Sequoia Financial Advisors LLC Grows Position in TotalEnergies SE Sponsored ADR $TTE

Key Points

• Sequoia Financial Advisors LLC increased its position in TotalEnergies SE by 33.2% during the second quarter, holding 22,364 shares valued at $1,373,000.
• Various hedge funds have also adjusted their stakes in TotalEnergies, with notable increases including U S Global Investors Inc. raising its position by 275.0%.
• Analysts have mixed ratings on TotalEnergies, with price targets ranging from $64.00 to $68.00 and a consensus rating of "Moderate Buy."

Sequoia Financial Advisors LLC increased its holdings in TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) by 33.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 22,364 shares of the company's stock after acquiring an additional 5,574 shares during the quarter. Sequoia Financial Advisors LLC's holdings in TotalEnergies were worth $1,373,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. HighTower Advisors LLC lifted its stake in TotalEnergies by 2.5% in the first quarter. HighTower Advisors LLC now owns 768,826 shares of the company's stock worth $49,735,000 after acquiring an additional 19,043 shares during the period. Sowell Financial Services LLC purchased a new stake in shares of TotalEnergies during the first quarter valued at about $280,000. Leo Wealth LLC lifted its position in shares of TotalEnergies by 106.7% during the first quarter. Leo Wealth LLC now owns 20,931 shares of the company's stock valued at $1,354,000 after buying an additional 10,805 shares during the last quarter. Banco Santander S.A. lifted its position in shares of TotalEnergies by 26.1% during the first quarter. Banco Santander S.A. now owns 66,888 shares of the company's stock valued at $4,327,000 after buying an additional 13,850 shares during the last quarter. Finally, U S Global Investors Inc. lifted its position in shares of TotalEnergies by 275.0% during the second quarter. U S Global Investors Inc. now owns 15,000 shares of the company's stock valued at $921,000 after buying an additional 11,000 shares during the last quarter. 16.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on TTE. Piper Sandler increased their price target on shares of TotalEnergies from $66.00 to $68.00 and gave the company a "neutral" rating in a research report on Monday, August 18th. Weiss Ratings reissued a "hold (c)" rating on shares of TotalEnergies in a research report on Wednesday, October 8th. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of TotalEnergies in a research report on Tuesday, September 30th. BNP Paribas cut shares of TotalEnergies from an "outperform" rating to a "hold" rating in a research note on Tuesday, September 23rd. Finally, Berenberg Bank cut shares of TotalEnergies from a "buy" rating to a "hold" rating and set a $64.00 target price for the company. in a research note on Thursday, September 25th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $64.95.

TotalEnergies Price Performance

Shares of NYSE:TTE opened at $60.40 on Friday. The company's 50 day moving average is $61.25 and its 200 day moving average is $60.35. The company has a market cap of $144.82 billion, a PE ratio of 10.96, a price-to-earnings-growth ratio of 1.41 and a beta of 0.53. 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 SE Sponsored ADR has a twelve month low of $52.78 and a twelve month high of $65.76.

TotalEnergies (NYSE:TTE - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The company reported $1.57 EPS for the quarter, missing the consensus estimate of $1.62 by ($0.05). The business 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%. On average, sell-side analysts forecast that TotalEnergies SE Sponsored ADR will post 8.02 EPS for the current 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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