TotalEnergies SE Sponsored ADR $TTE Shares Sold by Old Port Advisors

Key Points

• Old Port Advisors reduced its holdings in TotalEnergies SE by 19.1%, selling 9,234 shares during the second quarter, bringing their total shares to 39,184, valued at approximately $2.4 million.
• Several institutional investors, including Kathmere Capital Management and TD Private Client Wealth, have increased their stakes in TotalEnergies, reflecting ongoing interest in the stock amid fluctuating market conditions.
• TotalEnergies reported earnings of $1.57 EPS for the previous quarter, missing consensus estimates, but achieved revenues of $44.68 billion, exceeding expectations with analysts forecasting 8.02 EPS for the fiscal year.

Old Port Advisors trimmed its holdings in TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) by 19.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 39,184 shares of the company's stock after selling 9,234 shares during the quarter. Old Port Advisors' holdings in TotalEnergies were worth $2,406,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Kathmere Capital Management LLC lifted its holdings in TotalEnergies by 12.0% in the 2nd quarter. Kathmere Capital Management LLC now owns 5,216 shares of the company's stock valued at $320,000 after acquiring an additional 557 shares during the last quarter. Fortune Financial Advisors LLC lifted its stake in TotalEnergies by 1.8% during the second quarter. Fortune Financial Advisors LLC now owns 14,122 shares of the company's stock valued at $867,000 after buying an additional 245 shares in the last quarter. TD Private Client Wealth LLC purchased a new stake in TotalEnergies during the second quarter valued at about $5,020,000. Financial Management Professionals Inc. boosted its holdings in shares of TotalEnergies by 49.0% in the second quarter. Financial Management Professionals Inc. now owns 721 shares of the company's stock worth $45,000 after buying an additional 237 shares during the period. Finally, Ballentine Partners LLC increased its position in shares of TotalEnergies by 11.5% in the second quarter. Ballentine Partners LLC now owns 16,508 shares of the company's stock worth $1,013,000 after acquiring an additional 1,705 shares in the last quarter. 16.53% of the stock is owned by institutional investors and hedge funds.

TotalEnergies Stock Performance

TTE stock opened at $63.24 on Friday. 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 company has a market capitalization of $151.63 billion, a price-to-earnings ratio of 11.48, a P/E/G ratio of 1.07 and a beta of 0.59. TotalEnergies SE Sponsored ADR has a 12 month low of $52.78 and a 12 month high of $69.79. The firm has a 50 day moving average of $61.57 and a two-hundred day moving average of $60.75.

TotalEnergies (NYSE:TTE - Get Free Report) last posted its earnings results 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 the consensus estimate of $42.44 billion. TotalEnergies had a return on equity of 13.59% and a net margin of 6.20%. As a group, equities analysts anticipate that TotalEnergies SE Sponsored ADR will post 8.02 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Berenberg Bank downgraded shares of TotalEnergies from a "buy" rating to a "hold" rating and set a $64.00 target price on the stock. in a research report on Thursday. Piper Sandler lifted their target price on shares of TotalEnergies from $66.00 to $68.00 and gave the stock a "neutral" rating in a research report on Monday, August 18th. Scotiabank set a $65.00 target price on shares of TotalEnergies and gave the stock a "sector perform" rating in a research report on Friday, July 11th. BNP Paribas Exane reissued a "neutral" rating on shares of TotalEnergies in a research report on Tuesday. Finally, BNP Paribas downgraded shares of TotalEnergies from an "outperform" rating to a "hold" rating in a research report on Tuesday. Three investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and seven have given a Hold rating to the company's stock. According to data from MarketBeat, TotalEnergies currently has an average rating of "Moderate Buy" and a consensus target price of $64.45.

TotalEnergies 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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