TotalEnergies SE (NYSE:TTE) Holdings Lifted by Ritholtz Wealth Management

Ritholtz Wealth Management raised its holdings in shares of TotalEnergies SE (NYSE:TTE - Free Report) by 17.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,037 shares of the company's stock after acquiring an additional 9,331 shares during the period. Ritholtz Wealth Management's holdings in TotalEnergies were worth $4,138,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Mather Group LLC. raised its stake in TotalEnergies by 12.4% during the 3rd quarter. Mather Group LLC. now owns 1,312 shares of the company's stock valued at $85,000 after acquiring an additional 145 shares in the last quarter. Geneos Wealth Management Inc. raised its stake in TotalEnergies by 3.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 4,379 shares of the company's stock valued at $301,000 after acquiring an additional 153 shares in the last quarter. Hexagon Capital Partners LLC raised its stake in TotalEnergies by 5.1% during the 2nd quarter. Hexagon Capital Partners LLC now owns 3,406 shares of the company's stock valued at $227,000 after acquiring an additional 164 shares in the last quarter. Opal Wealth Advisors LLC raised its stake in shares of TotalEnergies by 17.0% in the 2nd quarter. Opal Wealth Advisors LLC now owns 1,285 shares of the company's stock worth $86,000 after buying an additional 187 shares in the last quarter. Finally, Delta Financial Group Inc. raised its stake in shares of TotalEnergies by 3.1% in the 1st quarter. Delta Financial Group Inc. now owns 6,250 shares of the company's stock worth $430,000 after buying an additional 190 shares in the last quarter. Institutional investors own 13.22% of the company's stock.

TotalEnergies Price Performance

Shares of NYSE TTE traded down $0.18 during mid-day trading on Friday, reaching $68.28. The company had a trading volume of 1,793,588 shares, compared to its average volume of 1,448,650. The company has a current ratio of 1.11, a quick ratio of 0.87 and a debt-to-equity ratio of 0.35. The stock has a market cap of $161.24 billion, a PE ratio of 7.74, a P/E/G ratio of 1.85 and a beta of 0.63. The company has a 50-day moving average price of $67.80 and a two-hundred day moving average price of $69.40. TotalEnergies SE has a 1-year low of $62.59 and a 1-year high of $74.97.

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

Analyst Upgrades and Downgrades

TTE has been the topic of a number of research reports. UBS Group raised TotalEnergies to a "strong-buy" rating in a research note on Wednesday. Scotiabank dropped their price objective on TotalEnergies from $80.00 to $75.00 and set a "sector perform" rating on the stock in a research note on Thursday. Wolfe Research initiated coverage on TotalEnergies in a research note on Thursday, July 18th. They issued an "outperform" rating and a $87.00 price objective on the stock. Barclays raised TotalEnergies to a "strong-buy" rating in a research note on Wednesday, October 2nd. Finally, TD Cowen downgraded TotalEnergies from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 30th. Five analysts have rated the stock with a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, TotalEnergies has a consensus rating of "Moderate Buy" and a consensus price target of $78.75.

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.