Yousif Capital Management LLC Raises Position in TotalEnergies SE Sponsored ADR $TTE

Key Points

• Yousif Capital Management LLC has increased its stake in TotalEnergies SE by 8.3%, owning 58,082 shares valued at approximately $3.57 million.
• TotalEnergies reported earnings of $1.57 per share for the last quarter, missing estimates of $1.62, but its revenue of $44.68 billion exceeded expectations of $42.44 billion.
• Analysts have mixed opinions on TotalEnergies' stock, with ratings ranging from "Strong Buy" to "Hold," and an average price target set at $64.95.

Yousif Capital Management LLC boosted its stake in TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) by 8.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 58,082 shares of the company's stock after buying an additional 4,470 shares during the period. Yousif Capital Management LLC's holdings in TotalEnergies were worth $3,566,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Inlight Wealth Management LLC bought a new stake in TotalEnergies during the first quarter worth about $32,000. Costello Asset Management INC bought a new stake in TotalEnergies during the first quarter worth about $32,000. Trust Co. of Toledo NA OH bought a new stake in TotalEnergies during the second quarter worth about $34,000. SouthState Corp boosted its stake in TotalEnergies by 126.1% during the first 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. Finally, Arlington Trust Co LLC bought a new stake in TotalEnergies during the first quarter worth about $39,000. Institutional investors own 16.53% of the company's stock.

TotalEnergies Trading Down 0.1%

Shares of NYSE TTE opened at $60.40 on Friday. The firm's 50 day moving average price is $61.25 and its 200-day moving average price is $60.35. The company has a market cap of $144.82 billion, a PE ratio of 10.96, a P/E/G ratio of 1.41 and a beta of 0.53. TotalEnergies SE Sponsored ADR has a 52-week low of $52.78 and a 52-week high of $65.76. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.81 and a current ratio of 1.00.

TotalEnergies (NYSE:TTE - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The company reported $1.57 earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts' expectations of $42.44 billion. On average, equities research analysts expect that TotalEnergies SE Sponsored ADR will post 8.02 EPS for the current fiscal year.

Analysts Set New Price Targets

TTE has been the topic of several research reports. BNP Paribas Exane reissued a "neutral" rating on shares of TotalEnergies in a research note on Tuesday, September 23rd. Berenberg Bank lowered shares of TotalEnergies from a "buy" rating to a "hold" rating and set a $64.00 price objective on the stock. in a research note on Thursday, September 25th. Scotiabank boosted their price objective on shares of TotalEnergies from $65.00 to $67.00 and gave the stock a "sector perform" rating in a research note on Thursday, October 9th. Royal Bank Of Canada reiterated an "outperform" rating on shares of TotalEnergies in a research note on Tuesday, September 30th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of TotalEnergies in a research note on Wednesday, October 8th. One investment 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 stock. Based on data from MarketBeat.com, the company presently has a consensus 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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