Thoroughbred Financial Services LLC Takes $220,000 Position in TotalEnergies SE (NYSE:TTE)

Thoroughbred Financial Services LLC acquired a new stake in TotalEnergies SE (NYSE:TTE) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 3,313 shares of the company’s stock, valued at approximately $220,000.

A number of other large investors also recently modified their holdings of TTE. Fisher Asset Management LLC lifted its position in TotalEnergies by 1.8% during 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 purchasing an additional 379,198 shares during the last quarter. Capital International Investors lifted 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 valued at $334,383,000 after purchasing an additional 100,059 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in TotalEnergies by 3.5% during 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 during the last quarter. Natixis Advisors LLC lifted its position in TotalEnergies by 3.4% during the second quarter. Natixis Advisors LLC now owns 2,160,603 shares of the company’s stock valued at $144,069,000 after purchasing an additional 71,658 shares during the last quarter. Finally, Clearbridge Investments LLC lifted its position in TotalEnergies by 1.5% during 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 during the last quarter. 13.22% of the stock is currently owned by institutional investors.

TotalEnergies Trading Up 0.4 %

Shares of TTE opened at $68.36 on Wednesday. The firm has a market cap of $161.43 billion, a price-to-earnings ratio of 7.72, a PEG ratio of 1.76 and a beta of 0.64. 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 fifty-two week low of $62.28 and a fifty-two week high of $74.97. The firm has a 50 day moving average price of $67.90 and a 200-day moving average price of $69.32.

TotalEnergies (NYSE:TTE) last announced 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). TotalEnergies had a return on equity of 17.92% and a net margin of 9.49%. The business had revenue of $53.74 billion during the quarter, compared to the consensus estimate of $60.45 billion. During the same quarter in the previous year, the firm posted $1.99 earnings per share. As a group, equities research analysts forecast that TotalEnergies SE will post 8.65 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on TTE shares. Wolfe Research started coverage on shares of TotalEnergies in a research report on Thursday, July 18th. They set an “outperform” rating and a $87.00 target price for the company. Scotiabank lowered their price objective on shares of TotalEnergies from $86.00 to $80.00 and set a “sector perform” rating for the company in a report on Friday, July 12th.

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.