TotalEnergies SE Sponsored ADR $TTE Shares Sold by Fulton Bank N.A.

Key Points

• Fulton Bank reduced its TotalEnergies position by 31.9% in the second quarter, selling 16,870 shares and retaining 36,015 shares valued at approximately $2.8 million.
• TotalEnergies shares opened at $88.04, near the analysts’ consensus target of $87.14. The company reported quarterly earnings of $2.68 per share on $57.1 billion in revenue.
• Analyst sentiment remains cautiously positive, with a consensus rating of “Moderate Buy” from 19 analysts, although several firms recently downgraded the stock to “Hold.”

Fulton Bank N.A. lessened its position in TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) by 31.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 36,015 shares of the company's stock after selling 16,870 shares during the quarter. Fulton Bank N.A.'s holdings in TotalEnergies were worth $2,801,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Robinswood Financial LLC acquired a new position in TotalEnergies in the 1st quarter valued at $27,000. Elyxium Wealth LLC acquired a new stake in TotalEnergies during the 4th quarter worth $33,000. SHP Wealth Management acquired a new stake in TotalEnergies during the 4th quarter worth $37,000. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in shares of TotalEnergies during the fourth quarter worth $38,000. Finally, Maseco LLP grew its holdings in shares of TotalEnergies by 119.9% during the first quarter. Maseco LLP now owns 420 shares of the company's stock worth $38,000 after buying an additional 229 shares in the last quarter. 16.53% of the stock is owned by institutional investors and hedge funds.

TotalEnergies Stock Up 0.1%

Shares of NYSE:TTE opened at $88.04 on Wednesday. The business has a 50-day moving average price of $83.03 and a 200 day moving average price of $84.02. TotalEnergies SE Sponsored ADR has a 12-month low of $57.39 and a 12-month high of $94.17. The company has a current ratio of 1.06, a quick ratio of 0.85 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $211.10 billion, a price-to-earnings ratio of 11.02, a PEG ratio of 3.10 and a beta of 0.14.

TotalEnergies (NYSE:TTE - Get Free Report) last announced its earnings results on Tuesday, June 30th. The company reported $2.68 earnings per share for the quarter. The company had revenue of $57.10 billion during the quarter. TotalEnergies had a net margin of 8.29% and a return on equity of 15.66%. Sell-side analysts expect that TotalEnergies SE Sponsored ADR will post 10.65 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on TTE. Wall Street Zen cut shares of TotalEnergies from a "buy" rating to a "hold" rating in a research report on Saturday, July 4th. Kepler Capital Markets upgraded shares of TotalEnergies from a "reduce" rating to a "hold" rating in a research report on Thursday, April 23rd. Zacks Research cut shares of TotalEnergies from a "strong-buy" rating to a "hold" rating in a research note on Monday, May 25th. Mizuho assumed coverage on shares of TotalEnergies in a report on Monday, July 20th. They issued an "outperform" rating and a $103.00 price objective for the company. Finally, Scotiabank raised their target price on shares of TotalEnergies from $73.00 to $97.00 and gave the stock a "sector perform" rating in a research note on Wednesday, April 22nd. Eleven equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, TotalEnergies has a consensus rating of "Moderate Buy" and an average target price of $87.14.

TotalEnergies Profile

TotalEnergies SE NYSE: TTE is a French multinational integrated energy company engaged across the full energy value chain. Founded in 1924 as Compagnie Française des Pétroles, the company grew through a series of mergers and expansions—most notably with Petrofina and Elf Aquitaine around the turn of the millennium—and rebranded to TotalEnergies in 2021 to reflect a broader focus on multiple energy sources. It is organized to operate across upstream and downstream activities while pursuing a transition toward lower-carbon energy solutions.

In upstream, TotalEnergies explores for and produces crude oil and natural gas globally.

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