Courier Capital LLC Makes New $756,000 Investment in TotalEnergies SE (NYSE:TTE)

Courier Capital LLC bought a new position in TotalEnergies SE (NYSE:TTE) during the 3rd quarter, Holdings Channel reports. The institutional investor bought 11,696 shares of the company’s stock, valued at approximately $756,000.

Several other hedge funds have also added to or reduced their stakes in the stock. Capital International Investors boosted its holdings 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 in the last quarter. Raymond James & Associates lifted its holdings in shares of TotalEnergies by 0.6% during the third quarter. Raymond James & Associates now owns 2,320,091 shares of the company’s stock valued at $149,924,000 after purchasing an additional 13,022 shares in the last quarter. Natixis Advisors LLC lifted its holdings in shares of 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 in the last quarter. Clearbridge Investments LLC lifted its holdings in shares of 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 in the last quarter. Finally, Equity Investment Corp lifted its holdings in shares of TotalEnergies by 0.6% during the second quarter. Equity Investment Corp now owns 1,820,748 shares of the company’s stock valued at $121,407,000 after purchasing an additional 10,707 shares in the last quarter. 13.22% of the stock is owned by institutional investors.

TotalEnergies Stock Performance

Shares of TTE opened at $64.60 on Thursday. 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 business has a 50-day simple moving average of $67.62 and a two-hundred day simple moving average of $69.13. The stock has a market cap of $152.55 billion, a price-to-earnings ratio of 7.32, a PEG ratio of 2.24 and a beta of 0.63. TotalEnergies SE has a 52 week low of $62.59 and a 52 week high of $74.97.

TotalEnergies (NYSE:TTE) last issued its quarterly earnings results on Thursday, July 25th. The company reported $1.98 EPS for the quarter, missing analysts’ consensus estimates of $2.11 by ($0.13). The company had revenue of $53.74 billion during the quarter, compared to analysts’ expectations of $60.45 billion. TotalEnergies had a return on equity of 17.92% and a net margin of 9.49%. During the same quarter in the previous year, the company earned $1.99 EPS. On average, analysts expect that TotalEnergies SE will post 8.17 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. TD Cowen downgraded TotalEnergies from a “strong-buy” rating to a “hold” rating in a report on Monday, September 30th. Barclays raised TotalEnergies to a “strong-buy” rating in a report on Wednesday, October 2nd. Scotiabank lowered their price target on TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating on the stock in a report on Thursday, October 10th. The Goldman Sachs Group upgraded TotalEnergies to a “hold” rating in a research report on Thursday, October 3rd. Finally, Wolfe Research began coverage on TotalEnergies in a research report on Thursday, July 18th. They set an “outperform” rating and a $87.00 price objective for the company. Five investment analysts have rated the stock with a hold rating, one has assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target 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.