Verdence Capital Advisors LLC Acquires 196 Shares of TotalEnergies SE Sponsored ADR $TTE

Verdence Capital Advisors LLC raised its holdings in TotalEnergies SE Sponsored ADR (NYSE:TTE) by 0.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,017 shares of the company’s stock after purchasing an additional 196 shares during the quarter. Verdence Capital Advisors LLC’s holdings in TotalEnergies were worth $2,088,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of TTE. Farther Finance Advisors LLC grew its stake in TotalEnergies by 54.1% in the 1st quarter. Farther Finance Advisors LLC now owns 6,897 shares of the company’s stock valued at $445,000 after purchasing an additional 2,421 shares during the period. GAMMA Investing LLC grew its stake in TotalEnergies by 16.9% in the 1st quarter. GAMMA Investing LLC now owns 3,455 shares of the company’s stock valued at $224,000 after purchasing an additional 499 shares during the period. CX Institutional bought a new position in TotalEnergies in the 1st quarter valued at $74,000. Simon Quick Advisors LLC purchased a new position in shares of TotalEnergies during the 1st quarter valued at $219,000. Finally, Wealth Enhancement Advisory Services LLC lifted its position in shares of TotalEnergies by 34.5% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 71,856 shares of the company’s stock valued at $4,648,000 after buying an additional 18,446 shares during the last quarter. Institutional investors own 16.53% of the company’s stock.

TotalEnergies Stock Performance

Shares of TTE opened at $57.58 on Tuesday. The stock’s 50-day simple moving average is $61.29 and its 200 day simple moving average is $60.40. The stock has a market capitalization of $138.06 billion, a price-to-earnings ratio of 10.45, a price-to-earnings-growth ratio of 1.35 and a beta of 0.53. 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 $68.46.

TotalEnergies (NYSE:TTE) last issued 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 for the quarter, compared to the consensus estimate of $42.44 billion. Research analysts forecast that TotalEnergies SE Sponsored ADR will post 8.02 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently commented on TTE. Piper Sandler upped their price target on TotalEnergies from $66.00 to $68.00 and gave the company a “neutral” rating in a research report on Monday, August 18th. Sanford C. Bernstein raised TotalEnergies from a “market perform” rating to an “outperform” rating in a research report on Monday, June 16th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of TotalEnergies in a research report on Wednesday, October 8th. BNP Paribas Exane reaffirmed a “neutral” rating on shares of TotalEnergies in a research report on Tuesday, September 23rd. Finally, BNP Paribas cut TotalEnergies from an “outperform” rating to a “hold” rating in a research report on Tuesday, September 23rd. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, TotalEnergies presently has an average 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.