Lake Street Advisors Group LLC Has $563,000 Holdings in TotalEnergies SE (NYSE:TTE)

Lake Street Advisors Group LLC raised its position in TotalEnergies SE (NYSE:TTE) by 2.2% during the third quarter, according to its most recent filing with the SEC. The firm owned 8,595 shares of the company’s stock after purchasing an additional 181 shares during the period. Lake Street Advisors Group LLC’s holdings in TotalEnergies were worth $563,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Ballentine Partners LLC boosted its position in TotalEnergies by 8.3% during the third quarter. Ballentine Partners LLC now owns 14,075 shares of the company’s stock valued at $910,000 after acquiring an additional 1,077 shares during the last quarter. Mount Yale Investment Advisors LLC lifted its stake in shares of TotalEnergies by 1.2% in the 3rd quarter. Mount Yale Investment Advisors LLC now owns 26,605 shares of the company’s stock valued at $1,719,000 after purchasing an additional 312 shares during the period. Hennion & Walsh Asset Management Inc. boosted its position in shares of TotalEnergies by 4.0% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 10,597 shares of the company’s stock valued at $685,000 after purchasing an additional 407 shares in the last quarter. Brighton Jones LLC grew its stake in TotalEnergies by 18.3% during the third quarter. Brighton Jones LLC now owns 3,673 shares of the company’s stock worth $237,000 after purchasing an additional 567 shares during the period. Finally, International Assets Investment Management LLC increased its holdings in TotalEnergies by 6,367.4% in the third quarter. International Assets Investment Management LLC now owns 367,607 shares of the company’s stock worth $23,755,000 after purchasing an additional 361,923 shares in the last quarter. 13.22% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently commented 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 price objective for the company. Scotiabank reduced their price objective on TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating for the company in a research note on Thursday, October 10th. TD Cowen downgraded shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 30th. The Goldman Sachs Group raised shares of TotalEnergies to a “hold” rating in a research note on Thursday, October 3rd. Finally, Barclays upgraded shares of TotalEnergies to a “strong-buy” rating in a report on Wednesday, October 2nd. Five equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, TotalEnergies presently has a consensus rating of “Moderate Buy” and an average price target of $78.75.

TotalEnergies Trading Up 0.2 %

NYSE:TTE opened at $65.02 on Friday. TotalEnergies SE has a 52 week low of $62.59 and a 52 week high of $74.97. The firm has a 50-day moving average price of $67.41 and a two-hundred day moving average price of $68.98. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.87 and a current ratio of 1.11. The firm has a market cap of $153.54 billion, a price-to-earnings ratio of 7.34, a price-to-earnings-growth ratio of 2.24 and a beta of 0.63.

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). TotalEnergies had a net margin of 9.49% and a return on equity of 17.92%. The business had revenue of $53.74 billion for the quarter, compared to analysts’ expectations of $60.45 billion. During the same period in the previous year, the business posted $1.99 earnings per share. On average, equities analysts expect that TotalEnergies SE will post 8.17 earnings per share for the current fiscal year.

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.