Cardinal Capital Management Acquires 469 Shares of TotalEnergies SE (NYSE:TTE)

Cardinal Capital Management increased its holdings in TotalEnergies SE (NYSE:TTE) by 1.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 41,814 shares of the company’s stock after purchasing an additional 469 shares during the quarter. Cardinal Capital Management’s holdings in TotalEnergies were worth $2,738,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Capital International Investors increased 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 period. Natixis Advisors LLC increased its stake in TotalEnergies by 3.4% in the 2nd quarter. Natixis Advisors LLC now owns 2,160,603 shares of the company’s stock worth $144,069,000 after purchasing an additional 71,658 shares during the period. Clearbridge Investments LLC lifted its position in TotalEnergies by 1.5% in the first quarter. Clearbridge Investments LLC now owns 2,039,311 shares of the company’s stock valued at $140,366,000 after purchasing an additional 31,123 shares during the last quarter. Equity Investment Corp boosted its stake in shares of TotalEnergies by 0.6% during the second quarter. Equity Investment Corp now owns 1,820,748 shares of the company’s stock valued at $121,407,000 after purchasing an additional 10,707 shares during the period. Finally, Energy Income Partners LLC grew its holdings in shares of TotalEnergies by 8.8% in the first quarter. Energy Income Partners LLC now owns 1,014,779 shares of the company’s stock worth $69,847,000 after purchasing an additional 82,175 shares during the last quarter. 13.22% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. UBS Group upgraded shares of TotalEnergies to a “strong-buy” rating in a report on Wednesday, October 9th. TD Cowen lowered shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a report on Monday, September 30th. Barclays raised TotalEnergies to a “strong-buy” rating in a research note on Wednesday, October 2nd. Scotiabank lowered their price target on TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating for the company in a research report on Thursday, October 10th. Finally, The Goldman Sachs Group upgraded TotalEnergies to a “hold” rating in a research report on Thursday, October 3rd. Five research analysts have rated the stock with a hold rating, one has assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $78.75.

TotalEnergies Price Performance

Shares of NYSE TTE opened at $65.00 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.11 and a quick ratio of 0.87. TotalEnergies SE has a 1 year low of $62.59 and a 1 year high of $74.97. The company’s 50-day moving average is $67.77 and its 200 day moving average is $69.31. The stock has a market capitalization of $153.49 billion, a P/E ratio of 7.37, a P/E/G ratio of 1.86 and a beta of 0.63.

TotalEnergies (NYSE:TTE) last announced 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). TotalEnergies had a return on equity of 17.92% and a net margin of 9.49%. The firm had revenue of $53.74 billion during the quarter, compared to the consensus estimate of $60.45 billion. During the same period in the prior year, the company posted $1.99 EPS. On average, sell-side analysts expect that TotalEnergies SE will post 8.29 earnings per share 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.