Savant Capital LLC Raises Stock Position in TotalEnergies SE Sponsored ADR $TTE

Savant Capital LLC boosted its stake in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) by 60.8% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 22,637 shares of the company’s stock after acquiring an additional 8,556 shares during the period. Savant Capital LLC’s holdings in TotalEnergies were worth $1,390,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. NewSquare Capital LLC raised its position in shares of TotalEnergies by 141.5% during the 2nd quarter. NewSquare Capital LLC now owns 495 shares of the company’s stock worth $30,000 after purchasing an additional 290 shares during the last quarter. Costello Asset Management INC purchased a new stake in TotalEnergies during the 1st quarter worth approximately $32,000. Trust Co. of Toledo NA OH acquired a new position in shares of TotalEnergies during the second quarter valued at approximately $34,000. SouthState Corp lifted its position in shares of TotalEnergies by 126.1% in the first quarter. SouthState Corp now owns 572 shares of the company’s stock valued at $37,000 after acquiring an additional 319 shares in the last quarter. Finally, Brentview Investment Management LLC acquired a new stake in shares of TotalEnergies in the first quarter worth approximately $45,000. Institutional investors and hedge funds own 16.53% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. BNP Paribas lowered TotalEnergies from an “outperform” rating to a “hold” rating in a report on Tuesday, September 23rd. BNP Paribas Exane reissued a “neutral” rating on shares of TotalEnergies in a research note on Tuesday, September 23rd. Loop Capital set a $73.00 price target on shares of TotalEnergies in a research report on Monday, November 3rd. Piper Sandler increased their price objective on shares of TotalEnergies from $69.00 to $70.00 and gave the company a “neutral” rating in a report on Monday. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of TotalEnergies in a report on Tuesday, September 30th. 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 company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $66.96.

TotalEnergies Stock Performance

NYSE:TTE opened at $63.89 on Thursday. The company’s 50-day moving average is $61.19 and its two-hundred day moving average is $60.92. The firm has a market capitalization of $153.20 billion, a price-to-earnings 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 current ratio of 1.00 and a quick ratio of 0.81. TotalEnergies SE Sponsored ADR has a 1-year low of $52.78 and a 1-year high of $65.76.

TotalEnergies (NYSE:TTE) last released its quarterly earnings data on Thursday, October 30th. The company reported $1.77 EPS for the quarter, missing analysts’ consensus estimates of $1.81 by ($0.04). The business had revenue of $43.84 billion during the quarter, compared to analyst estimates of $43.66 billion. TotalEnergies had a net margin of 6.20% and a return on equity of 13.59%. Analysts forecast that TotalEnergies SE Sponsored ADR will post 8.02 EPS for the current 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.