TotalEnergies SE Sponsored ADR $TTE Stock Holdings Reduced by First Bank & Trust

Key Points

• First Bank & Trust cut its TotalEnergies stake by 50.6% in the third quarter, selling 36,150 shares and retaining 35,322 shares valued at approximately $3.02 million.
• TotalEnergies shares opened at $91.20, near their 52-week high of $94.17. The company reported quarterly earnings of $2.68 per share on $57.10 billion in revenue, while analysts expect full-year EPS of $12.32.
• Analyst sentiment remains favorable, with a “Moderate Buy” consensus from 18 analysts and an average price target of $92.71; institutional investors and hedge funds own 16.53% of the stock.

First Bank & Trust reduced its position in TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) by 50.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,322 shares of the company's stock after selling 36,150 shares during the quarter. First Bank & Trust's holdings in TotalEnergies were worth $3,020,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Crumly & Associates Inc. lifted its position in shares of TotalEnergies by 1.6% in the 3rd quarter. Crumly & Associates Inc. now owns 9,206 shares of the company's stock worth $787,000 after buying an additional 148 shares during the last quarter. Fiduciary Financial Group LLC grew its position in shares of TotalEnergies by 5.9% during the 2nd quarter. Fiduciary Financial Group LLC now owns 2,767 shares of the company's stock valued at $215,000 after buying an additional 154 shares during the last quarter. Financial Management Professionals Inc. grew its position in shares of TotalEnergies by 36.0% during the 2nd quarter. Financial Management Professionals Inc. now owns 589 shares of the company's stock valued at $46,000 after buying an additional 156 shares during the last quarter. World Investment Advisors raised its stake in TotalEnergies by 2.0% during the first quarter. World Investment Advisors now owns 8,448 shares of the company's stock worth $771,000 after acquiring an additional 165 shares during the period. Finally, Avail Investment Partners LLC raised its stake in TotalEnergies by 5.8% during the third quarter. Avail Investment Partners LLC now owns 3,006 shares of the company's stock worth $257,000 after acquiring an additional 166 shares during the period. 16.53% of the stock is owned by institutional investors and hedge funds.

TotalEnergies Trading Down 0.2%

Shares of NYSE:TTE opened at $91.20 on Monday. The company has a quick ratio of 0.85, a current ratio of 1.06 and a debt-to-equity ratio of 0.38. The company's 50-day moving average price is $88.84 and its 200 day moving average price is $87.33. The company has a market cap of $218.67 billion, a PE ratio of 11.41 and a beta of 0.18. TotalEnergies SE Sponsored ADR has a fifty-two week low of $60.58 and a fifty-two week high of $94.17.

TotalEnergies (NYSE:TTE - Get Free Report) last released its quarterly 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 for the quarter. TotalEnergies had a return on equity of 15.66% and a net margin of 8.29%. Sell-side analysts anticipate that TotalEnergies SE Sponsored ADR will post 12.32 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have commented on TTE. Wall Street Zen upgraded TotalEnergies from a "hold" rating to a "buy" rating in a research note on Monday, August 31st. Barclays reiterated an "overweight" rating on shares of TotalEnergies in a research report on Monday, October 5th. HSBC raised TotalEnergies from a "hold" rating to a "buy" rating in a report on Friday, September 25th. Weiss Ratings upgraded TotalEnergies from a "buy (b-)" rating to a "buy (b)" rating in a research report on Friday, July 24th. Finally, TD Cowen reduced their price objective on TotalEnergies from $108.00 to $105.00 and set a "buy" rating for the company in a research report on Tuesday, October 13th. Ten investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $92.71.

About TotalEnergies

TotalEnergies SE is a French multinational energy company that explores for, produces, processes and markets oil and natural gas. Established in 1924 as the Compagnie française des pétroles, the company adopted the TotalEnergies name in 2021 to reflect its broader focus on multiple forms of energy.

The company's activities include liquefied natural gas, refining and petrochemicals, fuels, lubricants, and the operation of service stations. TotalEnergies also develops and sells electricity from renewable and other power-generation sources, including solar and wind projects, as well as energy-storage and electric-vehicle charging solutions.

TotalEnergies serves customers and operates projects across numerous regions, including Europe, Africa, the Middle East, the Americas and the Asia-Pacific region.

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