Creative Planning Grows Holdings in TotalEnergies SE (NYSE:TTE)

Creative Planning raised its holdings in shares of TotalEnergies SE (NYSE:TTE - Free Report) by 9.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 139,633 shares of the company's stock after purchasing an additional 12,331 shares during the quarter. Creative Planning's holdings in TotalEnergies were worth $9,311,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. North Star Investment Management Corp. increased its stake in shares of TotalEnergies by 310.0% during the first quarter. North Star Investment Management Corp. now owns 410 shares of the company's stock valued at $28,000 after buying an additional 310 shares during the period. Larson Financial Group LLC lifted its position in shares of TotalEnergies by 100.5% in the 2nd quarter. Larson Financial Group LLC now owns 423 shares of the company's stock worth $28,000 after purchasing an additional 212 shares during the period. Pathway Financial Advisers LLC bought a new position in shares of TotalEnergies during the first quarter valued at approximately $29,000. Creekmur Asset Management LLC purchased a new position in TotalEnergies during the fourth quarter valued at approximately $31,000. Finally, New Covenant Trust Company N.A. bought a new position in TotalEnergies in the first quarter worth approximately $38,000. 13.22% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. TD Cowen downgraded TotalEnergies from a "strong-buy" rating to a "hold" rating in a report on Monday. 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. Finally, Scotiabank decreased their price target on shares of TotalEnergies from $86.00 to $80.00 and set a "sector perform" rating for the company in a research report on Friday, July 12th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $80.00.

TotalEnergies Stock Up 2.4 %

NYSE:TTE traded up $1.60 during mid-day trading on Wednesday, hitting $67.28. 2,725,858 shares of the company's stock traded hands, compared to its average volume of 1,450,843. The company has a fifty day moving average of $67.65 and a 200 day moving average of $69.39. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.87 and a current ratio of 1.11. TotalEnergies SE has a twelve month low of $62.28 and a twelve month high of $74.97. The company has a market capitalization of $158.88 billion, a P/E ratio of 7.59, a P/E/G ratio of 1.78 and a beta of 0.64.

TotalEnergies (NYSE:TTE - Get Free Report) last issued its quarterly earnings results on Thursday, July 25th. The company reported $1.98 earnings per share for the quarter, missing the consensus estimate of $2.11 by ($0.13). TotalEnergies had a return on equity of 17.92% and a net margin of 9.49%. The business had revenue of $53.74 billion during the quarter, compared to analyst estimates of $60.45 billion. During the same quarter last year, the company posted $1.99 EPS. On average, analysts forecast that TotalEnergies SE will post 8.42 EPS for the current year.

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.