Guggenheim Capital LLC lifted its stake in shares of TotalEnergies SE (NYSE:TTE – Free Report) by 22.7% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 34,630 shares of the company’s stock after acquiring an additional 6,398 shares during the period. Guggenheim Capital LLC’s holdings in TotalEnergies were worth $2,045,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Aspire Private Capital LLC acquired a new position in shares of TotalEnergies during the 1st quarter valued at $21,317,050,000. Financial Connections Group Inc. bought a new stake in TotalEnergies during the 4th quarter valued at $27,000. Sandy Spring Bank bought a new stake in TotalEnergies during the 1st quarter valued at $27,000. Versant Capital Management Inc increased its stake in TotalEnergies by 940.9% during the 1st quarter. Versant Capital Management Inc now owns 458 shares of the company’s stock valued at $27,000 after purchasing an additional 414 shares in the last quarter. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC increased its stake in TotalEnergies by 584.1% during the 1st quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 472 shares of the company’s stock valued at $28,000 after purchasing an additional 403 shares in the last quarter. Institutional investors and hedge funds own 6.53% of the company’s stock.
Analyst Ratings Changes
A number of brokerages have commented on TTE. TD Cowen decreased their price target on shares of TotalEnergies from $59.00 to $58.00 and set a “market perform” rating for the company in a research note on Thursday, August 17th. Piper Sandler decreased their price target on shares of TotalEnergies from $68.00 to $64.00 in a research note on Tuesday, June 13th. Citigroup began coverage on shares of TotalEnergies in a research note on Wednesday. They set a “neutral” rating for the company. Finally, Royal Bank of Canada decreased their price target on shares of TotalEnergies from $65.00 to $60.00 and set a “sector perform” rating for the company in a research note on Thursday, July 20th. Eight analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, TotalEnergies presently has a consensus rating of “Hold” and an average price target of $62.67.
TotalEnergies Price Performance
TTE opened at $63.19 on Thursday. The firm has a market cap of $155.10 billion, a P/E ratio of 8.24, a PEG ratio of 0.69 and a beta of 0.79. The firm has a 50-day moving average of $59.66 and a 200 day moving average of $60.41. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.96 and a current ratio of 1.17. TotalEnergies SE has a fifty-two week low of $44.61 and a fifty-two week high of $65.05.
TotalEnergies (NYSE:TTE – Get Free Report) last posted its quarterly earnings results on Thursday, July 27th. The company reported $1.99 earnings per share for the quarter, missing the consensus estimate of $2.21 by ($0.22). The company had revenue of $56.27 billion for the quarter, compared to the consensus estimate of $42.61 billion. TotalEnergies had a net margin of 7.76% and a return on equity of 24.61%. On average, research analysts expect that TotalEnergies SE will post 9.68 EPS for the current year.
About TotalEnergies
TotalEnergies SE, a multi-energy company, produces and markets fuels, natural gas, and electricity in France, rest of Europe, North America, Africa, and internationally. It operates through Integrated Gas, Renewables & Power; Exploration & Production; Refining & Chemicals; and Marketing & Services segments.
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