Capital International Investors Purchases 100,059 Shares of TotalEnergies SE (NYSE:TTE)

Capital International Investors raised its stake in shares of TotalEnergies SE (NYSE:TTE) by 2.1% in the 1st quarter, HoldingsChannel reports. The firm owned 4,858,097 shares of the company’s stock after purchasing an additional 100,059 shares during the period. Capital International Investors’ holdings in TotalEnergies were worth $334,383,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of TTE. Sei Investments Co. increased its stake in shares of TotalEnergies by 158.2% in the first quarter. Sei Investments Co. now owns 928,103 shares of the company’s stock worth $63,881,000 after buying an additional 568,672 shares during the period. International Assets Investment Management LLC boosted its holdings in shares of TotalEnergies by 6,549.9% during the 4th quarter. International Assets Investment Management LLC now owns 503,396 shares of the company’s stock valued at $33,919,000 after buying an additional 495,826 shares in the last quarter. Natixis Advisors L.P. boosted its holdings in shares of TotalEnergies by 29.4% during the 4th quarter. Natixis Advisors L.P. now owns 1,988,119 shares of the company’s stock valued at $133,959,000 after buying an additional 451,597 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of TotalEnergies by 159,211.0% during the 1st quarter. BNP Paribas Financial Markets now owns 434,919 shares of the company’s stock valued at $29,935,000 after buying an additional 434,646 shares in the last quarter. Finally, Fisher Asset Management LLC boosted its holdings in shares of TotalEnergies by 2.0% during the 4th quarter. Fisher Asset Management LLC now owns 21,184,792 shares of the company’s stock valued at $1,427,431,000 after buying an additional 419,487 shares in the last quarter. 13.22% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

TTE has been the topic of a number of analyst reports. Piper Sandler upped their price target on shares of TotalEnergies from $75.00 to $79.00 and gave the stock a “neutral” rating in a research note on Thursday, April 18th. 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 target for the company. Finally, 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 note on Friday, July 12th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, TotalEnergies has a consensus rating of “Hold” and an average price target of $76.00.

TotalEnergies Trading Up 0.3 %

TTE traded up $0.22 during trading hours on Friday, reaching $67.85. 696,873 shares of the company’s stock traded hands, compared to its average volume of 1,500,466. The firm has a 50-day moving average price of $68.99 and a 200 day moving average price of $68.43. TotalEnergies SE has a 52-week low of $57.97 and a 52-week high of $74.97. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $160.22 billion, a PE ratio of 7.66, a PEG ratio of 1.66 and a beta of 0.64.

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

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.