EverSource Wealth Advisors LLC Increases Stock Position in TotalEnergies SE (NYSE:TTE)

EverSource Wealth Advisors LLC boosted its stake in TotalEnergies SE (NYSE:TTE) by 8.2% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,015 shares of the company’s stock after purchasing an additional 228 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in TotalEnergies were worth $218,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Key Financial Inc lifted its stake in TotalEnergies by 139.0% in the 4th quarter. Key Financial Inc now owns 380 shares of the company’s stock worth $26,000 after purchasing an additional 221 shares in the last quarter. North Star Investment Management Corp. increased 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 worth $28,000 after buying an additional 310 shares during the last quarter. Evolution Advisers Inc. bought a new stake in shares of TotalEnergies in the 4th quarter worth about $29,000. Pathway Financial Advisers LLC bought a new stake in shares of TotalEnergies in the 1st quarter worth about $29,000. Finally, Frazier Financial Advisors LLC bought a new stake in shares of TotalEnergies in the 4th quarter worth about $30,000. Hedge funds and other institutional investors own 13.22% of the company’s stock.

TotalEnergies Trading Down 0.6 %

TTE stock traded down $0.37 during mid-day trading on Friday, reaching $66.56. The company had a trading volume of 1,572,668 shares, compared to its average volume of 1,100,544. 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 company has a market capitalization of $157.18 billion, a PE ratio of 7.51, a price-to-earnings-growth ratio of 1.70 and a beta of 0.64. The firm has a 50 day moving average of $68.58 and a 200 day moving average of $68.51. TotalEnergies SE has a 12 month low of $58.53 and a 12 month high of $74.97.

TotalEnergies (NYSE:TTE) last issued its earnings results on Thursday, July 25th. The company reported $1.98 EPS for the quarter, missing analysts’ consensus estimates of $2.11 by ($0.13). The company 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 prior year, the company earned $1.99 earnings per share. On average, equities analysts predict that TotalEnergies SE will post 8.94 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on TTE shares. Scotiabank cut their price target on shares of TotalEnergies from $86.00 to $80.00 and set a “sector perform” rating on the stock in a report on Friday, July 12th. Wolfe Research started coverage on shares of TotalEnergies in a report on Thursday, July 18th. They set an “outperform” rating and a $87.00 price target on the stock. Finally, Piper Sandler upped their price target on shares of TotalEnergies from $75.00 to $79.00 and gave the company a “neutral” rating in a report on Thursday, April 18th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $76.00.

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.