Venturi Wealth Management LLC Sells 8,464 Shares of TotalEnergies SE Sponsored ADR $TTE

Key Points

• Venturi Wealth Management LLC has reduced its stake in TotalEnergies SE by 31.4%, selling 8,464 shares and now holding 18,499 shares valued at $1,136,000.
• TotalEnergies stock (NYSE:TTE) is currently priced at $59.13, down 0.4%, with a market cap of $141.77 billion and a P/E ratio of 10.73.
• The company reported Q2 earnings with an EPS of $1.57, which fell short of analysts' expectations of $1.62, but revenue exceeded estimates at $44.68 billion.

Venturi Wealth Management LLC lowered its stake in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) by 31.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 18,499 shares of the company's stock after selling 8,464 shares during the quarter. Venturi Wealth Management LLC's holdings in TotalEnergies were worth $1,136,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in TTE. UMB Bank n.a. grew its stake in shares of TotalEnergies by 4.3% in the second quarter. UMB Bank n.a. now owns 4,107 shares of the company's stock valued at $252,000 after buying an additional 171 shares in the last quarter. Mayflower Financial Advisors LLC grew its stake in shares of TotalEnergies by 1.2% in the first quarter. Mayflower Financial Advisors LLC now owns 14,646 shares of the company's stock valued at $947,000 after buying an additional 176 shares in the last quarter. Dorsey & Whitney Trust CO LLC lifted its holdings in TotalEnergies by 1.9% during the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 9,814 shares of the company's stock valued at $635,000 after purchasing an additional 185 shares during the last quarter. Ipswich Investment Management Co. Inc. lifted its holdings in TotalEnergies by 0.9% during the 1st quarter. Ipswich Investment Management Co. Inc. now owns 22,930 shares of the company's stock valued at $1,483,000 after purchasing an additional 200 shares during the last quarter. Finally, Investors Research Corp lifted its holdings in TotalEnergies by 1.6% during the 2nd quarter. Investors Research Corp now owns 12,692 shares of the company's stock valued at $779,000 after purchasing an additional 200 shares during the last quarter. Institutional investors own 16.53% of the company's stock.

TotalEnergies Stock Down 0.4%

TTE stock opened at $59.13 on Thursday. The company has a market cap of $141.77 billion, a PE ratio of 10.73, a price-to-earnings-growth ratio of 1.40 and a beta of 0.53. The business has a 50-day simple moving average of $61.38 and a 200 day simple moving average of $60.58. TotalEnergies SE Sponsored ADR has a 52 week low of $52.78 and a 52 week high of $68.58. 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 (NYSE:TTE - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The company reported $1.57 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 company had revenue of $44.68 billion during the quarter, compared to analyst estimates of $42.44 billion. Sell-side analysts anticipate that TotalEnergies SE Sponsored ADR will post 8.02 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. BNP Paribas Exane reaffirmed a "neutral" rating on shares of TotalEnergies in a report on Tuesday, September 23rd. Weiss Ratings reaffirmed a "hold (c)" rating on shares of TotalEnergies in a report on Wednesday. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of TotalEnergies in a report on Tuesday, September 30th. Scotiabank set a $65.00 target price on TotalEnergies and gave the stock a "sector perform" rating in a report on Friday, July 11th. 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. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average 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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