TotalEnergies SE Sponsored ADR $TTE Shares Acquired by Callan Family Office LLC

Callan Family Office LLC grew its holdings in TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) by 113.0% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 57,376 shares of the company's stock after buying an additional 30,433 shares during the period. Callan Family Office LLC's holdings in TotalEnergies were worth $3,522,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Price T Rowe Associates Inc. MD raised its position in shares of TotalEnergies by 4.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 4,303,052 shares of the company's stock valued at $278,366,000 after buying an additional 169,435 shares during the last quarter. Federated Hermes Inc. raised its position in shares of TotalEnergies by 23.1% in the first quarter. Federated Hermes Inc. now owns 3,552,025 shares of the company's stock valued at $229,780,000 after buying an additional 665,620 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of TotalEnergies by 53.0% in the first quarter. Goldman Sachs Group Inc. now owns 3,232,525 shares of the company's stock valued at $209,112,000 after buying an additional 1,119,406 shares during the last quarter. Raymond James Financial Inc. increased its position in TotalEnergies by 9.9% during the first quarter. Raymond James Financial Inc. now owns 3,146,792 shares of the company's stock worth $203,566,000 after purchasing an additional 283,595 shares during the last quarter. Finally, Royal Bank of Canada increased its position in TotalEnergies by 6.4% during the first quarter. Royal Bank of Canada now owns 3,104,000 shares of the company's stock worth $200,797,000 after purchasing an additional 186,562 shares during the last quarter. 16.53% of the stock is currently owned by institutional investors and hedge funds.

TotalEnergies Price Performance

Shares of TTE opened at $57.47 on Friday. TotalEnergies SE Sponsored ADR has a 1-year low of $52.78 and a 1-year high of $68.58. The stock has a market cap of $137.79 billion, a PE ratio of 10.43, a P/E/G ratio of 1.38 and a beta of 0.53. The firm has a 50-day simple moving average of $61.33 and a two-hundred day simple moving average of $60.51. 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 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). TotalEnergies had a net margin of 6.20% and a return on equity of 13.59%. The company had revenue of $44.68 billion for the quarter, compared to analyst estimates of $42.44 billion. As a group, analysts forecast that TotalEnergies SE Sponsored ADR will post 8.02 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Scotiabank raised their price objective on shares of TotalEnergies from $65.00 to $67.00 and gave the stock a "sector perform" rating in a research report on Thursday. Berenberg Bank cut shares of TotalEnergies from a "buy" rating to a "hold" rating and set a $64.00 price objective for the company. in a research report on Thursday, September 25th. Sanford C. Bernstein upgraded shares of TotalEnergies from a "market perform" rating to an "outperform" rating in a research report on Monday, June 16th. BNP Paribas Exane restated a "neutral" rating on shares of TotalEnergies in a research report on Tuesday, September 23rd. Finally, Weiss Ratings restated a "hold (c)" rating on shares of TotalEnergies in a research report on Wednesday. One investment 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's stock. Based on data from MarketBeat, TotalEnergies has a consensus rating of "Moderate Buy" and a consensus target price of $64.95.

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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