Zions Bancorporation National Association UT Lowers Position in TotalEnergies SE Sponsored ADR $TTE

Zions Bancorporation National Association UT trimmed its position in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) by 0.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 183,871 shares of the company’s stock after selling 1,178 shares during the quarter. TotalEnergies accounts for approximately 0.6% of Zions Bancorporation National Association UT’s portfolio, making the stock its 23rd largest holding. Zions Bancorporation National Association UT’s holdings in TotalEnergies were worth $11,288,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Clear Creek Financial Management LLC boosted its holdings in TotalEnergies by 2.8% during the second quarter. Clear Creek Financial Management LLC now owns 6,184 shares of the company’s stock worth $380,000 after purchasing an additional 169 shares during the last quarter. UMB Bank n.a. lifted its position in shares of TotalEnergies by 4.3% during the 2nd quarter. UMB Bank n.a. now owns 4,107 shares of the company’s stock worth $252,000 after buying an additional 171 shares in the last quarter. Signature Estate & Investment Advisors LLC lifted its position in shares of TotalEnergies by 2.2% during the 2nd quarter. Signature Estate & Investment Advisors LLC now owns 8,020 shares of the company’s stock worth $492,000 after buying an additional 173 shares in the last quarter. Cyndeo Wealth Partners LLC boosted its stake in shares of TotalEnergies by 0.5% in the 2nd quarter. Cyndeo Wealth Partners LLC now owns 35,125 shares of the company’s stock worth $2,156,000 after buying an additional 174 shares during the last quarter. Finally, Mayflower Financial Advisors LLC grew 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 acquiring an additional 176 shares in the last quarter. Hedge funds and other institutional investors own 16.53% of the company’s stock.

TotalEnergies Stock Up 1.8%

TTE opened at $62.24 on Friday. TotalEnergies SE Sponsored ADR has a 12 month low of $52.78 and a 12 month high of $65.76. The company has a market cap of $149.22 billion, a PE ratio of 11.29, a price-to-earnings-growth ratio of 1.50 and a beta of 0.50. The company has a current ratio of 1.00, a quick ratio of 0.81 and a debt-to-equity ratio of 0.40. The company has a 50 day moving average of $61.11 and a 200 day moving average of $60.83.

TotalEnergies (NYSE:TTE) last posted its earnings results on Thursday, October 30th. The company reported $1.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.81 by ($0.04). TotalEnergies had a return on equity of 13.59% and a net margin of 6.20%.The company had revenue of $43.84 billion for the quarter, compared to analysts’ expectations of $43.66 billion. On average, sell-side analysts expect that TotalEnergies SE Sponsored ADR will post 8.02 EPS for the current year.

Analyst Ratings Changes

Several research analysts have weighed in on TTE shares. Weiss Ratings reissued a “hold (c)” rating on shares of TotalEnergies in a research report on Wednesday, October 8th. Royal Bank Of Canada restated an “outperform” rating on shares of TotalEnergies in a research report on Tuesday, September 30th. Loop Capital set a $73.00 price objective on shares of TotalEnergies in a report on Monday, November 3rd. Piper Sandler reiterated a “neutral” rating and issued a $69.00 target price on shares of TotalEnergies in a research note on Monday, October 20th. Finally, BNP Paribas downgraded shares of TotalEnergies from an “outperform” rating to a “hold” rating in a research report on Tuesday, September 23rd. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $66.76.

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.