American Century Companies Inc. Has $143.53 Million Position in TotalEnergies SE (NYSE:TTE)

American Century Companies Inc. reduced its holdings in TotalEnergies SE (NYSE:TTE) by 19.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,152,527 shares of the company’s stock after selling 522,181 shares during the period. American Century Companies Inc. owned 0.09% of TotalEnergies worth $143,530,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. North Star Investment Management Corp. increased its stake in 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 buying an additional 310 shares during the last quarter. Larson Financial Group LLC increased its stake in TotalEnergies by 100.5% in 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 during the last quarter. Pathway Financial Advisers LLC bought a new position in shares of TotalEnergies in the 1st quarter valued at about $29,000. Frazier Financial Advisors LLC bought a new position in shares of TotalEnergies in the 4th quarter valued at about $30,000. Finally, Creekmur Asset Management LLC bought a new position in shares of TotalEnergies in the 4th quarter valued at about $31,000. 13.22% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TTE has been the subject of a number of analyst reports. Scotiabank decreased 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 report on Friday, July 12th. Wolfe Research initiated coverage on shares of TotalEnergies in a research report on Thursday, July 18th. They issued an “outperform” rating and a $87.00 price objective for the company.

TotalEnergies Stock Performance

Shares of TTE stock opened at $67.33 on Friday. The company has a market capitalization of $159.00 billion, a price-to-earnings ratio of 7.60, a PEG ratio of 1.74 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. The company has a 50-day simple moving average of $67.99 and a 200 day simple moving average of $69.17. TotalEnergies SE has a 52 week low of $62.28 and a 52 week high of $74.97.

TotalEnergies (NYSE:TTE) last announced its earnings results on Thursday, July 25th. The company reported $1.98 EPS for the quarter, missing the consensus estimate of $2.11 by ($0.13). The company had revenue of $53.74 billion for 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 period in the previous year, the firm posted $1.99 EPS. On average, sell-side analysts predict that TotalEnergies SE will post 8.65 earnings per share for the current year.

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.