TotalEnergies SE (NYSE:TTE) Stock Holdings Boosted by Raymond James & Associates

Raymond James & Associates lifted its position in shares of TotalEnergies SE (NYSE:TTE) by 0.6% in the 3rd quarter, Holdings Channel reports. The fund owned 2,320,091 shares of the company’s stock after buying an additional 13,022 shares during the period. Raymond James & Associates’ holdings in TotalEnergies were worth $149,924,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. North Star Investment Management Corp. lifted 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 worth $28,000 after purchasing an additional 310 shares during the period. Larson Financial Group LLC lifted its holdings in TotalEnergies by 100.5% in the second quarter. Larson Financial Group LLC now owns 423 shares of the company’s stock worth $28,000 after purchasing an additional 212 shares during the period. Pathway Financial Advisers LLC acquired a new stake in TotalEnergies in the first quarter worth about $29,000. Boit C F David acquired a new stake in TotalEnergies in the third quarter worth about $32,000. Finally, New Covenant Trust Company N.A. acquired a new stake in TotalEnergies in the first quarter worth about $38,000. Institutional investors own 13.22% of the company’s stock.

TotalEnergies Price Performance

Shares of NYSE TTE opened at $64.91 on Friday. The company has a current ratio of 1.11, a quick ratio of 0.87 and a debt-to-equity ratio of 0.35. TotalEnergies SE has a twelve month low of $62.59 and a twelve month high of $74.97. The company has a market capitalization of $153.28 billion, a price-to-earnings ratio of 7.33, a PEG ratio of 1.86 and a beta of 0.63. The firm has a 50-day moving average of $67.73 and a two-hundred day moving average of $69.26.

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

Analysts Set New Price Targets

Several research firms recently weighed in on TTE. TD Cowen downgraded shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a report on Monday, September 30th. Barclays raised shares of TotalEnergies to a “strong-buy” rating in a report on Wednesday, October 2nd. The Goldman Sachs Group raised shares of TotalEnergies to a “hold” rating in a report on Thursday, October 3rd. Wolfe Research began coverage on shares of TotalEnergies in a report on Thursday, July 18th. They issued an “outperform” rating and a $87.00 price target for the company. Finally, UBS Group raised shares of TotalEnergies to a “strong-buy” rating in a report on Wednesday, October 9th. Five investment analysts have rated the stock with a hold rating, one has issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, TotalEnergies presently has an average rating of “Moderate Buy” and a consensus target price of $78.75.

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.