LVW Advisors LLC Has $691,000 Position in TotalEnergies SE Sponsored ADR $TTE

Key Points

• LVW Advisors LLC reduced its position in TotalEnergies SE by 35.2% during Q2, now holding 11,248 shares valued at $691,000.
• After various analysts updated their ratings, TotalEnergies currently has an average rating of "Moderate Buy", with a consensus price target of $64.45.
• TotalEnergies reported $1.57 earnings per share for the most recent quarter, missing estimates of $1.62, despite exceeding revenue expectations with $44.68 billion.

LVW Advisors LLC decreased its position in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) by 35.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,248 shares of the company's stock after selling 6,114 shares during the quarter. LVW Advisors LLC's holdings in TotalEnergies were worth $691,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. Financial Management Professionals Inc. increased its stake in shares of TotalEnergies by 65.8% in the first quarter. Financial Management Professionals Inc. now owns 484 shares of the company's stock valued at $31,000 after buying an additional 192 shares during the period. Inlight Wealth Management LLC bought a new position in shares of TotalEnergies during the 1st quarter worth approximately $32,000. Costello Asset Management INC bought a new position in shares of TotalEnergies in the 1st quarter worth $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 worth $37,000 after purchasing an additional 319 shares in the last quarter. Finally, Arlington Trust Co LLC bought a new position in TotalEnergies during the 1st quarter valued at $39,000. Institutional investors and hedge funds own 16.53% of the company's stock.

Analyst Ratings Changes

TTE has been the subject of several analyst reports. BNP Paribas Exane restated a "neutral" rating on shares of TotalEnergies in a research note on Tuesday, September 23rd. Piper Sandler increased their target price on TotalEnergies from $66.00 to $68.00 and gave the company a "neutral" rating in a report on Monday, August 18th. Berenberg Bank cut TotalEnergies from a "buy" rating to a "hold" rating and set a $64.00 target price for the company. in a research report on Thursday. BNP Paribas lowered TotalEnergies from an "outperform" rating to a "hold" rating in a research note on Tuesday. Finally, Scotiabank set a $65.00 price target on TotalEnergies and gave the stock a "sector perform" rating in a research note on Friday, July 11th. Three investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $64.45.

TotalEnergies Stock Performance

NYSE TTE opened at $63.24 on Friday. The stock has a 50-day moving average of $61.57 and a 200 day moving average of $60.74. TotalEnergies SE Sponsored ADR has a twelve month low of $52.78 and a twelve month high of $69.79. The stock has a market capitalization of $151.63 billion, a price-to-earnings ratio of 11.48, a PEG ratio of 1.08 and a beta of 0.59. 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 (NYSE:TTE - Get Free Report) last posted 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 during the quarter, compared to analysts' expectations of $42.44 billion. TotalEnergies had a net margin of 6.20% and a return on equity of 13.59%. Sell-side analysts anticipate that TotalEnergies SE Sponsored ADR will post 8.02 EPS for the current fiscal year.

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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