Orca Wealth Management LLC Sells 243 Shares of TotalEnergies SE Sponsored ADR $TTE

Orca Wealth Management LLC lessened its position in TotalEnergies SE Sponsored ADR (NYSE:TTE) by 1.1% in the second quarter, HoldingsChannel.com reports. The fund owned 22,503 shares of the company’s stock after selling 243 shares during the period. Orca Wealth Management LLC’s holdings in TotalEnergies were worth $1,381,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Inlight Wealth Management LLC bought a new position in shares of TotalEnergies in the 1st quarter valued at about $32,000. Costello Asset Management INC bought a new position in shares of TotalEnergies in the 1st quarter valued at about $32,000. SouthState Corp grew its position in shares of TotalEnergies by 126.1% in the 1st quarter. SouthState Corp now owns 572 shares of the company’s stock valued at $37,000 after acquiring an additional 319 shares during the period. Arlington Trust Co LLC bought a new position in shares of TotalEnergies in the 1st quarter valued at about $39,000. Finally, Brentview Investment Management LLC bought a new position in shares of TotalEnergies in the 1st quarter valued at about $45,000. Institutional investors own 16.53% of the company’s stock.

TotalEnergies Price Performance

Shares of TotalEnergies stock opened at $59.73 on Friday. TotalEnergies SE Sponsored ADR has a twelve month low of $52.78 and a twelve month high of $69.79. The company has a quick ratio of 0.81, a current ratio of 1.00 and a debt-to-equity ratio of 0.40. The company has a 50-day simple moving average of $61.45 and a two-hundred day simple moving average of $60.65. The stock has a market capitalization of $143.20 billion, a price-to-earnings ratio of 10.84, a price-to-earnings-growth ratio of 1.40 and a beta of 0.53.

TotalEnergies (NYSE:TTE) last issued its quarterly earnings data on Thursday, July 24th. The company reported $1.57 earnings per share for the quarter, missing the consensus estimate of $1.62 by ($0.05). TotalEnergies had a return on equity of 13.59% and a net margin of 6.20%.The business had revenue of $44.68 billion during the quarter, compared to analyst estimates of $42.44 billion. Analysts forecast that TotalEnergies SE Sponsored ADR will post 8.02 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on TTE shares. Sanford C. Bernstein upgraded shares of TotalEnergies from a “market perform” rating to an “outperform” rating in a research note on Monday, June 16th. Scotiabank set a $65.00 target price on shares of TotalEnergies and gave the stock a “sector perform” rating in a research note on Friday, July 11th. Piper Sandler raised their target price on shares of TotalEnergies from $66.00 to $68.00 and gave the stock a “neutral” rating in a research note on Monday, August 18th. BNP Paribas Exane restated a “neutral” rating on shares of TotalEnergies in a research note on Tuesday, September 23rd. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of TotalEnergies in a research note on Tuesday. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $64.45.

TotalEnergies Company 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.