LGT Group Foundation Increases Stock Holdings in TotalEnergies SE (NYSE:TTE)

LGT Group Foundation boosted its holdings in shares of TotalEnergies SE (NYSE:TTE) by 14.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,961 shares of the company’s stock after buying an additional 3,768 shares during the period. LGT Group Foundation’s holdings in TotalEnergies were worth $1,990,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Fisher Asset Management LLC increased its holdings in shares of TotalEnergies by 1.8% during the fourth quarter. Fisher Asset Management LLC now owns 21,144,503 shares of the company’s stock valued at $1,424,717,000 after acquiring an additional 379,198 shares in the last quarter. Wells Fargo & Company MN increased its stake in TotalEnergies by 1.0% during the 4th quarter. Wells Fargo & Company MN now owns 6,920,067 shares of the company’s stock valued at $466,274,000 after purchasing an additional 70,394 shares in the last quarter. Capital International Investors raised its holdings in shares of TotalEnergies by 2.1% in the first quarter. Capital International Investors now owns 4,858,097 shares of the company’s stock worth $334,383,000 after buying an additional 100,059 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of TotalEnergies by 3.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,592,234 shares of the company’s stock worth $174,665,000 after buying an additional 86,642 shares during the period. Finally, Natixis Advisors LLC grew its holdings in shares of TotalEnergies by 3.4% during the second quarter. Natixis Advisors LLC now owns 2,160,603 shares of the company’s stock valued at $144,069,000 after buying an additional 71,658 shares during the last quarter. 13.22% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

TTE has been the subject of a number of research reports. Wolfe Research began coverage on TotalEnergies in a research report on Thursday, July 18th. They set an “outperform” rating and a $87.00 price target for the company. Scotiabank decreased their target price on TotalEnergies from $86.00 to $80.00 and set a “sector perform” rating for the company in a report on Friday, July 12th.

TotalEnergies Stock Up 1.6 %

NYSE:TTE opened at $67.37 on Tuesday. TotalEnergies SE has a 1-year low of $62.28 and a 1-year high of $74.97. 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 firm has a market capitalization of $159.09 billion, a P/E ratio of 7.60, a PEG ratio of 1.74 and a beta of 0.64. The company’s fifty day moving average price is $68.17 and its 200-day moving average price is $69.20.

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 analysts’ expectations 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 company earned $1.99 EPS. As a group, equities research analysts anticipate that TotalEnergies SE will post 8.67 EPS for the current 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.