Global Assets Advisory LLC Lowers Holdings in TotalEnergies SE Sponsored ADR $TTE

Key Points

• Global Assets Advisory LLC has reduced its holdings in TotalEnergies SE by 49.8%, now owning 5,031 shares valued at $309,000.
• Various institutional investors have altered their positions in TotalEnergies, with Merit Financial Group increasing its stake by 58.6% in the first quarter.
• TotalEnergies reported earnings per share of $1.57 for the last quarter, missing estimates, despite revenue surpassing expectations at $44.68 billion.

Global Assets Advisory LLC decreased its position in TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) by 49.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,031 shares of the company's stock after selling 5,000 shares during the quarter. Global Assets Advisory LLC's holdings in TotalEnergies were worth $309,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TTE. Merit Financial Group LLC lifted its position in shares of TotalEnergies by 58.6% during the 1st quarter. Merit Financial Group LLC now owns 11,975 shares of the company's stock worth $775,000 after purchasing an additional 4,423 shares during the last quarter. Sivia Capital Partners LLC purchased a new stake in TotalEnergies during the 1st quarter worth about $282,000. UMB Bank n.a. increased its holdings in shares of TotalEnergies by 5.4% in the 1st quarter. UMB Bank n.a. now owns 3,936 shares of the company's stock valued at $255,000 after acquiring an additional 201 shares during the last quarter. Patriot Financial Group Insurance Agency LLC acquired a new stake in shares of TotalEnergies during the 1st quarter worth about $201,000. Finally, Park Avenue Securities LLC lifted its stake in TotalEnergies by 6.6% during the first quarter. Park Avenue Securities LLC now owns 35,415 shares of the company's stock worth $2,291,000 after purchasing an additional 2,185 shares during the last quarter. Institutional investors and hedge funds own 16.53% of the company's stock.

TotalEnergies Trading Up 0.2%

NYSE TTE opened at $59.83 on Tuesday. The firm's fifty day moving average is $61.43 and its two-hundred day moving average is $60.60. TotalEnergies SE Sponsored ADR has a one year low of $52.78 and a one year high of $69.79. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.81 and a current ratio of 1.00. The firm has a market cap of $143.45 billion, a PE ratio of 10.86, a P/E/G ratio of 1.40 and a beta of 0.53.

TotalEnergies (NYSE:TTE - Get Free Report) last released 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). The company had revenue of $44.68 billion for the quarter, compared to analysts' expectations of $42.44 billion. TotalEnergies had a return on equity of 13.59% and a net margin of 6.20%. Analysts expect that TotalEnergies SE Sponsored ADR will post 8.02 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have commented on TTE shares. BNP Paribas lowered shares of TotalEnergies from an "outperform" rating to a "hold" rating in a research note on Tuesday, September 23rd. Sanford C. Bernstein upgraded shares of TotalEnergies from a "market perform" rating to an "outperform" rating in a research note on Monday, June 16th. 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. Scotiabank set a $65.00 price objective on TotalEnergies and gave the stock a "sector perform" rating in a report on Friday, July 11th. Finally, Piper Sandler lifted their target price on TotalEnergies from $66.00 to $68.00 and gave the stock a "neutral" rating in a research report on Monday, August 18th. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat.com, TotalEnergies presently has an average rating of "Moderate Buy" and a consensus price target of $64.45.

TotalEnergies Company Profile

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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