TotalEnergies SE Sponsored ADR $TTE Shares Bought by Moran Wealth Management LLC

Moran Wealth Management LLC raised its stake in TotalEnergies SE Sponsored ADR (NYSE:TTE) by 3.4% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 97,754 shares of the company’s stock after purchasing an additional 3,182 shares during the quarter. Moran Wealth Management LLC’s holdings in TotalEnergies were worth $6,001,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Inlight Wealth Management LLC acquired a new position in shares of TotalEnergies in the 1st quarter valued at $32,000. Costello Asset Management INC acquired a new position in shares of TotalEnergies in the 1st quarter valued at $32,000. Trust Co. of Toledo NA OH acquired a new position in shares of TotalEnergies in the 2nd quarter valued at $34,000. SouthState Corp boosted its holdings 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 purchasing an additional 319 shares during the last quarter. Finally, Arlington Trust Co LLC acquired a new position in shares of TotalEnergies in the 1st quarter valued at $39,000. Institutional investors and hedge funds own 16.53% of the company’s stock.

Analyst Upgrades and Downgrades

TTE has been the topic of a number of research analyst reports. 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. Berenberg Bank downgraded 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 reissued a “hold (c)” rating on shares of TotalEnergies in a research note on Wednesday, October 8th. Royal Bank Of Canada reissued an “outperform” rating on shares of TotalEnergies in a research note on Tuesday, September 30th. Finally, BNP Paribas Exane reissued a “neutral” rating on shares of TotalEnergies in a research note on Tuesday, September 23rd. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $64.95.

TotalEnergies Stock Performance

TotalEnergies stock opened at $58.44 on Wednesday. TotalEnergies SE Sponsored ADR has a 12-month low of $52.78 and a 12-month high of $65.76. The company has a market capitalization of $140.13 billion, a price-to-earnings ratio of 10.61, a price-to-earnings-growth ratio of 1.36 and a beta of 0.53. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.00 and a quick ratio of 0.81. The firm’s fifty day moving average price is $61.25 and its 200 day moving average price is $60.38.

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 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 firm had revenue of $44.68 billion for the quarter, compared to analysts’ expectations of $42.44 billion. On average, research analysts forecast that TotalEnergies SE Sponsored ADR will post 8.02 EPS for the current fiscal year.

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.