Harbour Investments Inc. Reduces Position in TotalEnergies SE Sponsored ADR $TTE

Harbour Investments Inc. lessened its holdings in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) by 14.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,158 shares of the company’s stock after selling 197 shares during the period. Harbour Investments Inc.’s holdings in TotalEnergies were worth $71,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Clear Creek Financial Management LLC boosted its position in shares of TotalEnergies by 2.8% during the second quarter. Clear Creek Financial Management LLC now owns 6,184 shares of the company’s stock valued at $380,000 after buying an additional 169 shares during the period. UMB Bank n.a. boosted its holdings in shares of TotalEnergies by 4.3% in the second quarter. UMB Bank n.a. now owns 4,107 shares of the company’s stock valued at $252,000 after purchasing an additional 171 shares during the period. Cyndeo Wealth Partners LLC boosted its holdings in shares of TotalEnergies by 0.5% in the second quarter. Cyndeo Wealth Partners LLC now owns 35,125 shares of the company’s stock valued at $2,156,000 after purchasing an additional 174 shares during the period. Mayflower Financial Advisors LLC boosted its holdings in shares of TotalEnergies by 1.2% in the first quarter. Mayflower Financial Advisors LLC now owns 14,646 shares of the company’s stock valued at $947,000 after purchasing an additional 176 shares during the period. Finally, Dorsey & Whitney Trust CO LLC boosted its holdings in shares of TotalEnergies by 1.9% in the first quarter. Dorsey & Whitney Trust CO LLC now owns 9,814 shares of the company’s stock valued at $635,000 after purchasing an additional 185 shares during the period. Hedge funds and other institutional investors own 16.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on TTE shares. BNP Paribas Exane reiterated a “neutral” rating on shares of TotalEnergies in a report on Tuesday, September 23rd. Royal Bank Of Canada reiterated an “outperform” rating on shares of TotalEnergies in a report on Tuesday, September 30th. Scotiabank boosted their price target on TotalEnergies from $65.00 to $67.00 and gave the company a “sector perform” rating in a report on Thursday, October 9th. BNP Paribas lowered TotalEnergies from an “outperform” rating to a “hold” rating in a report on Tuesday, September 23rd. Finally, Berenberg Bank lowered TotalEnergies from a “buy” rating to a “hold” rating and set a $64.00 price target for the company. in a report on Thursday, September 25th. One 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, the stock currently has an average rating of “Moderate Buy” and an average target price of $65.20.

TotalEnergies Stock Performance

Shares of NYSE:TTE opened at $62.64 on Friday. The company has a market capitalization of $150.20 billion, a price-to-earnings ratio of 11.37, a price-to-earnings-growth ratio of 1.54 and a beta of 0.53. TotalEnergies SE Sponsored ADR has a 52 week low of $52.78 and a 52 week 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 firm has a 50 day moving average of $61.28 and a 200 day moving average of $60.38.

TotalEnergies (NYSE:TTE) last issued its quarterly earnings data on Thursday, July 24th. The company reported $1.57 EPS for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.05). The business had revenue of $44.68 billion during 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%. On average, sell-side analysts predict that TotalEnergies SE Sponsored ADR will post 8.02 earnings per share for the current fiscal year.

TotalEnergies 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.