Choreo LLC Has $1.60 Million Position in TotalEnergies SE (NYSE:TTE)

Choreo LLC lifted its stake in TotalEnergies SE (NYSE:TTE) by 189.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 23,365 shares of the company’s stock after acquiring an additional 15,288 shares during the quarter. Choreo LLC’s holdings in TotalEnergies were worth $1,597,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Fisher Asset Management LLC increased its position in TotalEnergies by 1.8% in the 4th quarter. Fisher Asset Management LLC now owns 21,144,503 shares of the company’s stock worth $1,424,717,000 after purchasing an additional 379,198 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in shares of 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 buying an additional 70,394 shares during the last quarter. Capital International Investors grew its stake in shares of TotalEnergies by 2.1% in the 1st quarter. Capital International Investors now owns 4,858,097 shares of the company’s stock valued at $334,383,000 after buying an additional 100,059 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in TotalEnergies by 3.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,592,234 shares of the company’s stock worth $174,665,000 after buying an additional 86,642 shares during the last quarter. Finally, Natixis Advisors LLC increased its holdings in TotalEnergies by 3.4% in the second quarter. Natixis Advisors LLC now owns 2,160,603 shares of the company’s stock worth $144,069,000 after buying an additional 71,658 shares during the last quarter. 13.22% of the stock is currently owned by hedge funds and other institutional investors.

TotalEnergies Stock Performance

TTE opened at $66.36 on Thursday. The stock has a 50-day moving average of $68.04 and a 200-day moving average of $69.19. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.87 and a current ratio of 1.11. TotalEnergies SE has a 52-week low of $62.28 and a 52-week high of $74.97. The company has a market cap of $156.71 billion, a PE ratio of 7.49, a price-to-earnings-growth ratio of 1.74 and a beta of 0.64.

TotalEnergies (NYSE:TTE) last announced its earnings results on Thursday, July 25th. The company reported $1.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $60.45 billion. During the same period in the previous year, the company earned $1.99 EPS. As a group, equities research analysts forecast that TotalEnergies SE will post 8.67 earnings per share for the current fiscal year.

Analysts Set New Price Targets

TTE has been the subject of a number of analyst reports. Wolfe Research initiated coverage on shares of TotalEnergies in a research note on Thursday, July 18th. They issued an “outperform” rating and a $87.00 target price for the company. 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 report on Friday, July 12th.

TotalEnergies Company 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.