Mount Yale Investment Advisors LLC Buys 312 Shares of TotalEnergies SE (NYSE:TTE)

Mount Yale Investment Advisors LLC increased its stake in shares of TotalEnergies SE (NYSE:TTE) by 1.2% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 26,605 shares of the company’s stock after acquiring an additional 312 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in TotalEnergies were worth $1,719,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. North Star Investment Management Corp. raised its holdings in shares of 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 acquiring an additional 310 shares in the last quarter. Larson Financial Group LLC increased its position 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 last quarter. Pathway Financial Advisers LLC purchased a new stake in TotalEnergies during the first quarter valued at $29,000. Boit C F David bought a new position in TotalEnergies during the third quarter valued at $32,000. Finally, Maryland Capital Advisors Inc. purchased a new position in shares of TotalEnergies in the 3rd quarter worth $32,000. 13.22% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TTE has been the subject of a number of analyst reports. TD Cowen downgraded shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a report on Monday, September 30th. Scotiabank dropped their target price on TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating for the company in a report on Thursday, October 10th. The Goldman Sachs Group upgraded TotalEnergies to a “hold” rating in a report on Thursday, October 3rd. Wolfe Research assumed coverage on shares of TotalEnergies in a research note on Thursday, July 18th. They set an “outperform” rating and a $87.00 price objective for the company. Finally, Barclays upgraded shares of TotalEnergies to a “strong-buy” rating in a research report on Wednesday, October 2nd. Five analysts have rated the stock with a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $78.75.

TotalEnergies Price Performance

Shares of TTE stock opened at $65.01 on Friday. The stock has a 50 day moving average price of $67.41 and a 200 day moving average price of $69.00. The firm has a market capitalization of $153.52 billion, a P/E ratio of 7.37, a P/E/G ratio of 2.24 and a beta of 0.63. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.87 and a current ratio of 1.11. TotalEnergies SE has a 52-week low of $62.59 and a 52-week high of $74.97.

TotalEnergies (NYSE:TTE) last issued its earnings results 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 company had revenue of $53.74 billion for the quarter, compared to analysts’ expectations of $60.45 billion. TotalEnergies had a net margin of 9.49% and a return on equity of 17.92%. During the same period in the prior year, the firm posted $1.99 earnings per share. As a group, sell-side analysts predict that TotalEnergies SE will post 8.17 earnings per share for the current 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.