TotalEnergies SE Sponsored ADR $TTE Stock Position Boosted by Clarius Group LLC

Clarius Group LLC grew its stake in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) by 12.4% during the second quarter, Holdings Channel reports. The institutional investor owned 8,603 shares of the company’s stock after acquiring an additional 952 shares during the period. Clarius Group LLC’s holdings in TotalEnergies were worth $528,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Inlight Wealth Management LLC acquired a new position in shares of TotalEnergies during the first quarter valued at approximately $32,000. Costello Asset Management INC acquired a new position in shares of TotalEnergies during the 1st quarter valued at $32,000. SouthState Corp raised its stake in shares of TotalEnergies by 126.1% in the 1st quarter. SouthState Corp now owns 572 shares of the company’s stock worth $37,000 after buying an additional 319 shares in the last quarter. Arlington Trust Co LLC acquired a new stake in shares of TotalEnergies in the first quarter valued at $39,000. Finally, Brentview Investment Management LLC bought a new position in TotalEnergies during the first quarter valued at about $45,000. 16.53% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have commented on TTE. Royal Bank Of Canada reiterated an “outperform” rating on shares of TotalEnergies in a research report on Tuesday, September 30th. BNP Paribas lowered shares of TotalEnergies from an “outperform” rating to a “hold” rating in a research note on Tuesday, September 23rd. Piper Sandler lifted their price target on shares of TotalEnergies from $66.00 to $68.00 and gave the stock a “neutral” rating in a research report on Monday, August 18th. Berenberg Bank downgraded TotalEnergies from a “buy” rating to a “hold” rating and set a $64.00 price objective for the company. in a research report on Thursday, September 25th. Finally, Scotiabank set a $65.00 target price on TotalEnergies and gave the stock a “sector perform” rating in a report on Friday, July 11th. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, TotalEnergies presently has an average rating of “Moderate Buy” and a consensus price target of $64.45.

TotalEnergies Trading Up 0.4%

TotalEnergies stock opened at $59.73 on Monday. TotalEnergies SE Sponsored ADR has a 52 week low of $52.78 and a 52 week high of $69.79. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.81 and a current ratio of 1.00. The firm has a market capitalization of $143.20 billion, a price-to-earnings ratio of 10.84, a P/E/G ratio of 1.40 and a beta of 0.53. The company has a 50 day moving average price of $61.45 and a 200 day moving average price of $60.62.

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

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.