Sivia Capital Partners LLC Acquires 562 Shares of TotalEnergies SE (NYSE:TTE)

Sivia Capital Partners LLC lifted its holdings in shares of TotalEnergies SE (NYSE:TTE) by 17.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 3,861 shares of the company’s stock after purchasing an additional 562 shares during the period. Sivia Capital Partners LLC’s holdings in TotalEnergies were worth $257,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. North Star Investment Management Corp. lifted its position in TotalEnergies by 310.0% during the 1st quarter. North Star Investment Management Corp. now owns 410 shares of the company’s stock worth $28,000 after buying an additional 310 shares in the last quarter. Larson Financial Group LLC lifted its position in shares of TotalEnergies by 100.5% during 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 in the last quarter. Pathway Financial Advisers LLC bought a new stake in shares of TotalEnergies during the first quarter valued at approximately $29,000. Frazier Financial Advisors LLC bought a new stake in shares of TotalEnergies during the fourth quarter valued at approximately $30,000. Finally, Creekmur Asset Management LLC acquired a new stake in shares of TotalEnergies in the fourth quarter valued at approximately $31,000. 13.22% of the stock is currently owned by institutional investors and hedge funds.

TotalEnergies Trading Down 0.8 %

Shares of NYSE TTE opened at $66.30 on Friday. TotalEnergies SE has a fifty-two week low of $62.28 and a fifty-two week high of $74.97. The firm has a market capitalization of $156.56 billion, a P/E ratio of 7.48, a P/E/G ratio of 1.73 and a beta of 0.64. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.11 and a quick ratio of 0.87. The company’s 50 day simple moving average is $68.19 and its 200 day simple moving average is $69.10.

TotalEnergies (NYSE:TTE) last posted its quarterly earnings results 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 net margin of 9.49% and a return on equity of 17.92%. The company had revenue of $53.74 billion during the quarter, compared to analyst estimates of $60.45 billion. During the same period last year, the company earned $1.99 EPS. On average, analysts predict that TotalEnergies SE will post 8.76 EPS for the current year.

Wall Street Analysts Forecast Growth

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

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.