Wealth Enhancement Advisory Services LLC Purchases 4,504 Shares of TotalEnergies SE (NYSE:TTE)

Wealth Enhancement Advisory Services LLC increased its position in shares of TotalEnergies SE (NYSE:TTE) by 16.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,406 shares of the company’s stock after acquiring an additional 4,504 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in TotalEnergies were worth $2,094,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Ipswich Investment Management Co. Inc. raised its stake in shares of TotalEnergies by 1.6% during the 2nd quarter. Ipswich Investment Management Co. Inc. now owns 24,585 shares of the company’s stock worth $1,639,000 after acquiring an additional 380 shares in the last quarter. Wedmont Private Capital raised its stake in shares of TotalEnergies by 3.4% during the 2nd quarter. Wedmont Private Capital now owns 6,630 shares of the company’s stock worth $460,000 after acquiring an additional 220 shares in the last quarter. Sequoia Financial Advisors LLC increased its stake in TotalEnergies by 3.8% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 18,352 shares of the company’s stock valued at $1,224,000 after purchasing an additional 679 shares in the last quarter. LVW Advisors LLC increased its stake in TotalEnergies by 2.4% during the 2nd quarter. LVW Advisors LLC now owns 20,507 shares of the company’s stock valued at $1,367,000 after purchasing an additional 477 shares in the last quarter. Finally, Dynamic Advisor Solutions LLC increased its stake in TotalEnergies by 4.2% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 6,614 shares of the company’s stock valued at $441,000 after purchasing an additional 269 shares in the last quarter. Institutional investors own 13.22% of the company’s stock.

Wall Street Analyst Weigh In

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

TotalEnergies Stock Up 0.4 %

TTE stock opened at $68.65 on Monday. The firm’s fifty day simple moving average is $67.78 and its 200-day simple moving average is $68.73. The company has a market capitalization of $162.11 billion, a P/E ratio of 7.75, a price-to-earnings-growth ratio of 1.75 and a beta of 0.64. 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 $61.00 and a 12 month high of $74.97.

TotalEnergies (NYSE:TTE) last released 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). The business had revenue of $53.74 billion during the quarter, compared to analysts’ expectations of $60.45 billion. TotalEnergies had a net margin of 9.49% and a return on equity of 17.92%. During the same period last year, the company earned $1.99 earnings per share. As a group, equities research analysts forecast that TotalEnergies SE will post 8.84 earnings per share for the current year.

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.