September 30, 2023 – Golden State Equity Partners, a prominent investment firm, has recently acquired a new stake in TotalEnergies SE (NYSE:TTE), as disclosed in its latest Form 13F filing with the Securities & Exchange Commission. The firm purchased 5,143 shares of TotalEnergies’ stock during the second quarter, worth approximately $296,000.
TotalEnergies (NYSE:TTE) is a leading multi-energy company that specializes in the production and distribution of fuels, natural gas, and electricity. With operations spanning across France, Europe, North America, Africa, and other international markets, TotalEnergies operates through four distinct segments: Integrated Gas, Renewables & Power; Exploration & Production; Refining & Chemicals; and Marketing & Services.
In its most recent earnings report released on Thursday, July 27th, TotalEnergies reported an earnings per share (EPS) of $1.99 for the quarter. This fell short of the consensus estimate of $2.21 by ($0.22). Furthermore, the company generated revenue amounting to $56.27 billion during the quarter, surpassing analysts’ expectations of $42.61 billion.
Despite missing estimates on EPS for this quarter, TotalEnergies showcased a robust return on equity of 24.61% and a net margin of 7.76%. These figures indicate the company’s strong financial performance during the period under review.
Equities research analysts have projected that TotalEnergies SE will achieve an earnings per share of 9.51 for the current fiscal year. This suggests positive growth potential for the company and highlights its ability to deliver value to shareholders.
The recent investment made by Golden State Equity Partners exemplifies their confidence in TotalEnergies’ long-term prospects and underscores their belief in its capacity to generate consistent returns for investors.
As both companies move forward with this transaction, stakeholders and industry observers will be keenly watching for any developments that may impact TotalEnergies’ market performance and growth trajectory. It remains to be seen how this investment will shape the future of TotalEnergies SE and contribute to its goal of providing sustainable energy solutions across the globe.
Reference:
Golden State Equity Partners purchases stake in TotalEnergies SE, Form 13F filing with the Securities & Exchange Commission, September 30, 2023.
TotalEnergies reports Q2 earnings results, Seeking Alpha website, July 27th, 2023.
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TotalEnergies: Divided Views and Growing Investment Interest
TotalEnergies: Mixed Reviews from Analysts Amid Growing Investment Interest
Date: September 30, 2023
TotalEnergies SE, a multinational energy company, has recently garnered the attention of several hedge funds and institutional investors as they reshuffle their stakes in the company. Despite this heightened investment interest, research analysts have offered mixed opinions on the stock’s performance and future prospects.
One notable investor that entered the fray is Aspire Private Capital LLC, which made a new position acquisition during the first quarter, valuing the shares at an impressive $21,317,050,000. Financial Connections Group Inc. and Sandy Spring Bank also joined in by purchasing new stakes valued at $27,000 each during different quarters. Versant Capital Management Inc., on the other hand, exhibited significant confidence in TotalEnergies by increasing its holdings by a staggering 940.9% during the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC also saw potential and grew its position by a substantial 584.1% during the same period.
These investments indicate a growing market capitalization for TotalEnergies SE, which currently stands at an impressive $164.06 billion. With a P/E ratio of 8.71 and a price-to-earnings-growth ratio of 0.75, it is evident that investors are weighing their decisions based on key financial indicators. Moreover, the stock boasts a beta of 0.79, reflecting its relatively moderate volatility compared to average market movements.
While TotalEnergies SE appears to be an attractive prospect for some investors given its recent performance, it is essential to consider multiple viewpoints before making any investment decisions.
Analysts from Citigroup initiated coverage on TotalEnergies and assigned a “neutral” rating to the stock on August 30th; however, it is important to note that this was merely their initial evaluation of the company. Meanwhile, Royal Bank of Canada expressed a less optimistic sentiment by dropping their price target on the stock from $65.00 to $60.00 and rating it as “sector perform” in July. Piper Sandler also decreased its target price from $68.00 to $64.00 in June, while TD Cowen lowered their price target to $58.00 and issued a “market perform” rating in August.
With eight analysts providing a “hold” recommendation and three assigning a “buy” rating, Bloomberg.com indicates that TotalEnergies currently holds an average rating of “Hold” with an average price target of $62.67.
Investors exploring opportunities within the energy sector should consider both positive and negative evaluations of TotalEnergies SE before making any investment decisions. The unique blend of institutional investments and variable analyst insights reflects the complexity surrounding this particular stock, underscoring diverse market sentiments.
In conclusion, while TotalEnergies has attracted significant attention from hedge funds and institutional investors, research analysts remain divided in their opinions regarding its future performance and profitability potential. Investors should conduct extensive due diligence by considering various viewpoints before drawing any conclusions on the stock’s trajectory.
