Raymond James & Associates Boosts Position in TotalEnergies SE (NYSE:TTE)

Raymond James & Associates boosted its holdings in TotalEnergies SE (NYSE:TTE) by 0.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 2,320,091 shares of the company’s stock after buying an additional 13,022 shares during the period. Raymond James & Associates owned approximately 0.10% of TotalEnergies worth $149,924,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. North Star Investment Management Corp. raised its holdings in TotalEnergies by 310.0% in the first quarter. North Star Investment Management Corp. now owns 410 shares of the company’s stock valued at $28,000 after buying an additional 310 shares during the period. Larson Financial Group LLC raised its stake in shares of TotalEnergies by 100.5% during the second quarter. Larson Financial Group LLC now owns 423 shares of the company’s stock valued at $28,000 after purchasing an additional 212 shares during the period. Pathway Financial Advisers LLC purchased a new stake in shares of TotalEnergies during the first quarter valued at approximately $29,000. Boit C F David purchased a new stake in shares of TotalEnergies during the third quarter valued at approximately $32,000. Finally, New Covenant Trust Company N.A. acquired a new stake in shares of TotalEnergies during the first quarter worth approximately $38,000. Hedge funds and other institutional investors own 13.22% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Barclays raised shares of TotalEnergies to a “strong-buy” rating in a research report on Wednesday, October 2nd. The Goldman Sachs Group raised shares of TotalEnergies to a “hold” rating in a research report on Thursday, October 3rd. Wolfe Research assumed coverage on shares of TotalEnergies in a research report on Thursday, July 18th. They set an “outperform” rating and a $87.00 price target for the company. Scotiabank decreased their price target on shares of TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating for the company in a research report on Thursday, October 10th. Finally, UBS Group raised shares of TotalEnergies to a “strong-buy” rating in a report on Wednesday, October 9th. Five equities research 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 MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $78.75.

TotalEnergies Stock Performance

TotalEnergies stock opened at $64.91 on Friday. The company has a market cap of $153.28 billion, a PE ratio of 7.33, a P/E/G ratio of 1.86 and a beta of 0.63. The company has a fifty day moving average price of $67.73 and a two-hundred day moving average price of $69.26. 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 12 month low of $62.59 and a 12 month high of $74.97.

TotalEnergies (NYSE:TTE) last released its quarterly earnings results on Thursday, July 25th. The company reported $1.98 EPS for the quarter, missing the consensus estimate of $2.11 by ($0.13). The firm had revenue of $53.74 billion for the quarter, compared to the consensus estimate of $60.45 billion. TotalEnergies had a return on equity of 17.92% and a net margin of 9.49%. During the same quarter in the prior year, the company posted $1.99 EPS. Research analysts expect that TotalEnergies SE will post 8.29 earnings per share for the current year.

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.