FSM Wealth Advisors LLC Sells 170 Shares of TotalEnergies SE Sponsored ADR $TTE

FSM Wealth Advisors LLC trimmed its position in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) by 2.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,035 shares of the company’s stock after selling 170 shares during the quarter. FSM Wealth Advisors LLC’s holdings in TotalEnergies were worth $365,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. GAMMA Investing LLC lifted its holdings in TotalEnergies by 16.9% during the first quarter. GAMMA Investing LLC now owns 3,455 shares of the company’s stock worth $224,000 after acquiring an additional 499 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of TotalEnergies by 34.5% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 71,856 shares of the company’s stock worth $4,648,000 after purchasing an additional 18,446 shares during the period. Oppenheimer & Co. Inc. lifted its holdings in shares of TotalEnergies by 11.2% during the 1st quarter. Oppenheimer & Co. Inc. now owns 5,515 shares of the company’s stock valued at $357,000 after purchasing an additional 557 shares in the last quarter. Global Assets Advisory LLC bought a new position in shares of TotalEnergies during the 1st quarter valued at about $649,000. Finally, Bessemer Group Inc. lifted its holdings in shares of TotalEnergies by 15.9% during the 1st quarter. Bessemer Group Inc. now owns 4,332 shares of the company’s stock valued at $280,000 after purchasing an additional 594 shares in the last quarter. Institutional investors own 16.53% of the company’s stock.

Analyst Ratings Changes

TTE has been the topic of several research analyst reports. Scotiabank raised their target price on shares of TotalEnergies from $65.00 to $67.00 and gave the stock a “sector perform” rating in a report on Thursday, October 9th. BNP Paribas lowered shares of TotalEnergies from an “outperform” rating to a “hold” rating in a report on Tuesday, September 23rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of TotalEnergies in a research report on Wednesday, October 8th. BNP Paribas Exane reiterated a “neutral” rating on shares of TotalEnergies in a report on Tuesday, September 23rd. Finally, Berenberg Bank downgraded TotalEnergies from a “buy” rating to a “hold” rating and set a $64.00 price target on the stock. in a research note on Thursday, September 25th. 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 company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $65.20.

TotalEnergies Stock Up 0.6%

TTE stock opened at $62.64 on Friday. The company has a market cap of $150.20 billion, a price-to-earnings ratio of 11.37, a P/E/G ratio of 1.54 and a beta of 0.53. TotalEnergies SE Sponsored ADR has a twelve month low of $52.78 and a twelve month high of $65.76. The business has a 50 day moving average price of $61.28 and a two-hundred day moving average price of $60.38. The company has a quick ratio of 0.81, a current ratio of 1.00 and a debt-to-equity ratio of 0.40.

TotalEnergies (NYSE:TTE) last announced its quarterly earnings data 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 return on equity of 13.59% and a net margin of 6.20%.The company had revenue of $44.68 billion for the quarter, compared to the consensus estimate of $42.44 billion. Analysts anticipate that TotalEnergies SE Sponsored ADR will post 8.02 EPS for the current fiscal year.

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.