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

Creative Planning raised its position in shares of TotalEnergies SE (NYSE:TTE - Free Report) by 13.2% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 158,045 shares of the company's stock after purchasing an additional 18,412 shares during the period. Creative Planning's holdings in TotalEnergies were worth $10,213,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in the company. Gilman Hill Asset Management LLC raised its holdings in shares of TotalEnergies by 6.0% in the third quarter. Gilman Hill Asset Management LLC now owns 78,680 shares of the company's stock valued at $5,084,000 after acquiring an additional 4,455 shares in the last quarter. Koshinski Asset Management Inc. purchased a new position in TotalEnergies during the third quarter valued at approximately $235,000. Exchange Traded Concepts LLC raised its stake in TotalEnergies by 122.8% in the third quarter. Exchange Traded Concepts LLC now owns 61,920 shares of the company's stock worth $4,001,000 after buying an additional 34,127 shares in the last quarter. Annex Advisory Services LLC raised its stake in TotalEnergies by 0.7% in the third quarter. Annex Advisory Services LLC now owns 73,399 shares of the company's stock worth $4,743,000 after buying an additional 478 shares in the last quarter. Finally, Ritholtz Wealth Management lifted its holdings in TotalEnergies by 17.1% during the third quarter. Ritholtz Wealth Management now owns 64,037 shares of the company's stock worth $4,138,000 after buying an additional 9,331 shares during the period. 13.22% of the stock is currently owned by hedge funds and other institutional investors.

TotalEnergies Stock Down 0.4 %

Shares of TTE traded down $0.24 during mid-day trading on Wednesday, hitting $64.60. 974,976 shares of the company traded hands, compared to its average volume of 1,438,014. The company has a market capitalization of $152.55 billion, a PE ratio of 7.29, a price-to-earnings-growth ratio of 1.80 and a beta of 0.63. The company has a quick ratio of 0.87, a current ratio of 1.11 and a debt-to-equity ratio of 0.35. The business has a 50 day moving average of $67.62 and a 200 day moving average of $69.13. 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 posted its quarterly earnings data on Thursday, July 25th. The company reported $1.98 EPS 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 company had revenue of $53.74 billion for the quarter, compared to analyst estimates of $60.45 billion. During the same quarter in the previous year, the firm posted $1.99 earnings per share. Equities research analysts anticipate that TotalEnergies SE will post 8.17 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. UBS Group raised TotalEnergies to a "strong-buy" rating in a research report on Wednesday, October 9th. The Goldman Sachs Group upgraded shares of TotalEnergies to a "hold" rating in a report on Thursday, October 3rd. Wolfe Research started coverage on shares of TotalEnergies in a report on Thursday, July 18th. They issued an "outperform" rating and a $87.00 price target on the stock. Scotiabank reduced their price objective on shares of TotalEnergies from $80.00 to $75.00 and set a "sector perform" rating for the company in a research note on Thursday, October 10th. Finally, Barclays upgraded shares of TotalEnergies to a "strong-buy" rating in a research note on Wednesday, October 2nd. Five analysts have rated the stock with a hold rating, one has given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $78.75.

About TotalEnergies

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.