InterOcean Capital Group LLC Increases Holdings in TotalEnergies SE (NYSE:TTE)

InterOcean Capital Group LLC grew its stake in TotalEnergies SE (NYSE:TTE) by 59.1% in the first quarter, Holdings Channel reports. The fund owned 4,967 shares of the company’s stock after purchasing an additional 1,845 shares during the period. InterOcean Capital Group LLC’s holdings in TotalEnergies were worth $342,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Cerity Partners LLC lifted its holdings in TotalEnergies by 49.9% in the fourth quarter. Cerity Partners LLC now owns 53,019 shares of the company’s stock valued at $3,578,000 after acquiring an additional 17,658 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in shares of TotalEnergies by 159,211.0% in the 1st quarter. BNP Paribas Financial Markets now owns 434,919 shares of the company’s stock valued at $29,935,000 after purchasing an additional 434,646 shares during the last quarter. Cloverfields Capital Group LP grew its holdings in shares of TotalEnergies by 30.1% during 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. Capital Wealth Planning LLC increased its position in shares of TotalEnergies by 94.8% during the 4th quarter. Capital Wealth Planning LLC now owns 38,420 shares of the company’s stock worth $2,589,000 after purchasing an additional 18,699 shares during the last quarter. Finally, Tweedy Browne Co LLC acquired a new stake in shares of TotalEnergies during the 1st quarter worth about $10,852,000. Hedge funds and other institutional investors own 13.22% of the company’s stock.

Analyst Upgrades and Downgrades

TTE has been the topic of a number of recent analyst reports. Piper Sandler upped their target price on shares of TotalEnergies from $75.00 to $79.00 and gave the company a “neutral” rating in a research report on Thursday, April 18th. Wolfe Research started coverage on TotalEnergies in a research note on Thursday, July 18th. They issued an “outperform” rating and a $87.00 price objective for the company. Finally, Scotiabank reduced their target price 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. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, TotalEnergies presently has an average rating of “Hold” and a consensus price target of $76.00.

TotalEnergies Stock Up 0.5 %

TotalEnergies stock traded up $0.36 during mid-day trading on Thursday, hitting $67.62. The company had a trading volume of 1,317,464 shares, compared to its average volume of 1,506,115. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.31. TotalEnergies SE has a 1 year low of $57.97 and a 1 year high of $74.97. The business has a fifty day moving average of $69.19 and a 200 day moving average of $68.43. The stock has a market cap of $159.68 billion, a price-to-earnings ratio of 7.62, a PEG ratio of 1.65 and a beta of 0.64.

TotalEnergies (NYSE:TTE) last announced its quarterly earnings results on Friday, April 26th. The company reported $2.14 EPS for the quarter, topping the consensus estimate of $1.96 by $0.18. TotalEnergies had a net margin of 9.52% and a return on equity of 18.30%. The firm had revenue of $56.28 billion for the quarter, compared to analyst estimates of $59.64 billion. On average, sell-side analysts expect that TotalEnergies SE will post 9.11 earnings per share for the current fiscal 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.