Procyon Advisors LLC Has $547,000 Stock Holdings in TotalEnergies SE Sponsored ADR $TTE

Key Points

• Procyon Advisors LLC reduced its stake in TotalEnergies SE by 45.9%, leaving it with 8,915 shares valued at approximately $547,000.
• TotalEnergies reported a Q2 EPS of $1.57, missing estimates by $0.05, while its revenue reached $44.68 billion, exceeding expectations of $42.44 billion.
• Analysts have assigned TotalEnergies a consensus rating of "Moderate Buy" with an average target price of $66.95, indicating positive sentiment towards the stock.

Procyon Advisors LLC lowered its position in TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) by 45.9% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 8,915 shares of the company's stock after selling 7,565 shares during the period. Procyon Advisors LLC's holdings in TotalEnergies were worth $547,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. Financial Management Professionals Inc. lifted its holdings in TotalEnergies by 65.8% in the 1st quarter. Financial Management Professionals Inc. now owns 484 shares of the company's stock valued at $31,000 after acquiring an additional 192 shares during the last quarter. Bernard Wealth Management Corp. bought a new stake in shares of TotalEnergies during the fourth quarter worth $32,000. Inlight Wealth Management LLC acquired a new stake in shares of TotalEnergies in the first quarter valued at $32,000. Costello Asset Management INC acquired a new position in TotalEnergies during the 1st quarter worth $32,000. Finally, SouthState Corp lifted its stake in shares of TotalEnergies by 126.1% in the 1st quarter. SouthState Corp now owns 572 shares of the company's stock valued at $37,000 after purchasing an additional 319 shares during the period. 16.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on TTE. Scotiabank set a $65.00 target price on TotalEnergies and gave the stock a "sector perform" rating in a research report on Friday, July 11th. Sanford C. Bernstein raised shares of TotalEnergies from a "market perform" rating to an "outperform" rating in a report on Monday, June 16th. Finally, Piper Sandler lifted their target price on TotalEnergies from $66.00 to $68.00 and gave the stock a "neutral" rating in a report on Monday, August 18th. Three equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $66.95.

TotalEnergies Trading Down 1.3%

Shares of TTE traded down $0.78 during trading hours on Friday, hitting $60.60. The company had a trading volume of 1,256,700 shares, compared to its average volume of 1,169,182. The stock's 50 day moving average price is $61.56 and its 200 day moving average price is $60.71. TotalEnergies SE Sponsored ADR has a 52-week low of $52.78 and a 52-week high of $69.79. 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 firm has a market cap of $145.30 billion, a P/E ratio of 11.00, a P/E/G ratio of 1.05 and a beta of 0.59.

TotalEnergies (NYSE:TTE - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The company reported $1.57 earnings per share (EPS) 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 business had revenue of $44.68 billion for the quarter, compared to the consensus estimate of $42.44 billion. On average, research analysts predict that TotalEnergies SE Sponsored ADR will post 8.02 EPS for the current year.

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.