TotalEnergies SE (NYSE:TTE) Shares Purchased by Blue Trust Inc.

Blue Trust Inc. increased its holdings in TotalEnergies SE (NYSE:TTE - Free Report) by 97.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 16,182 shares of the company's stock after acquiring an additional 7,973 shares during the period. Blue Trust Inc.'s holdings in TotalEnergies were worth $1,079,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in TTE. Sei Investments Co. boosted its position in shares of TotalEnergies by 158.2% during the first quarter. Sei Investments Co. now owns 928,103 shares of the company's stock worth $63,881,000 after buying an additional 568,672 shares during the period. BNP Paribas Financial Markets boosted its holdings in TotalEnergies by 159,211.0% in the first quarter. BNP Paribas Financial Markets now owns 434,919 shares of the company's stock valued at $29,935,000 after purchasing an additional 434,646 shares during the period. Global Assets Advisory LLC purchased a new position in TotalEnergies in the first quarter valued at $22,081,000. Equity Investment Corp boosted its holdings in TotalEnergies by 20.6% in the first quarter. Equity Investment Corp now owns 1,810,041 shares of the company's stock valued at $124,585,000 after purchasing an additional 308,835 shares during the period. Finally, Generate Investment Management Ltd purchased a new position in TotalEnergies in the second quarter valued at $13,306,000. 13.22% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on TTE shares. UBS Group upgraded TotalEnergies to a "strong-buy" rating in a report on Wednesday, October 9th. The Goldman Sachs Group upgraded TotalEnergies to a "hold" rating in a report on Thursday, October 3rd. TD Cowen cut TotalEnergies from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 30th. Wolfe Research initiated coverage on TotalEnergies in a research note on Thursday, July 18th. They issued an "outperform" rating and a $87.00 price target on the stock. Finally, Scotiabank cut their price target on TotalEnergies from $80.00 to $75.00 and set a "sector perform" rating on the stock in a research note on Thursday, October 10th. Five investment analysts have rated the stock with a hold rating, one has assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $78.75.

TotalEnergies Stock Performance

Shares of TTE traded up $0.02 during midday trading on Monday, reaching $64.93. 927,513 shares of the stock were exchanged, compared to its average volume of 1,444,290. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.11 and a quick ratio of 0.87. TotalEnergies SE has a twelve month low of $62.59 and a twelve month high of $74.97. The business's 50-day moving average price is $67.68 and its 200 day moving average price is $69.18. The company has a market capitalization of $153.33 billion, a price-to-earnings ratio of 7.36, a PEG ratio of 1.80 and a beta of 0.63.

TotalEnergies (NYSE:TTE - Get Free Report) last released its quarterly 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 for the quarter, compared to analysts' expectations of $60.45 billion. During the same period in the prior year, the business earned $1.99 EPS. On average, sell-side analysts expect that TotalEnergies SE will post 8.17 EPS for the current fiscal year.

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.