Gabelli Funds LLC Increases Stock Holdings in TotalEnergies SE (NYSE:TTE)

Gabelli Funds LLC boosted its position in shares of TotalEnergies SE (NYSE:TTE) by 5.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 309,200 shares of the company’s stock after purchasing an additional 16,200 shares during the period. Gabelli Funds LLC’s holdings in TotalEnergies were worth $21,282,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Key Financial Inc increased its holdings in shares of TotalEnergies by 139.0% during the 4th quarter. Key Financial Inc now owns 380 shares of the company’s stock worth $26,000 after buying an additional 221 shares during the last quarter. North Star Investment Management Corp. increased its stake in TotalEnergies by 310.0% during the first quarter. North Star Investment Management Corp. now owns 410 shares of the company’s stock worth $28,000 after acquiring an additional 310 shares during the last quarter. Evolution Advisers Inc. purchased a new stake in TotalEnergies in the fourth quarter valued at $29,000. Frazier Financial Advisors LLC purchased a new stake in TotalEnergies in the fourth quarter valued at $30,000. Finally, Tower Research Capital LLC TRC acquired a new position in shares of TotalEnergies in the 4th quarter valued at $31,000. 13.22% of the stock is currently owned by institutional investors and hedge funds.

TotalEnergies Trading Up 0.3 %

Shares of TTE stock traded up $0.22 on Friday, hitting $67.85. The stock had a trading volume of 696,878 shares, compared to its average volume of 1,114,663. The company’s 50 day moving average price is $68.99 and its 200-day moving average price is $68.45. TotalEnergies SE has a 1 year low of $57.97 and a 1 year high of $74.97. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.09 and a quick ratio of 0.87. The firm has a market capitalization of $160.22 billion, a P/E ratio of 7.66, a P/E/G ratio of 1.66 and a beta of 0.64.

TotalEnergies (NYSE:TTE) last released its earnings results on Friday, April 26th. The company reported $2.14 earnings per share for the quarter, beating the consensus estimate of $1.96 by $0.18. The company had revenue of $56.28 billion during the quarter, compared to the consensus estimate of $59.64 billion. TotalEnergies had a return on equity of 17.93% and a net margin of 9.49%. Analysts anticipate that TotalEnergies SE will post 9.11 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages recently issued reports on TTE. Piper Sandler boosted their price objective on shares of TotalEnergies from $75.00 to $79.00 and gave the company a “neutral” rating in a report on Thursday, April 18th. Wolfe Research initiated 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 target on shares of TotalEnergies from $86.00 to $80.00 and set a “sector perform” rating on the stock in a research note on Friday, July 12th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $76.00.

TotalEnergies Company 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.