Farther Finance Advisors LLC grew its holdings in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) by 96.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,567 shares of the company's stock after buying an additional 6,670 shares during the period. Farther Finance Advisors LLC's holdings in TotalEnergies were worth $833,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also made changes to their positions in the company. Financial Management Professionals Inc. lifted its holdings in shares of TotalEnergies by 65.8% in 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. Inlight Wealth Management LLC purchased a new stake in shares of TotalEnergies in the 1st quarter valued at about $32,000. Costello Asset Management INC purchased a new stake in shares of TotalEnergies in the 1st quarter valued at about $32,000. SouthState Corp lifted its holdings in shares of TotalEnergies by 126.1% in the 1st quarter. SouthState Corp now owns 572 shares of the company's stock valued at $37,000 after purchasing an additional 319 shares during the last quarter. Finally, Arlington Trust Co LLC purchased a new stake in shares of TotalEnergies in the 1st quarter valued at about $39,000. 16.53% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
TTE has been the subject of several research reports. Berenberg Bank downgraded TotalEnergies from a "buy" rating to a "hold" rating and set a $64.00 target price for the company. in a report on Thursday. Scotiabank set a $65.00 price objective on TotalEnergies and gave the company a "sector perform" rating in a research note on Friday, July 11th. BNP Paribas Exane reaffirmed a "neutral" rating on shares of TotalEnergies in a research note on Tuesday. BNP Paribas downgraded TotalEnergies from an "outperform" rating to a "hold" rating in a research note on Tuesday. Finally, Piper Sandler upped their price objective on TotalEnergies from $66.00 to $68.00 and gave the company a "neutral" rating in a research note on Monday, August 18th. Three analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and seven have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, TotalEnergies has an average rating of "Moderate Buy" and a consensus price target of $66.36.
View Our Latest Analysis on TotalEnergies
TotalEnergies Price Performance
Shares of NYSE:TTE opened at $62.36 on Friday. TotalEnergies SE Sponsored ADR has a one year low of $52.78 and a one year high of $69.79. The stock has a market cap of $149.51 billion, a PE ratio of 11.32, a price-to-earnings-growth ratio of 1.08 and a beta of 0.59. The business's fifty day moving average price is $61.54 and its two-hundred day moving average price is $60.73. 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 (NYSE:TTE - Get Free Report) last issued 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 business had revenue of $44.68 billion for the quarter, compared to analysts' expectations of $42.44 billion. On average, analysts forecast that TotalEnergies SE Sponsored ADR will post 8.02 EPS for the current fiscal year.
TotalEnergies Company Profile
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Free Report)
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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