Garland Capital Management Inc. Decreases Stake in TotalEnergies SE Sponsored ADR $TTE

Garland Capital Management Inc. trimmed its position in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) by 69.2% during the second quarter, Holdings Channel reports. The firm owned 13,942 shares of the company’s stock after selling 31,295 shares during the quarter. TotalEnergies comprises approximately 2.7% of Garland Capital Management Inc.’s holdings, making the stock its 23rd biggest position. Garland Capital Management Inc.’s holdings in TotalEnergies were worth $856,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Costello Asset Management INC purchased a new stake in TotalEnergies during the first quarter worth $32,000. Trust Co. of Toledo NA OH purchased a new stake in TotalEnergies during the second quarter worth $34,000. SouthState Corp boosted its position in TotalEnergies by 126.1% during the first quarter. SouthState Corp now owns 572 shares of the company’s stock worth $37,000 after purchasing an additional 319 shares in the last quarter. Arlington Trust Co LLC purchased a new stake in TotalEnergies during the first quarter worth $39,000. Finally, Brentview Investment Management LLC purchased a new stake in TotalEnergies during the first quarter worth $45,000. 16.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have commented on TTE shares. Scotiabank boosted 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. Berenberg Bank downgraded TotalEnergies from a “buy” rating to a “hold” rating and set a $64.00 target price on the stock. in a research report on Thursday, September 25th. Piper Sandler reissued a “neutral” rating and issued a $69.00 price target on shares of TotalEnergies in a report on Monday, October 20th. Royal Bank Of Canada reissued an “outperform” rating on shares of TotalEnergies in a report on Tuesday, September 30th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of TotalEnergies in a report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, TotalEnergies presently has an average rating of “Moderate Buy” and a consensus price target of $65.20.

TotalEnergies Stock Performance

NYSE TTE opened at $62.17 on Monday. TotalEnergies SE Sponsored ADR has a fifty-two week low of $52.78 and a fifty-two week high of $65.76. The stock has a market cap of $149.05 billion, a price-to-earnings ratio of 11.28, a price-to-earnings-growth ratio of 1.50 and a beta of 0.53. The business has a fifty day moving average of $61.28 and a 200-day moving average of $60.52. 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 released its earnings results on Thursday, July 24th. The company reported $1.57 EPS for the quarter, missing the consensus estimate of $1.62 by ($0.05). The business had revenue of $44.68 billion during the quarter, compared to analyst estimates of $42.44 billion. TotalEnergies had a net margin of 6.20% and a return on equity of 13.59%. As a group, analysts predict that TotalEnergies SE Sponsored ADR will post 8.02 earnings per share 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.