GAMMA Investing LLC Acquires 243 Shares of TotalEnergies SE (NYSE:TTE)

GAMMA Investing LLC increased its holdings in shares of TotalEnergies SE (NYSE:TTE) by 7.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,480 shares of the company’s stock after purchasing an additional 243 shares during the period. GAMMA Investing LLC’s holdings in TotalEnergies were worth $232,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Cerity Partners LLC boosted its holdings in shares of 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 buying an additional 17,658 shares during the period. BNP Paribas Financial Markets increased its holdings in TotalEnergies by 159,211.0% during 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 in the last quarter. Cloverfields Capital Group LP raised its stake in shares of TotalEnergies by 30.1% in the 4th quarter. Cloverfields Capital Group LP now owns 52,163 shares of the company’s stock valued at $3,515,000 after purchasing an additional 12,072 shares during the period. Capital Wealth Planning LLC lifted its holdings in shares of TotalEnergies by 94.8% in the fourth quarter. Capital Wealth Planning LLC now owns 38,420 shares of the company’s stock valued at $2,589,000 after purchasing an additional 18,699 shares in the last quarter. Finally, Gabelli Funds LLC boosted its position in shares of TotalEnergies by 5.5% during the first quarter. Gabelli Funds LLC now owns 309,200 shares of the company’s stock worth $21,282,000 after buying an additional 16,200 shares during the period. 13.22% of the stock is currently owned by institutional investors and hedge funds.

TotalEnergies Stock Down 0.4 %

Shares of NYSE:TTE traded down $0.29 during trading on Tuesday, hitting $65.32. 833,923 shares of the company were exchanged, compared to its average volume of 1,483,916. The stock has a market cap of $154.25 billion, a price-to-earnings ratio of 7.40, a P/E/G ratio of 1.69 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 SE has a fifty-two week low of $59.51 and a fifty-two week high of $74.97. The firm has a fifty day moving average price of $68.47 and a two-hundred day moving average price of $68.56.

TotalEnergies (NYSE:TTE) last issued its earnings results on Thursday, July 25th. The company reported $1.98 earnings per share for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $60.45 billion. During the same quarter in the previous year, the firm posted $1.99 earnings per share. As a group, research analysts anticipate that TotalEnergies SE will post 8.94 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

TTE has been the topic of a number of recent research reports. Piper Sandler lifted their target price on TotalEnergies from $75.00 to $79.00 and gave the company a “neutral” rating in a research report on Thursday, April 18th. Wolfe Research assumed coverage on shares of TotalEnergies in a research report on Thursday, July 18th. They issued an “outperform” rating and a $87.00 price objective on the stock. Finally, Scotiabank reduced their target price on shares of TotalEnergies from $86.00 to $80.00 and set a “sector perform” rating for the company in a report on Friday, July 12th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $76.00.

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.