiated coverage on TotalEnergies in a research report on Thursday, July 18th. They issued an “outperform” rating and a $87.00 price target for the company. Scotiabank reduced 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.

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.