Sanctuary Advisors LLC Purchases Shares of 137,613 TotalEnergies SE (NYSE:TTE)

Sanctuary Advisors LLC bought a new stake in TotalEnergies SE (NYSE:TTE - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 137,613 shares of the company's stock, valued at approximately $9,176,000.

Other large investors have also recently bought and sold shares of the company. North Star Investment Management Corp. boosted its stake in shares of TotalEnergies by 310.0% during the 1st quarter. North Star Investment Management Corp. now owns 410 shares of the company's stock worth $28,000 after acquiring an additional 310 shares in the last quarter. Larson Financial Group LLC increased its stake in 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 in the last quarter. Pathway Financial Advisers LLC acquired a new stake in TotalEnergies during the 1st quarter worth about $29,000. Creekmur Asset Management LLC purchased a new stake in TotalEnergies during the fourth quarter valued at about $31,000. Finally, New Covenant Trust Company N.A. purchased a new stake in TotalEnergies during the first quarter valued at about $38,000. Institutional investors and hedge funds own 13.22% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on TTE shares. Scotiabank cut their price target on shares of TotalEnergies from $86.00 to $80.00 and set a "sector perform" rating on the stock in a report on Friday, July 12th. Wolfe Research initiated coverage on shares of TotalEnergies in a research note on Thursday, July 18th. They set an "outperform" rating and a $87.00 target price on the stock. TD Cowen cut TotalEnergies from a "strong-buy" rating to a "hold" rating in a research report on Monday. Finally, Barclays raised TotalEnergies to a "strong-buy" rating in a research report on Wednesday. Four equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $80.00.

TotalEnergies Stock Up 1.1 %

TTE traded up $0.72 during midday trading on Friday, hitting $68.60. 1,968,437 shares of the company's stock traded hands, compared to its average volume of 1,608,485. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.11 and a quick ratio of 0.87. The company has a market cap of $161.99 billion, a PE ratio of 7.74, a price-to-earnings-growth ratio of 1.83 and a beta of 0.63. TotalEnergies SE has a one year low of $62.28 and a one year high of $74.97. The stock's fifty day simple moving average is $67.66 and its 200-day simple moving average is $69.38.

TotalEnergies (NYSE:TTE - Get Free Report) last released its quarterly earnings data on Thursday, July 25th. The company reported $1.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.11 by ($0.13). The business had revenue of $53.74 billion during the quarter, compared to analyst estimates of $60.45 billion. TotalEnergies had a net margin of 9.49% and a return on equity of 17.92%. During the same period in the previous year, the firm posted $1.99 EPS. As a group, equities analysts anticipate that TotalEnergies SE will post 8.34 earnings per share for the current fiscal 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.