EP Wealth Advisors LLC Increases Holdings in TotalEnergies SE (NYSE:TTE)

EP Wealth Advisors LLC increased its stake in TotalEnergies SE (NYSE:TTE) by 63.8% during the first quarter, according to its most recent filing with the SEC. The fund owned 8,757 shares of the company’s stock after buying an additional 3,411 shares during the quarter. EP Wealth Advisors LLC’s holdings in TotalEnergies were worth $603,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Fisher Asset Management LLC lifted its stake in TotalEnergies by 2.0% in the fourth quarter. Fisher Asset Management LLC now owns 21,184,792 shares of the company’s stock valued at $1,427,431,000 after purchasing an additional 419,487 shares during the last quarter. Wells Fargo & Company MN grew its stake in TotalEnergies by 1.0% during the fourth quarter. Wells Fargo & Company MN now owns 6,920,067 shares of the company’s stock valued at $466,274,000 after acquiring an additional 70,394 shares in the last quarter. Capital International Investors increased its holdings in shares of TotalEnergies by 1.8% in the fourth quarter. Capital International Investors now owns 4,758,038 shares of the company’s stock worth $318,408,000 after purchasing an additional 85,969 shares during the period. Goldman Sachs Group Inc. raised its position in shares of TotalEnergies by 3.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,592,234 shares of the company’s stock worth $174,665,000 after buying an additional 86,642 shares in the last quarter. Finally, Clearbridge Investments LLC boosted its stake in TotalEnergies by 1.5% during the first quarter. Clearbridge Investments LLC now owns 2,039,311 shares of the company’s stock valued at $140,366,000 after buying an additional 31,123 shares during the period. 13.22% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on TTE shares. Wolfe Research assumed coverage on TotalEnergies in a research note on Thursday, July 18th. They issued an “outperform” rating and a $87.00 target price on the stock. Piper Sandler upped their price objective on TotalEnergies from $75.00 to $79.00 and gave the stock a “neutral” rating in a report on Thursday, April 18th. Finally, Scotiabank decreased their price objective on TotalEnergies from $86.00 to $80.00 and set a “sector perform” rating on the stock in a report 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. Based on data from MarketBeat.com, TotalEnergies has a consensus rating of “Hold” and an average price target of $76.00.

TotalEnergies Trading Up 0.3 %

TTE stock traded up $0.22 during trading on Friday, hitting $67.85. 696,873 shares of the company traded hands, compared to its average volume of 1,500,466. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.87 and a current ratio of 1.09. TotalEnergies SE has a 1 year low of $57.97 and a 1 year high of $74.97. The company has a 50-day moving average of $69.10 and a 200-day moving average of $68.42. The firm has a market capitalization of $160.22 billion, a PE ratio of 7.67, a P/E/G ratio of 1.66 and a beta of 0.64.

TotalEnergies (NYSE:TTE) last issued its 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. The company had revenue of $56.28 billion for the quarter, compared to the consensus estimate of $59.64 billion. TotalEnergies had a net margin of 9.52% and a return on equity of 18.30%. Analysts predict that TotalEnergies SE will post 9.11 earnings per share 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.