Robertson Stephens Wealth Management LLC Sells 5,247 Shares of TotalEnergies SE Sponsored ADR $TTE

Key Points

• Robertson Stephens Wealth Management LLC decreased its holdings in TotalEnergies SE by 38.6%, selling 5,247 shares and bringing its total to 8,348 shares valued at approximately $521,000.
• Several hedge funds have increased their stakes in TotalEnergies, with Farther Finance Advisors LLC raising its holdings by 54.1% in the first quarter.
• Analysts have mixed ratings on TotalEnergies, with one giving it a "Strong Buy" rating, while the stock's average rating is "Moderate Buy" with a target price of $64.95.

Robertson Stephens Wealth Management LLC trimmed its position in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) by 38.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,348 shares of the company's stock after selling 5,247 shares during the period. Robertson Stephens Wealth Management LLC's holdings in TotalEnergies were worth $521,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of TTE. Farther Finance Advisors LLC raised its holdings in shares of TotalEnergies by 54.1% in the 1st quarter. Farther Finance Advisors LLC now owns 6,897 shares of the company's stock worth $445,000 after buying an additional 2,421 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of TotalEnergies by 16.9% in the 1st quarter. GAMMA Investing LLC now owns 3,455 shares of the company's stock worth $224,000 after buying an additional 499 shares in the last quarter. Simplicity Wealth LLC acquired a new position in shares of TotalEnergies in the 1st quarter worth approximately $200,000. CX Institutional acquired a new position in shares of TotalEnergies in the 1st quarter worth approximately $74,000. Finally, Simon Quick Advisors LLC acquired a new position in shares of TotalEnergies in the 1st quarter worth approximately $219,000. 16.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TTE has been the subject of a number of recent research reports. Sanford C. Bernstein raised TotalEnergies from a "market perform" rating to an "outperform" rating in a report on Monday, June 16th. Scotiabank increased their target price on TotalEnergies from $65.00 to $67.00 and gave the stock a "sector perform" rating in a report on Thursday. BNP Paribas lowered TotalEnergies from an "outperform" rating to a "hold" rating in a research report on Tuesday, September 23rd. BNP Paribas Exane restated a "neutral" rating on shares of TotalEnergies in a research report on Tuesday, September 23rd. Finally, Royal Bank Of Canada restated an "outperform" rating on shares of TotalEnergies in a research report on Tuesday, September 30th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and six have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $64.95.

TotalEnergies Stock Down 1.9%

NYSE TTE opened at $57.47 on Friday. The firm has a market cap of $137.79 billion, a PE ratio of 10.43, a price-to-earnings-growth ratio of 1.35 and a beta of 0.53. TotalEnergies SE Sponsored ADR has a one year low of $52.78 and a one year high of $68.58. The stock's 50 day simple moving average is $61.33 and its 200 day simple moving average is $60.48. 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 EPS for the quarter, missing analysts' consensus estimates of $1.62 by ($0.05). The firm had revenue of $44.68 billion during the quarter, compared to the consensus estimate of $42.44 billion. TotalEnergies had a net margin of 6.20% and a return on equity of 13.59%. As a group, sell-side analysts forecast that TotalEnergies SE Sponsored ADR will post 8.02 earnings per share for the current fiscal year.

TotalEnergies 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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