Vanguard Personalized Indexing Management LLC Raises Position in TotalEnergies SE Sponsored ADR $TTE

Vanguard Personalized Indexing Management LLC raised its holdings in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) by 4.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 97,713 shares of the company’s stock after acquiring an additional 4,270 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in TotalEnergies were worth $5,999,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also modified their holdings of the company. Inlight Wealth Management LLC purchased a new position in shares of TotalEnergies during the 1st quarter valued at $32,000. Costello Asset Management INC purchased a new position in shares of TotalEnergies during the 1st quarter valued at $32,000. Trust Co. of Toledo NA OH purchased a new position in shares of TotalEnergies during the 2nd quarter valued at $34,000. SouthState Corp lifted its stake in shares of TotalEnergies by 126.1% during the 1st quarter. SouthState Corp now owns 572 shares of the company’s stock valued at $37,000 after buying an additional 319 shares in the last quarter. Finally, Arlington Trust Co LLC purchased a new position in shares of TotalEnergies during the 1st quarter valued at $39,000. Hedge funds and other institutional investors own 16.53% of the company’s stock.

TotalEnergies Stock Performance

TotalEnergies stock opened at $57.58 on Tuesday. The company’s 50-day moving average price is $61.29 and its 200-day moving average price is $60.40. TotalEnergies SE Sponsored ADR has a twelve month low of $52.78 and a twelve month high of $68.46. 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 market cap of $138.06 billion, a PE ratio of 10.45, a price-to-earnings-growth ratio of 1.35 and a beta of 0.53.

TotalEnergies (NYSE:TTE) last posted its earnings results on Thursday, July 24th. The company reported $1.57 earnings per share for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $42.44 billion. On average, equities research analysts forecast that TotalEnergies SE Sponsored ADR will post 8.02 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently weighed in on TTE. Berenberg Bank cut shares of TotalEnergies from a “buy” rating to a “hold” rating and set a $64.00 target price on the stock. in a research note on Thursday, September 25th. Weiss Ratings restated a “hold (c)” rating on shares of TotalEnergies in a research note on Wednesday, October 8th. Scotiabank lifted their price target on shares of TotalEnergies from $65.00 to $67.00 and gave the company a “sector perform” rating in a report on Thursday, October 9th. BNP Paribas Exane reiterated a “neutral” rating on shares of TotalEnergies in a report on Tuesday, September 23rd. Finally, Sanford C. Bernstein upgraded shares of TotalEnergies from a “market perform” rating to an “outperform” rating in a report on Monday, June 16th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $64.95.

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.