TotalEnergies SE Sponsored ADR $TTE Shares Sold by Stephens Inc. AR

Key Points

• Stephens Inc. AR has reduced its holdings in TotalEnergies SE by 25.3% during the second quarter, owning now 24,774 shares valued at approximately $1.52 million.
• TotalEnergies reported $1.57 earnings per share for its latest quarter, missing analysts' expectations by $0.05, with revenue reaching $44.68 billion.
• Analysts have a consensus rating of "Moderate Buy" on TotalEnergies shares, with an average price target of $65.20.

Stephens Inc. AR reduced its holdings in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) by 25.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 24,774 shares of the company's stock after selling 8,409 shares during the quarter. Stephens Inc. AR's holdings in TotalEnergies were worth $1,521,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Costello Asset Management INC acquired a new position in shares of TotalEnergies during the 1st quarter worth about $32,000. Trust Co. of Toledo NA OH acquired a new position in shares of TotalEnergies during the 2nd quarter worth about $34,000. SouthState Corp boosted its position in shares of TotalEnergies by 126.1% during the 1st quarter. SouthState Corp now owns 572 shares of the company's stock worth $37,000 after acquiring an additional 319 shares in the last quarter. Arlington Trust Co LLC acquired a new position in shares of TotalEnergies during the 1st quarter worth about $39,000. Finally, Brentview Investment Management LLC acquired a new position in shares of TotalEnergies during the 1st quarter worth about $45,000. 16.53% of the stock is owned by institutional investors and hedge funds.

TotalEnergies Stock Up 0.6%

Shares of NYSE TTE opened at $62.64 on Friday. The stock has a market cap of $150.20 billion, a PE ratio of 11.37, a price-to-earnings-growth ratio of 1.54 and a beta of 0.53. The company has a quick ratio of 0.81, a current ratio of 1.00 and a debt-to-equity ratio of 0.40. TotalEnergies SE Sponsored ADR has a 52-week low of $52.78 and a 52-week high of $65.76. The business has a 50-day moving average price of $61.28 and a 200 day moving average price of $60.38.

TotalEnergies (NYSE:TTE - Get Free Report) last posted its quarterly earnings data 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 return on equity of 13.59% and a net margin of 6.20%.The company had revenue of $44.68 billion for the quarter, compared to analyst estimates of $42.44 billion. Equities research analysts forecast that TotalEnergies SE Sponsored ADR will post 8.02 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Berenberg Bank cut 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. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of TotalEnergies in a research report on Tuesday, September 30th. Piper Sandler reissued a "neutral" rating and issued a $69.00 target price on shares of TotalEnergies in a research report on Monday. Scotiabank upped their target price on TotalEnergies from $65.00 to $67.00 and gave the company a "sector perform" rating in a research report on Thursday, October 9th. Finally, BNP Paribas Exane reissued a "neutral" rating on shares of TotalEnergies in a research report on Tuesday, September 23rd. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and six have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $65.20.

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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