Ameritas Advisory Services LLC Sells 5,321 Shares of TotalEnergies SE Sponsored ADR $TTE

Key Points

• Ameritas Advisory Services LLC has reduced its stake in TotalEnergies SE Sponsored ADR by 65.7%, selling 5,321 shares to bring its holdings down to 2,772 shares, valued at approximately $170,000.
• Recent analyst ratings for TotalEnergies include a downgrade by BNP Paribas Exane from "outperform" to "hold," with a consensus target price set at $64.45.
• TotalEnergies reported earnings of $1.57 per share last quarter, which was below analysts' expectations of $1.62, while its revenue was $44.68 billion, exceeding estimates of $42.44 billion.

Ameritas Advisory Services LLC reduced its stake in TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) by 65.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,772 shares of the company's stock after selling 5,321 shares during the period. Ameritas Advisory Services LLC's holdings in TotalEnergies were worth $170,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Inlight Wealth Management LLC bought a new stake in TotalEnergies in the 1st quarter valued at $32,000. Costello Asset Management INC bought a new stake in TotalEnergies in the 1st quarter valued at $32,000. SouthState Corp increased its holdings in TotalEnergies by 126.1% in the 1st quarter. SouthState Corp now owns 572 shares of the company's stock valued at $37,000 after acquiring an additional 319 shares during the last quarter. Arlington Trust Co LLC bought a new stake in shares of TotalEnergies in the 1st quarter worth about $39,000. Finally, Brentview Investment Management LLC bought a new stake in shares of TotalEnergies in the 1st quarter worth about $45,000. 16.53% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on TTE shares. BNP Paribas Exane restated a "neutral" rating on shares of TotalEnergies in a report on Tuesday, September 23rd. BNP Paribas cut shares of TotalEnergies from an "outperform" rating to a "hold" rating in a research report on Tuesday, September 23rd. Berenberg Bank cut shares of TotalEnergies from a "buy" rating to a "hold" rating and set a $64.00 price target for the company. in a research report on Thursday, September 25th. Sanford C. Bernstein raised shares of TotalEnergies from a "market perform" rating to an "outperform" rating in a research report on Monday, June 16th. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating on shares of TotalEnergies in a research report on Tuesday, September 30th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, TotalEnergies currently has a consensus rating of "Moderate Buy" and a consensus target price of $64.45.

TotalEnergies Trading Down 0.4%

Shares of TotalEnergies stock opened at $59.13 on Thursday. 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 SE Sponsored ADR has a 12-month low of $52.78 and a 12-month high of $68.58. The firm has a market capitalization of $141.77 billion, a price-to-earnings ratio of 10.73, a PEG ratio of 1.40 and a beta of 0.53. The firm's 50 day simple moving average is $61.38 and its two-hundred day simple moving average is $60.58.

TotalEnergies (NYSE:TTE - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The company reported $1.57 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.62 by ($0.05). TotalEnergies had a net margin of 6.20% and a return on equity of 13.59%. The company had revenue of $44.68 billion for the quarter, compared to analyst estimates of $42.44 billion. 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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