TD Asset Management Inc Buys 1,169 Shares of TotalEnergies SE Sponsored ADR $TTE

TD Asset Management Inc lifted its holdings in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) by 0.6% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 208,280 shares of the company’s stock after acquiring an additional 1,169 shares during the quarter. TD Asset Management Inc’s holdings in TotalEnergies were worth $12,786,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

TotalEnergies Stock Up 1.9%

TTE stock opened at $61.56 on Friday. TotalEnergies SE Sponsored ADR has a twelve month low of $52.78 and a twelve month high of $65.76. 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 stock has a market cap of $147.60 billion, a P/E ratio of 11.17, a PEG ratio of 1.43 and a beta of 0.53. The business’s 50-day moving average price is $61.25 and its 200-day moving average price is $60.30.

TotalEnergies (NYSE:TTE) last posted its quarterly earnings data 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 net margin of 6.20% and a return on equity of 13.59%. The company had revenue of $44.68 billion for the quarter, compared to analysts’ expectations of $42.44 billion. On average, equities research analysts forecast that TotalEnergies SE Sponsored ADR will post 8.02 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on TTE shares. Berenberg Bank cut TotalEnergies from a “buy” rating to a “hold” rating and set a $64.00 price objective on the stock. in a research report on Thursday, September 25th. Royal Bank Of Canada reissued an “outperform” rating on shares of TotalEnergies in a research report on Tuesday, September 30th. BNP Paribas Exane reissued a “neutral” rating on shares of TotalEnergies in a research report on Tuesday, September 23rd. Piper Sandler raised their target price on TotalEnergies from $66.00 to $68.00 and gave the stock a “neutral” rating in a research report on Monday, August 18th. Finally, Scotiabank raised their target price on TotalEnergies from $65.00 to $67.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 9th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average 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.