Rathbones Group PLC Increases Stock Position in TotalEnergies SE (NYSE:TTE)

Rathbones Group PLC lifted its position in shares of TotalEnergies SE (NYSE:TTE) by 5.8% in the second quarter, HoldingsChannel reports. The institutional investor owned 75,245 shares of the company’s stock after purchasing an additional 4,095 shares during the period. Rathbones Group PLC’s holdings in TotalEnergies were worth $5,017,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Private Trust Co. NA grew its stake in TotalEnergies by 1.6% in the first quarter. Private Trust Co. NA now owns 9,273 shares of the company’s stock worth $638,000 after purchasing an additional 149 shares in the last quarter. Geneos Wealth Management Inc. raised its position in shares of TotalEnergies by 3.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 4,379 shares of the company’s stock valued at $301,000 after acquiring an additional 153 shares in the last quarter. Hexagon Capital Partners LLC raised its position in shares of TotalEnergies by 5.1% during the 2nd quarter. Hexagon Capital Partners LLC now owns 3,406 shares of the company’s stock valued at $227,000 after acquiring an additional 164 shares in the last quarter. Opal Wealth Advisors LLC lifted its stake in TotalEnergies by 17.0% during the second quarter. Opal Wealth Advisors LLC now owns 1,285 shares of the company’s stock worth $86,000 after purchasing an additional 187 shares during the last quarter. Finally, Delta Financial Group Inc. boosted its holdings in TotalEnergies by 3.1% in the first quarter. Delta Financial Group Inc. now owns 6,250 shares of the company’s stock worth $430,000 after purchasing an additional 190 shares during the period. 13.22% of the stock is owned by hedge funds and other institutional investors.

TotalEnergies Price Performance

Shares of NYSE TTE opened at $67.65 on Monday. TotalEnergies SE has a 1-year low of $62.28 and a 1-year high of $74.97. The firm has a market capitalization of $159.75 billion, a PE ratio of 7.64, a P/E/G ratio of 1.76 and a beta of 0.64. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.11 and a quick ratio of 0.87. The business’s fifty day moving average price is $67.92 and its two-hundred day moving average price is $69.27.

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 firm 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 period last year, the business earned $1.99 EPS. On average, research analysts expect that TotalEnergies SE will post 8.65 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have weighed in on TTE. Wolfe Research began coverage on shares of TotalEnergies in a report on Thursday, July 18th. They set an “outperform” rating and a $87.00 target price on the stock. Scotiabank dropped their price objective on shares of TotalEnergies from $86.00 to $80.00 and set a “sector perform” rating on the stock in a research note on Friday, July 12th.

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.