Aberdeen Group plc Boosts Holdings in TotalEnergies SE Sponsored ADR $TTE

Key Points

• Aberdeen Group plc increased its holdings in TotalEnergies SE by 3.0% during the 2nd quarter, owning 347,500 shares valued at approximately $21.33 million by the end of the quarter.
• Analysts are mixed on TotalEnergies, with a consensus rating of "Moderate Buy" and a price target of $64.95, reflecting differing perspectives on the company's potential growth.
• TotalEnergies reported $1.57 EPS in its last quarter earnings, falling short of analysts' expectations of $1.62 EPS, but generating revenue of $44.68 billion, surpassing forecasts.

Aberdeen Group plc grew its holdings in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) by 3.0% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 347,500 shares of the company's stock after acquiring an additional 10,100 shares during the quarter. Aberdeen Group plc's holdings in TotalEnergies were worth $21,333,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in TTE. Farther Finance Advisors LLC raised its stake in shares of TotalEnergies by 54.1% during the first quarter. Farther Finance Advisors LLC now owns 6,897 shares of the company's stock worth $445,000 after acquiring an additional 2,421 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of TotalEnergies by 16.9% during the first quarter. GAMMA Investing LLC now owns 3,455 shares of the company's stock worth $224,000 after acquiring an additional 499 shares in the last quarter. CX Institutional purchased a new position in shares of TotalEnergies during the first quarter worth approximately $74,000. Simon Quick Advisors LLC purchased a new position in shares of TotalEnergies during the first quarter worth approximately $219,000. Finally, Wealth Enhancement Advisory Services LLC raised its stake in shares of TotalEnergies by 34.5% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 71,856 shares of the company's stock worth $4,648,000 after acquiring an additional 18,446 shares in the last quarter. 16.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on TTE shares. Piper Sandler boosted their price objective on TotalEnergies from $66.00 to $68.00 and gave the company a "neutral" rating in a research report on Monday, August 18th. BNP Paribas downgraded TotalEnergies from an "outperform" rating to a "hold" rating in a research report on Tuesday, September 23rd. Berenberg Bank downgraded TotalEnergies from a "buy" rating to a "hold" rating and set a $64.00 price objective for the company. in a research report on Thursday, September 25th. BNP Paribas Exane reiterated a "neutral" rating on shares of TotalEnergies in a research report on Tuesday, September 23rd. Finally, Royal Bank Of Canada reiterated an "outperform" rating on shares of TotalEnergies in a research report on Tuesday, September 30th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, TotalEnergies has an average rating of "Moderate Buy" and a consensus price target of $64.95.

TotalEnergies Price Performance

TTE opened at $57.58 on Tuesday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.81 and a current ratio of 1.00. TotalEnergies SE Sponsored ADR has a 52-week low of $52.78 and a 52-week high of $68.46. The stock has a market capitalization of $138.06 billion, a PE ratio of 10.45, a price-to-earnings-growth ratio of 1.35 and a beta of 0.53. The stock's 50 day moving average price is $61.29 and its 200-day moving average price is $60.40.

TotalEnergies (NYSE:TTE - Get Free Report) last posted its earnings results on Thursday, July 24th. The company reported $1.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.62 by ($0.05). TotalEnergies had a net margin of 6.20% and a return on equity of 13.59%. The business had revenue of $44.68 billion for the quarter, compared to analysts' expectations of $42.44 billion. On average, equities research analysts predict that TotalEnergies SE Sponsored ADR will post 8.02 EPS for the current year.

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.

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