Wrapmanager Inc. Sells 2,664 Shares of TotalEnergies SE (NYSE:TTE)

Wrapmanager Inc. lowered its position in shares of TotalEnergies SE (NYSE:TTE) by 30.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,994 shares of the company’s stock after selling 2,664 shares during the period. Wrapmanager Inc.’s holdings in TotalEnergies were worth $400,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of TTE. North Star Investment Management Corp. raised 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 in the last quarter. Larson Financial Group LLC raised its stake in TotalEnergies by 100.5% in the second quarter. Larson Financial Group LLC now owns 423 shares of the company’s stock valued at $28,000 after purchasing an additional 212 shares in the last quarter. Pathway Financial Advisers LLC bought a new stake in TotalEnergies during the first quarter valued at approximately $29,000. Frazier Financial Advisors LLC purchased a new position in TotalEnergies in the 4th quarter worth approximately $30,000. Finally, Creekmur Asset Management LLC bought a new position in shares of TotalEnergies in the 4th quarter worth $31,000. Institutional investors own 13.22% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on TTE. Wolfe Research initiated coverage on shares of TotalEnergies in a report on Thursday, July 18th. They set an “outperform” rating and a $87.00 price objective for the company. Scotiabank dropped their price target on 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 Trading Up 0.5 %

TTE stock opened at $67.65 on Friday. The company has a market capitalization of $159.75 billion, a PE ratio of 7.64, a price-to-earnings-growth ratio of 1.76 and a beta of 0.64. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.87 and a current ratio of 1.11. TotalEnergies SE has a one year low of $62.28 and a one year high of $74.97. The company’s 50 day moving average price is $67.92 and its two-hundred day moving average price is $69.23.

TotalEnergies (NYSE:TTE) last posted its quarterly earnings results on Thursday, July 25th. The company reported $1.98 earnings per share for the quarter, missing the consensus estimate of $2.11 by ($0.13). TotalEnergies had a return on equity of 17.92% and a net margin of 9.49%. The business had revenue of $53.74 billion during the quarter, compared to the consensus estimate of $60.45 billion. During the same period in the prior year, the firm earned $1.99 earnings per share. As a group, analysts predict that TotalEnergies SE will post 8.65 earnings per share for the current fiscal year.

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.