Fairscale Capital LLC Invests $40,000 in TotalEnergies SE (NYSE:TTE)

Fairscale Capital LLC purchased a new stake in shares of TotalEnergies SE (NYSE:TTE) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 581 shares of the company’s stock, valued at approximately $40,000.

Other hedge funds have also recently modified their holdings of the company. Fisher Asset Management LLC grew its stake in shares of TotalEnergies by 1.8% in the 4th 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 during the period. Capital International Investors grew its position in TotalEnergies by 2.1% in 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 period. Goldman Sachs Group Inc. increased its stake in TotalEnergies by 3.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,592,234 shares of the company’s stock worth $174,665,000 after acquiring an additional 86,642 shares during the last quarter. Natixis Advisors LLC raised its position in TotalEnergies by 3.4% in 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 period. Finally, Clearbridge Investments LLC raised its position in 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 during the period. Hedge funds and other institutional investors own 13.22% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. 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 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.

TotalEnergies Trading Down 0.1 %

TTE opened at $69.09 on Monday. The company has a quick ratio of 0.87, a current ratio of 1.11 and a debt-to-equity ratio of 0.35. The firm has a market cap of $163.15 billion, a P/E ratio of 7.80, a P/E/G ratio of 1.78 and a beta of 0.64. TotalEnergies SE has a 52 week low of $62.28 and a 52 week high of $74.97. The business has a fifty day simple moving average of $67.90 and a 200-day simple moving average of $69.41.

TotalEnergies (NYSE:TTE) last released its 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). The firm had revenue of $53.74 billion during the quarter, compared to analyst estimates of $60.45 billion. TotalEnergies had a net margin of 9.49% and a return on equity of 17.92%. During the same period in the prior year, the firm earned $1.99 earnings per share. On average, equities analysts expect that TotalEnergies SE will post 8.65 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.