Midwest Trust Co Buys New Shares in TotalEnergies SE Sponsored ADR $TTE

Midwest Trust Co acquired a new position in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 5,937 shares of the company’s stock, valued at approximately $364,000.

Other institutional investors have also made changes to their positions in the company. New York State Common Retirement Fund acquired a new position in shares of TotalEnergies in the 1st quarter valued at about $1,438,000. Stephens Inc. AR boosted its stake in shares of TotalEnergies by 22.2% during the 1st quarter. Stephens Inc. AR now owns 33,183 shares of the company’s stock worth $2,147,000 after acquiring an additional 6,020 shares in the last quarter. Sigma Planning Corp grew its holdings in TotalEnergies by 15.8% during the first quarter. Sigma Planning Corp now owns 6,413 shares of the company’s stock valued at $416,000 after purchasing an additional 877 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in TotalEnergies by 24.2% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 171,731 shares of the company’s stock worth $11,109,000 after acquiring an additional 33,496 shares during the period. Finally, Bridgewater Advisors Inc. bought a new position in shares of TotalEnergies in the first quarter worth about $241,000. 16.53% of the stock is owned by hedge funds and other institutional investors.

TotalEnergies Stock Performance

TTE opened at $63.89 on Thursday. TotalEnergies SE Sponsored ADR has a 52-week low of $52.78 and a 52-week high of $65.76. The firm has a market capitalization of $153.20 billion, a PE ratio of 11.60, a PEG ratio of 1.50 and a beta of 0.50. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.81 and a current ratio of 1.00. The business’s 50-day simple moving average is $61.19 and its 200 day simple moving average is $60.92.

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

Analysts Set New Price Targets

Several equities analysts recently commented on TTE shares. Dbs Bank cut shares of TotalEnergies from a “moderate buy” rating to a “hold” rating in a research note on Thursday, November 6th. BNP Paribas Exane reissued a “neutral” rating on shares of TotalEnergies in a report on Tuesday, September 23rd. Berenberg Bank lowered 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. Loop Capital set a $73.00 price objective on TotalEnergies in a research note on Monday, November 3rd. Finally, BNP Paribas downgraded shares of TotalEnergies from an “outperform” rating to a “hold” rating in a research note on Tuesday, September 23rd. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, TotalEnergies has an average rating of “Moderate Buy” and an average target price of $66.96.

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.