Wealth Alliance Decreases Stake in TotalEnergies SE (NYSE:TTE)

Wealth Alliance reduced its stake in TotalEnergies SE (NYSE:TTE) by 15.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,383 shares of the company’s stock after selling 3,762 shares during the period. Wealth Alliance’s holdings in TotalEnergies were worth $1,426,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. BNP Paribas Financial Markets increased its stake in TotalEnergies by 159,211.0% in the 1st quarter. BNP Paribas Financial Markets now owns 434,919 shares of the company’s stock worth $29,935,000 after purchasing an additional 434,646 shares during the period. Cloverfields Capital Group LP increased its stake in TotalEnergies by 30.1% in the 4th quarter. Cloverfields Capital Group LP now owns 52,163 shares of the company’s stock worth $3,515,000 after purchasing an additional 12,072 shares during the period. Gabelli Funds LLC increased its stake in TotalEnergies by 5.5% in the 1st quarter. Gabelli Funds LLC now owns 309,200 shares of the company’s stock worth $21,282,000 after purchasing an additional 16,200 shares during the period. Tweedy Browne Co LLC purchased a new position in TotalEnergies in the 1st quarter worth approximately $10,852,000. Finally, Norden Group LLC purchased a new position in TotalEnergies in the 1st quarter worth approximately $1,300,000. 13.22% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Wolfe Research assumed coverage on TotalEnergies in a research note on Thursday, July 18th. They set an “outperform” rating and a $87.00 target price on the stock. Scotiabank reduced their target price on 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 Price Performance

TTE opened at $68.36 on Wednesday. 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 52-week low of $62.28 and a 52-week high of $74.97. The stock has a market capitalization of $161.43 billion, a PE ratio of 7.72, a price-to-earnings-growth ratio of 1.76 and a beta of 0.64. The stock’s 50 day moving average price is $67.90 and its 200-day moving average price is $69.32.

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