Weatherly Asset Management L. P. Reduces Stock Position in TotalEnergies SE Sponsored ADR $TTE

Weatherly Asset Management L. P. cut its stake in TotalEnergies SE Sponsored ADR (NYSE:TTE) by 4.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 62,353 shares of the company’s stock after selling 2,587 shares during the period. Weatherly Asset Management L. P.’s holdings in TotalEnergies were worth $3,880,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in TTE. Mayflower Financial Advisors LLC increased its stake in 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 during the period. Dorsey & Whitney Trust CO LLC increased its position in TotalEnergies by 1.9% during the first quarter. Dorsey & Whitney Trust CO LLC now owns 9,814 shares of the company’s stock worth $635,000 after acquiring an additional 185 shares during the period. J2 Capital Management Inc increased its holdings in TotalEnergies by 3.3% in the 1st quarter. J2 Capital Management Inc now owns 5,954 shares of the company’s stock valued at $385,000 after buying an additional 191 shares during the period. Financial Management Professionals Inc. grew its holdings in shares of TotalEnergies by 65.8% during the 1st quarter. Financial Management Professionals Inc. now owns 484 shares of the company’s stock valued at $31,000 after purchasing an additional 192 shares during the last quarter. Finally, Ipswich Investment Management Co. Inc. boosted its position in TotalEnergies by 0.9% during the 1st quarter. Ipswich Investment Management Co. Inc. now owns 22,930 shares of the company’s stock worth $1,483,000 after buying an additional 200 shares during the period. Hedge funds and other institutional investors own 16.53% of the company’s stock.

TotalEnergies Trading Down 1.3%

Shares of NYSE TTE opened at $60.60 on Friday. TotalEnergies SE Sponsored ADR has a one year low of $52.78 and a one year high of $69.79. The business has a 50-day moving average price of $61.56 and a two-hundred day moving average price of $60.71. The firm has a market capitalization of $145.30 billion, a PE ratio of 11.00, a PEG ratio of 1.05 and a beta of 0.59. The company has a current ratio of 1.00, a quick ratio of 0.81 and a debt-to-equity ratio of 0.40.

TotalEnergies (NYSE:TTE) last released its quarterly earnings results on Thursday, July 24th. The company reported $1.57 EPS for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.05). The business had revenue of $44.68 billion for the quarter, compared to the consensus estimate of $42.44 billion. TotalEnergies had a return on equity of 13.59% and a net margin of 6.20%. As a group, analysts predict that TotalEnergies SE Sponsored ADR will post 8.02 earnings per share for the current fiscal year.

Analyst Ratings Changes

TTE has been the subject of several recent analyst reports. Sanford C. Bernstein upgraded shares of TotalEnergies from a “market perform” rating to an “outperform” rating in a research note on Monday, June 16th. Scotiabank set a $65.00 price target on TotalEnergies and gave the stock a “sector perform” rating in a research report on Friday, July 11th. Finally, Piper Sandler increased their price target on TotalEnergies from $66.00 to $68.00 and gave the company a “neutral” rating in a report on Monday, August 18th. Three research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, TotalEnergies currently has an average rating of “Moderate Buy” and an average target price of $66.95.

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.