Sovran Advisors LLC Takes $262,000 Position in TotalEnergies SE Sponsored ADR $TTE

Key Points

• Sovran Advisors LLC has acquired a new stake in TotalEnergies SE, purchasing 4,217 shares valued at approximately $262,000 in the 2nd quarter.
• TotalEnergies reported a quarterly earnings miss with $1.57 EPS against a consensus estimate of $1.62, despite higher revenues of $44.68 billion.
• Equities analysts are generally optimistic about TotalEnergies, with a consensus price target of $66.95 and an average rating of "Moderate Buy."

Sovran Advisors LLC bought a new stake in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 4,217 shares of the company's stock, valued at approximately $262,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of TTE. Financial Management Professionals Inc. raised its holdings in TotalEnergies by 65.8% during the 1st quarter. Financial Management Professionals Inc. now owns 484 shares of the company's stock valued at $31,000 after acquiring an additional 192 shares during the period. Bernard Wealth Management Corp. bought a new stake in TotalEnergies during the 4th quarter valued at $32,000. Inlight Wealth Management LLC bought a new stake in TotalEnergies during the 1st quarter valued at $32,000. Costello Asset Management INC bought a new position in shares of TotalEnergies in the first quarter worth $32,000. Finally, SouthState Corp increased its holdings in shares of TotalEnergies by 126.1% in the first quarter. SouthState Corp now owns 572 shares of the company's stock worth $37,000 after purchasing an additional 319 shares during the period. Institutional investors own 16.53% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Piper Sandler upped their price target on shares of TotalEnergies from $66.00 to $68.00 and gave the stock a "neutral" rating in a report on Monday, August 18th. Sanford C. Bernstein raised shares of TotalEnergies from a "market perform" rating to an "outperform" rating in a report on Monday, June 16th. Scotiabank set a $65.00 price target on shares of TotalEnergies and gave the stock a "sector perform" rating in a report on Friday, July 11th. BNP Paribas cut shares of TotalEnergies from an "outperform" rating to a "neutral" rating in a report on Tuesday. Finally, BNP Paribas Exane reaffirmed a "neutral" rating on shares of TotalEnergies in a report on Tuesday. Three analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, TotalEnergies has a consensus rating of "Moderate Buy" and a consensus price target of $66.95.

TotalEnergies Trading Up 1.7%

Shares of TotalEnergies stock traded up $1.02 during trading on Tuesday, reaching $61.79. 748,508 shares of the stock were exchanged, compared to its average volume of 1,632,213. The company has a quick ratio of 0.81, a current ratio of 1.00 and a debt-to-equity ratio of 0.40. The stock's fifty day moving average is $61.53 and its 200 day moving average is $60.71. The firm has a market cap of $148.15 billion, a price-to-earnings ratio of 11.21, a price-to-earnings-growth ratio of 1.04 and a beta of 0.59. TotalEnergies SE Sponsored ADR has a 1 year low of $52.78 and a 1 year high of $69.79.

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 analysts' consensus estimates of $1.62 by ($0.05). The firm had revenue of $44.68 billion for the quarter, compared to analysts' expectations of $42.44 billion. TotalEnergies had a return on equity of 13.59% and a net margin of 6.20%. As a group, equities research analysts expect 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.