Sagespring Wealth Partners LLC Acquires 1,025 Shares of TotalEnergies SE Sponsored ADR $TTE

Sagespring Wealth Partners LLC lifted its holdings in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) by 7.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,740 shares of the company’s stock after acquiring an additional 1,025 shares during the period. Sagespring Wealth Partners LLC’s holdings in TotalEnergies were worth $905,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. HighTower Advisors LLC increased its holdings in TotalEnergies by 2.5% during the 1st quarter. HighTower Advisors LLC now owns 768,826 shares of the company’s stock worth $49,735,000 after purchasing an additional 19,043 shares in the last quarter. Sowell Financial Services LLC bought a new stake in TotalEnergies during the 1st quarter worth approximately $280,000. Leo Wealth LLC increased its holdings in TotalEnergies by 106.7% during the 1st quarter. Leo Wealth LLC now owns 20,931 shares of the company’s stock worth $1,354,000 after purchasing an additional 10,805 shares in the last quarter. Banco Santander S.A. grew its holdings in TotalEnergies by 26.1% during the first quarter. Banco Santander S.A. now owns 66,888 shares of the company’s stock worth $4,327,000 after buying an additional 13,850 shares in the last quarter. Finally, U S Global Investors Inc. grew its holdings in TotalEnergies by 275.0% during the second quarter. U S Global Investors Inc. now owns 15,000 shares of the company’s stock worth $921,000 after buying an additional 11,000 shares in the last quarter. 16.53% of the stock is owned by institutional investors.

TotalEnergies Price Performance

Shares of NYSE TTE opened at $60.45 on Thursday. The stock has a fifty day simple moving average of $61.26 and a two-hundred day simple moving average of $60.38. TotalEnergies SE Sponsored ADR has a 1-year low of $52.78 and a 1-year high of $65.76. The firm has a market cap of $144.93 billion, a price-to-earnings ratio of 10.97, a price-to-earnings-growth ratio of 1.37 and a beta of 0.53. The company has a current ratio of 1.00, a quick ratio of 0.81 and a debt-to-equity ratio of 0.40.

TotalEnergies (NYSE:TTE) last posted its quarterly earnings results on Thursday, July 24th. The company reported $1.57 earnings per share for the quarter, missing the consensus estimate of $1.62 by ($0.05). The firm had revenue of $44.68 billion for the quarter, compared to the consensus estimate of $42.44 billion. TotalEnergies had a return on equity of 13.59% and a net margin of 6.20%. Analysts anticipate that TotalEnergies SE Sponsored ADR will post 8.02 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Royal Bank Of Canada reiterated an “outperform” rating on shares of TotalEnergies in a report on Tuesday, September 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of TotalEnergies in a research note on Wednesday, October 8th. Berenberg Bank downgraded shares of 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. BNP Paribas downgraded shares of TotalEnergies from an “outperform” rating to a “hold” rating in a research report on Tuesday, September 23rd. Finally, Piper Sandler upped their price objective 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. One research 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 stock. According to MarketBeat, the stock 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.