Concurrent Investment Advisors LLC Increases Holdings in TotalEnergies SE (NYSE:TTE)

Concurrent Investment Advisors LLC boosted its position in TotalEnergies SE (NYSE:TTE) by 20.3% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,250 shares of the company’s stock after purchasing an additional 1,221 shares during the period. Concurrent Investment Advisors LLC’s holdings in TotalEnergies were worth $483,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TTE. Fisher Asset Management LLC increased its position in shares of TotalEnergies by 1.8% in the fourth quarter. Fisher Asset Management LLC now owns 21,144,503 shares of the company’s stock valued at $1,424,717,000 after buying an additional 379,198 shares in the last quarter. Wells Fargo & Company MN increased its holdings in TotalEnergies by 1.0% during the 4th quarter. Wells Fargo & Company MN now owns 6,920,067 shares of the company’s stock valued at $466,274,000 after acquiring an additional 70,394 shares in the last quarter. Capital International Investors raised its position in TotalEnergies by 2.1% during the first quarter. Capital International Investors now owns 4,858,097 shares of the company’s stock worth $334,383,000 after acquiring an additional 100,059 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of TotalEnergies by 3.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,592,234 shares of the company’s stock valued at $174,665,000 after purchasing an additional 86,642 shares in the last quarter. Finally, Clearbridge Investments LLC lifted its holdings in shares of TotalEnergies by 1.5% in the first quarter. Clearbridge Investments LLC now owns 2,039,311 shares of the company’s stock valued at $140,366,000 after purchasing an additional 31,123 shares in the last quarter. 13.22% of the stock is owned by institutional investors and hedge funds.

TotalEnergies Stock Performance

NYSE:TTE opened at $69.00 on Tuesday. 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 firm has a market cap of $162.94 billion, a PE ratio of 7.79, a P/E/G ratio of 1.79 and a beta of 0.64. The firm has a 50 day simple moving average of $68.21 and a 200-day simple moving average of $69.10. TotalEnergies SE has a 1-year low of $62.28 and a 1-year high of $74.97.

TotalEnergies (NYSE:TTE) last issued its quarterly earnings results on Thursday, July 25th. The company reported $1.98 earnings per share for the quarter, missing the consensus estimate of $2.11 by ($0.13). TotalEnergies had a net margin of 9.49% and a return on equity of 17.92%. The business had revenue of $53.74 billion during the quarter, compared to analyst estimates of $60.45 billion. During the same quarter last year, the firm posted $1.99 earnings per share. On average, equities analysts expect that TotalEnergies SE will post 8.77 EPS for the current year.

Analyst Ratings Changes

TTE has been the subject of several research reports. Scotiabank cut their price objective on TotalEnergies from $86.00 to $80.00 and set a “sector perform” rating for the company in a research report on Friday, July 12th. Wolfe Research initiated coverage on TotalEnergies in a report on Thursday, July 18th. They issued an “outperform” rating and a $87.00 price target for the company.

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.