D.A. Davidson & CO. Reduces Position in TotalEnergies SE Sponsored ADR $TTE

Key Points

• D.A. Davidson & CO. has reduced its stake in TotalEnergies SE by 5.6%, now holding 80,327 shares worth approximately $4.93 million.
• TotalEnergies reported earnings per share of $1.57 for the last quarter, missing analysts' expectations, despite achieving a revenue of $44.68 billion.
• Recent analyst reports have given TotalEnergies a consensus rating of "Moderate Buy" with an average price target of $65.20.

D.A. Davidson & CO. decreased its stake in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) by 5.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 80,327 shares of the company's stock after selling 4,767 shares during the quarter. D.A. Davidson & CO.'s holdings in TotalEnergies were worth $4,931,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Costello Asset Management INC bought a new stake in TotalEnergies during the 1st quarter valued at about $32,000. Trust Co. of Toledo NA OH bought a new stake in TotalEnergies during the 2nd quarter valued at about $34,000. SouthState Corp lifted its holdings in TotalEnergies by 126.1% during the 1st quarter. SouthState Corp now owns 572 shares of the company's stock valued at $37,000 after buying an additional 319 shares in the last quarter. Arlington Trust Co LLC bought a new stake in TotalEnergies during the 1st quarter valued at about $39,000. Finally, Brentview Investment Management LLC bought a new stake in TotalEnergies during the 1st quarter valued at about $45,000. Institutional investors own 16.53% of the company's stock.

TotalEnergies Trading Down 0.7%

Shares of NYSE TTE opened at $62.17 on Friday. TotalEnergies SE Sponsored ADR has a one year low of $52.78 and a one year high of $65.76. The firm has a market capitalization of $149.05 billion, a PE ratio of 11.28, a PEG ratio of 1.51 and a beta of 0.53. The company has a current ratio of 1.00, a quick ratio of 0.81 and a debt-to-equity ratio of 0.40. The business has a 50-day moving average price of $61.28 and a two-hundred day moving average price of $60.44.

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

Analysts Set New Price Targets

TTE has been the subject of a number of research analyst reports. BNP Paribas Exane reiterated a "neutral" rating on shares of TotalEnergies in a report on Tuesday, September 23rd. Scotiabank boosted their price target on shares of TotalEnergies from $65.00 to $67.00 and gave the company a "sector perform" rating in a report on Thursday, October 9th. Piper Sandler restated a "neutral" rating and issued a $69.00 price target on shares of TotalEnergies in a report on Monday. Berenberg Bank lowered shares of TotalEnergies from a "buy" rating to a "hold" rating and set a $64.00 price target for the company. in a report on Thursday, September 25th. Finally, BNP Paribas lowered shares of TotalEnergies from an "outperform" rating to a "hold" rating in a report on Tuesday, September 23rd. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $65.20.

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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