Resonant Capital Advisors LLC Has $319,000 Stake in TotalEnergies SE Sponsored ADR $TTE

Resonant Capital Advisors LLC reduced its holdings in TotalEnergies SE Sponsored ADR (NYSE:TTE) by 17.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,115 shares of the company’s stock after selling 1,062 shares during the quarter. Resonant Capital Advisors LLC’s holdings in TotalEnergies were worth $319,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Goldman Sachs Group Inc. raised its position in TotalEnergies by 53.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,232,525 shares of the company’s stock valued at $209,112,000 after purchasing an additional 1,119,406 shares during the last quarter. Alyeska Investment Group L.P. raised its holdings in shares of TotalEnergies by 287.2% in the first quarter. Alyeska Investment Group L.P. now owns 1,247,765 shares of the company’s stock valued at $80,718,000 after buying an additional 925,541 shares during the last quarter. Federated Hermes Inc. lifted its position in TotalEnergies by 23.1% during the 1st quarter. Federated Hermes Inc. now owns 3,552,025 shares of the company’s stock worth $229,780,000 after buying an additional 665,620 shares in the last quarter. Natixis Advisors LLC grew its holdings in TotalEnergies by 17.3% during the 1st quarter. Natixis Advisors LLC now owns 2,160,096 shares of the company’s stock worth $139,737,000 after acquiring an additional 318,225 shares during the last quarter. Finally, GW Henssler & Associates Ltd. acquired a new stake in TotalEnergies in the 1st quarter valued at about $20,580,000. 16.53% of the stock is owned by institutional investors and hedge funds.

TotalEnergies Trading Up 0.6%

TTE opened at $62.45 on Tuesday. The firm’s fifty day moving average is $61.29 and its two-hundred day moving average is $60.56. The firm has a market cap of $149.74 billion, a PE ratio of 11.33, a price-to-earnings-growth ratio of 1.50 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 company has a debt-to-equity ratio of 0.40, a quick ratio of 0.81 and a current ratio of 1.00.

Wall Street Analyst Weigh In

TTE has been the topic of a number of research reports. Scotiabank upped their target price on shares of 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 price objective on the stock. in a report on Thursday, September 25th. Royal Bank Of Canada reissued an “outperform” rating on shares of TotalEnergies in a research note on Tuesday, September 30th. Weiss Ratings restated a “hold (c)” rating on shares of TotalEnergies in a research report on Wednesday, October 8th. Finally, Piper Sandler reiterated a “neutral” rating and issued a $69.00 price target on shares of TotalEnergies in a report on Monday, October 20th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $65.20.

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.