Simplicity Wealth LLC Buys 5,714 Shares of TotalEnergies SE Sponsored ADR $TTE

Simplicity Wealth LLC boosted its stake in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) by 184.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,810 shares of the company's stock after purchasing an additional 5,714 shares during the period. Simplicity Wealth LLC's holdings in TotalEnergies were worth $541,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. UMB Bank n.a. raised its position in TotalEnergies by 4.3% in the second quarter. UMB Bank n.a. now owns 4,107 shares of the company's stock worth $252,000 after acquiring an additional 171 shares during the period. Mayflower Financial Advisors LLC raised its position in TotalEnergies by 1.2% in the first quarter. Mayflower Financial Advisors LLC now owns 14,646 shares of the company's stock worth $947,000 after acquiring an additional 176 shares during the period. Dorsey & Whitney Trust CO LLC raised its position in TotalEnergies by 1.9% in the first quarter. Dorsey & Whitney Trust CO LLC now owns 9,814 shares of the company's stock worth $635,000 after acquiring an additional 185 shares during the period. Ipswich Investment Management Co. Inc. raised its position in TotalEnergies by 0.9% in the first quarter. Ipswich Investment Management Co. Inc. now owns 22,930 shares of the company's stock worth $1,483,000 after acquiring an additional 200 shares during the period. Finally, Investors Research Corp raised its position in TotalEnergies by 1.6% in the second quarter. Investors Research Corp now owns 12,692 shares of the company's stock worth $779,000 after acquiring an additional 200 shares during the period. Institutional investors own 16.53% of the company's stock.

Wall Street Analysts Forecast Growth

TTE has been the topic of several recent research reports. Scotiabank set a $65.00 price target on shares of TotalEnergies and gave the stock a "sector perform" rating in a research report on Friday, July 11th. Royal Bank Of Canada reiterated an "outperform" rating on shares of TotalEnergies in a research report on Tuesday, September 30th. Sanford C. Bernstein upgraded shares of TotalEnergies from a "market perform" rating to an "outperform" rating in a research report on Monday, June 16th. Weiss Ratings reiterated a "hold (c)" rating on shares of TotalEnergies in a research report on Saturday, September 27th. Finally, BNP Paribas downgraded shares of TotalEnergies from an "outperform" rating to a "hold" rating in a research report on Tuesday, September 23rd. 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. According to data from MarketBeat.com, TotalEnergies presently has an average rating of "Moderate Buy" and a consensus price target of $64.45.

TotalEnergies Stock Performance

TTE opened at $59.47 on Wednesday. The stock has a market capitalization of $142.58 billion, a price-to-earnings ratio of 10.79, a PEG ratio of 1.41 and a beta of 0.53. The company has a fifty day moving average of $61.39 and a 200 day moving average of $60.59. TotalEnergies SE Sponsored ADR has a fifty-two week low of $52.78 and a fifty-two week high of $68.80. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.81 and a current ratio of 1.00.

TotalEnergies (NYSE:TTE - Get Free Report) last posted its earnings results 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). The company had revenue of $44.68 billion for 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%. 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 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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