R Squared Ltd Makes New $292,000 Investment in TotalEnergies SE Sponsored ADR $TTE

R Squared Ltd acquired a new position in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 4,756 shares of the company's stock, valued at approximately $292,000.

A number of other institutional investors also recently modified their holdings of TTE. Costello Asset Management INC acquired a new position in TotalEnergies in the first quarter valued at about $32,000. Trust Co. of Toledo NA OH acquired a new position in shares of TotalEnergies in the second quarter valued at approximately $34,000. SouthState Corp increased its stake in shares of TotalEnergies by 126.1% in the first quarter. SouthState Corp now owns 572 shares of the company's stock valued at $37,000 after buying an additional 319 shares during the period. Arlington Trust Co LLC acquired a new position in shares of TotalEnergies in the first quarter valued at approximately $39,000. Finally, Brentview Investment Management LLC acquired a new position in shares of TotalEnergies in the first quarter valued at approximately $45,000. Institutional investors own 16.53% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on TTE shares. Berenberg Bank cut TotalEnergies from a "buy" rating to a "hold" rating and set a $64.00 target price on the stock. in a report on Thursday, September 25th. BNP Paribas Exane reiterated a "neutral" rating on shares of TotalEnergies in a report on Tuesday, September 23rd. BNP Paribas lowered TotalEnergies from an "outperform" rating to a "hold" rating in a research report on Tuesday, September 23rd. Piper Sandler restated a "neutral" rating and set a $69.00 price objective on shares of TotalEnergies in a research note on Monday, October 20th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of TotalEnergies in a research report on Friday. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat.com, TotalEnergies has a consensus rating of "Moderate Buy" and an average target price of $65.20.

TotalEnergies Stock Performance

NYSE:TTE opened at $62.17 on Friday. The business has a 50 day moving average of $61.28 and a 200 day moving average of $60.49. The company has a market capitalization of $149.05 billion, a price-to-earnings ratio of 11.28, a PEG ratio of 1.50 and a beta of 0.53. TotalEnergies SE Sponsored ADR has a 1-year low of $52.78 and a 1-year high of $65.76. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.00 and a quick ratio of 0.81.

TotalEnergies (NYSE:TTE - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The company reported $1.57 earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $42.44 billion. On average, sell-side analysts predict that TotalEnergies SE Sponsored ADR will post 8.02 earnings per share for the current fiscal 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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