TotalEnergies SE (NYSE:TTE) Shares Purchased by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC raised its position in TotalEnergies SE (NYSE:TTE) by 8.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,015 shares of the company’s stock after acquiring 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.

A number of other institutional investors also recently added to or reduced their stakes in the company. Private Trust Co. NA lifted its stake in TotalEnergies by 1.6% in the first quarter. Private Trust Co. NA now owns 9,273 shares of the company’s stock worth $638,000 after acquiring an additional 149 shares during the last quarter. Geneos Wealth Management Inc. lifted its position in shares of TotalEnergies by 3.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 4,379 shares of the company’s stock worth $301,000 after buying an additional 153 shares during the last quarter. PDS Planning Inc lifted its position in shares of TotalEnergies by 2.3% during the 4th quarter. PDS Planning Inc now owns 6,839 shares of the company’s stock worth $461,000 after buying an additional 156 shares during the last quarter. Kestra Private Wealth Services LLC lifted its position in shares of TotalEnergies by 1.0% during the 4th quarter. Kestra Private Wealth Services LLC now owns 18,496 shares of the company’s stock worth $1,246,000 after buying an additional 179 shares during the last quarter. Finally, Delta Financial Group Inc. lifted its position in shares of TotalEnergies by 3.1% during the 1st quarter. Delta Financial Group Inc. now owns 6,250 shares of the company’s stock worth $430,000 after buying an additional 190 shares during the last quarter. Hedge funds and other institutional investors own 13.22% of the company’s stock.

TotalEnergies Stock Performance

TTE stock traded down $0.37 on Friday, hitting $66.56. The company’s stock had a trading volume of 1,572,668 shares, compared to its average volume of 1,100,544. The firm has a 50 day moving average of $68.58 and a two-hundred day moving average of $68.51. TotalEnergies SE has a 1 year low of $58.53 and a 1 year high of $74.97. The stock has a market cap of $157.18 billion, a price-to-earnings ratio of 7.51, a price-to-earnings-growth ratio of 1.70 and a beta of 0.64. The company has a current ratio of 1.11, a quick ratio of 0.87 and a debt-to-equity ratio of 0.35.

TotalEnergies (NYSE:TTE) last released its quarterly earnings results on Thursday, July 25th. The company reported $1.98 EPS for the quarter, missing the consensus estimate of $2.11 by ($0.13). TotalEnergies had a net margin of 9.49% and a return on equity of 17.92%. The business had revenue of $53.74 billion during the quarter, compared to analysts’ expectations of $60.45 billion. During the same quarter last year, the company earned $1.99 EPS. Equities analysts predict that TotalEnergies SE will post 8.94 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

About TotalEnergies

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.