Abel Hall LLC Purchases 2,851 Shares of TotalEnergies SE Sponsored ADR $TTE

Abel Hall LLC increased its position in TotalEnergies SE Sponsored ADR (NYSE:TTE) by 37.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,500 shares of the company’s stock after purchasing an additional 2,851 shares during the quarter. Abel Hall LLC’s holdings in TotalEnergies were worth $645,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Goldman Sachs Group Inc. lifted its holdings in shares of TotalEnergies by 53.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,232,525 shares of the company’s stock worth $209,112,000 after acquiring an additional 1,119,406 shares during the period. Alyeska Investment Group L.P. lifted its stake in TotalEnergies by 287.2% during the first quarter. Alyeska Investment Group L.P. now owns 1,247,765 shares of the company’s stock worth $80,718,000 after purchasing an additional 925,541 shares during the period. Federated Hermes Inc. lifted its stake in TotalEnergies by 23.1% during the first quarter. Federated Hermes Inc. now owns 3,552,025 shares of the company’s stock worth $229,780,000 after purchasing an additional 665,620 shares during the period. Natixis Advisors LLC lifted its stake in TotalEnergies by 17.3% during the first quarter. Natixis Advisors LLC now owns 2,160,096 shares of the company’s stock worth $139,737,000 after purchasing an additional 318,225 shares during the period. Finally, GW Henssler & Associates Ltd. bought a new position in TotalEnergies during the first quarter worth about $20,580,000. 16.53% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on TTE shares. Berenberg Bank downgraded TotalEnergies from a “buy” rating to a “hold” rating and set a $64.00 target price for the company. in a research report on Thursday, September 25th. Scotiabank set a $65.00 target price on TotalEnergies and gave the stock a “sector perform” rating in a research report on Friday, July 11th. Weiss Ratings reissued a “hold (c)” rating on shares of TotalEnergies in a report on Saturday, September 27th. Royal Bank Of Canada reissued an “outperform” rating on shares of TotalEnergies in a report on Tuesday, September 30th. Finally, Sanford C. Bernstein raised TotalEnergies from a “market perform” rating to an “outperform” rating in a report on Monday, June 16th. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $64.45.

TotalEnergies Trading Down 0.5%

Shares of TTE opened at $59.47 on Wednesday. The stock has a fifty day moving average price of $61.39 and a two-hundred day moving average price of $60.59. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.81 and a current ratio of 1.00. TotalEnergies SE Sponsored ADR has a 52-week low of $52.78 and a 52-week high of $68.80. The company has a market cap of $142.58 billion, a price-to-earnings ratio of 10.79, a PEG ratio of 1.41 and a beta of 0.53.

TotalEnergies (NYSE:TTE) last released its quarterly 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). TotalEnergies had a net margin of 6.20% and a return on equity of 13.59%. The business had revenue of $44.68 billion during the quarter, compared to the consensus estimate of $42.44 billion. Analysts predict that TotalEnergies SE Sponsored ADR will post 8.02 EPS for the current fiscal 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.