Bleakley Financial Group LLC Acquires 3,535 Shares of TotalEnergies SE (NYSE:TTE)

Bleakley Financial Group LLC boosted its holdings in TotalEnergies SE (NYSE:TTE) by 6.4% in the third quarter, HoldingsChannel reports. The firm owned 58,406 shares of the company’s stock after purchasing an additional 3,535 shares during the period. Bleakley Financial Group LLC’s holdings in TotalEnergies were worth $3,774,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Good Life Advisors LLC increased its stake in shares of TotalEnergies by 8.7% in the 3rd quarter. Good Life Advisors LLC now owns 7,709 shares of the company’s stock valued at $498,000 after acquiring an additional 616 shares in the last quarter. Creative Planning raised its holdings in shares of TotalEnergies by 13.2% during the third quarter. Creative Planning now owns 158,045 shares of the company’s stock valued at $10,213,000 after purchasing an additional 18,412 shares during the period. Gilman Hill Asset Management LLC grew its stake in shares of TotalEnergies by 6.0% in the 3rd quarter. Gilman Hill Asset Management LLC now owns 78,680 shares of the company’s stock valued at $5,084,000 after buying an additional 4,455 shares during the period. Koshinski Asset Management Inc. bought a new stake in TotalEnergies in the 3rd quarter valued at about $235,000. Finally, Exchange Traded Concepts LLC raised its stake in TotalEnergies by 122.8% during the 3rd quarter. Exchange Traded Concepts LLC now owns 61,920 shares of the company’s stock worth $4,001,000 after buying an additional 34,127 shares during the period. 13.22% of the stock is owned by institutional investors and hedge funds.

TotalEnergies Stock Performance

TTE stock opened at $64.92 on Friday. 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 $153.30 billion, a PE ratio of 7.33, a P/E/G ratio of 1.86 and a beta of 0.63. The business has a 50 day moving average of $67.73 and a 200-day moving average of $69.27. TotalEnergies SE has a 12-month low of $62.59 and a 12-month high of $74.97.

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Barclays raised TotalEnergies to a “strong-buy” rating in a research report on Wednesday, October 2nd. The Goldman Sachs Group upgraded shares of TotalEnergies to a “hold” rating in a report on Thursday, October 3rd. UBS Group raised shares of TotalEnergies to a “strong-buy” rating in a research report on Wednesday, October 9th. Scotiabank decreased their price objective on TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating for the company in a report on Thursday, October 10th. Finally, TD Cowen downgraded TotalEnergies from a “strong-buy” rating to a “hold” rating in a report on Monday, September 30th. Five investment analysts have rated the stock with a hold rating, one has given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, TotalEnergies has a consensus rating of “Moderate Buy” and an average 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.