LRI Investments LLC Increases Position in TotalEnergies SE (NYSE:TTE)

LRI Investments LLC raised its holdings in TotalEnergies SE (NYSE:TTE) by 7,209.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,020 shares of the company’s stock after acquiring an additional 3,965 shares during the period. LRI Investments LLC’s holdings in TotalEnergies were worth $268,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. North Star Investment Management Corp. boosted its stake in TotalEnergies by 310.0% during the first quarter. North Star Investment Management Corp. now owns 410 shares of the company’s stock worth $28,000 after buying an additional 310 shares during the last quarter. Evolution Advisers Inc. purchased a new stake in shares of TotalEnergies in the fourth quarter valued at about $29,000. Pathway Financial Advisers LLC acquired a new stake in TotalEnergies during the first quarter worth about $29,000. Frazier Financial Advisors LLC acquired a new stake in TotalEnergies during the fourth quarter worth about $30,000. Finally, Tower Research Capital LLC TRC purchased a new position in TotalEnergies during the fourth quarter worth about $31,000. 13.22% of the stock is currently owned by institutional investors and hedge funds.

TotalEnergies Trading Up 1.9 %

Shares of TTE stock opened at $69.73 on Friday. The company has a 50-day moving average of $67.85 and a two-hundred day moving average of $68.82. The firm has a market cap of $164.66 billion, a PE ratio of 7.87, a price-to-earnings-growth ratio of 1.76 and a beta of 0.64. TotalEnergies SE has a 1-year low of $61.56 and a 1-year high of $74.97. 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 (NYSE:TTE) last posted its quarterly earnings data on Thursday, July 25th. The company reported $1.98 earnings per share for the quarter, missing analysts’ consensus estimates of $2.11 by ($0.13). The company had revenue of $53.74 billion for the quarter, compared to analysts’ expectations of $60.45 billion. TotalEnergies had a return on equity of 17.92% and a net margin of 9.49%. During the same period in the previous year, the business posted $1.99 EPS. On average, analysts predict that TotalEnergies SE will post 8.84 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on TTE shares. Wolfe Research started coverage on shares of TotalEnergies in a report on Thursday, July 18th. They set an “outperform” rating and a $87.00 price target for the company. Scotiabank cut their target price on TotalEnergies from $86.00 to $80.00 and set a “sector perform” rating for the company in a research note on Friday, July 12th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $82.00.

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.