US Bancorp DE Sells 20,924 Shares of TotalEnergies SE Sponsored ADR $TTE

Key Points

• US Bancorp DE sold 20,924 shares of TotalEnergies SE, reducing its position by 16.8% during Q2, leaving it with 103,707 shares valued at approximately $6.37 million.
• TotalEnergies reported earnings of $1.57 per share, missing the expected $1.62, while generating a revenue of $44.68 billion, which exceeded analyst estimates of $42.44 billion.
• Several analysts recently adjusted their ratings on TotalEnergies, with Berenberg Bank downgrading it to a "hold" and Piper Sandler raising their target price from $66.00 to $68.00.

US Bancorp DE reduced its position in TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) by 16.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 103,707 shares of the company's stock after selling 20,924 shares during the quarter. US Bancorp DE's holdings in TotalEnergies were worth $6,367,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of TTE. Clear Creek Financial Management LLC boosted its position in TotalEnergies by 2.8% during the 2nd quarter. Clear Creek Financial Management LLC now owns 6,184 shares of the company's stock worth $380,000 after buying an additional 169 shares during the period. UMB Bank n.a. boosted its position in TotalEnergies by 4.3% during the 2nd quarter. UMB Bank n.a. now owns 4,107 shares of the company's stock worth $252,000 after buying an additional 171 shares during the period. Mayflower Financial Advisors LLC boosted its position in TotalEnergies by 1.2% during the 1st quarter. Mayflower Financial Advisors LLC now owns 14,646 shares of the company's stock worth $947,000 after buying an additional 176 shares during the period. Dorsey & Whitney Trust CO LLC boosted its position in TotalEnergies by 1.9% during the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 9,814 shares of the company's stock worth $635,000 after buying an additional 185 shares during the period. Finally, Investors Research Corp boosted its position in TotalEnergies by 1.6% during the 2nd quarter. Investors Research Corp now owns 12,692 shares of the company's stock worth $779,000 after buying an additional 200 shares during the period. 16.53% of the stock is owned by institutional investors.

TotalEnergies Stock Down 1.9%

Shares of NYSE TTE opened at $57.47 on Monday. The company has a market capitalization of $137.79 billion, a P/E ratio of 10.43, a price-to-earnings-growth ratio of 1.35 and a beta of 0.53. TotalEnergies SE Sponsored ADR has a 52-week low of $52.78 and a 52-week high of $68.58. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.81 and a current ratio of 1.00. The company's 50 day moving average price is $61.33 and its 200-day moving average price is $60.44.

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

Wall Street Analysts Forecast Growth

TTE has been the topic of several recent research reports. 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, September 25th. 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. BNP Paribas Exane reiterated a "neutral" rating on shares of TotalEnergies in a research report on Tuesday, September 23rd. Sanford C. Bernstein upgraded shares of TotalEnergies from a "market perform" rating to an "outperform" rating in a research report on Monday, June 16th. Finally, Weiss Ratings restated a "hold (c)" rating on shares of TotalEnergies in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $64.95.

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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