ZWJ Investment Counsel Inc. Sells 4,473 Shares of TotalEnergies SE Sponsored ADR $TTE

Key Points

• ZWJ Investment Counsel Inc. has reduced its stake in TotalEnergies SE Sponsored ADR by 5.2%, selling 4,473 shares and bringing its total holdings to 81,142 shares valued at approximately $4.98 million.
• Several institutional investors have altered their positions in TotalEnergies, with Ascent Group LLC increasing its stake by 22.8% during the second quarter.
• TotalEnergies reported earnings per share of $1.57 for the last quarter, missing estimates, while its revenue of $44.68 billion exceeded expectations.

ZWJ Investment Counsel Inc. reduced its stake in TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) by 5.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 81,142 shares of the company's stock after selling 4,473 shares during the quarter. ZWJ Investment Counsel Inc.'s holdings in TotalEnergies were worth $4,981,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Ascent Group LLC raised its position in shares of TotalEnergies by 22.8% during the 2nd quarter. Ascent Group LLC now owns 14,650 shares of the company's stock valued at $899,000 after purchasing an additional 2,717 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new stake in shares of TotalEnergies during the 2nd quarter valued at $215,000. Abundance Wealth Counselors raised its position in shares of TotalEnergies by 5.1% during the 2nd quarter. Abundance Wealth Counselors now owns 26,528 shares of the company's stock valued at $1,637,000 after purchasing an additional 1,287 shares during the period. Hilltop National Bank bought a new stake in shares of TotalEnergies during the 2nd quarter valued at $167,000. Finally, Patriot Financial Group Insurance Agency LLC raised its position in shares of TotalEnergies by 7.7% during the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 3,347 shares of the company's stock valued at $205,000 after purchasing an additional 240 shares during the period. 16.53% of the stock is currently owned by institutional investors.

TotalEnergies Stock Performance

Shares of NYSE TTE opened at $59.73 on Friday. 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 has a market cap of $143.20 billion, a P/E ratio of 10.84, a P/E/G ratio of 1.39 and a beta of 0.53. The firm's fifty day moving average is $61.45 and its two-hundred day moving average is $60.67. TotalEnergies SE Sponsored ADR has a 52-week low of $52.78 and a 52-week high of $69.79.

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). The company had revenue of $44.68 billion during the quarter, compared to the consensus estimate of $42.44 billion. TotalEnergies had a net margin of 6.20% and a return on equity of 13.59%. As a group, analysts anticipate that TotalEnergies SE Sponsored ADR will post 8.02 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on TTE. Sanford C. Bernstein upgraded shares of TotalEnergies from a "market perform" rating to an "outperform" rating in a research report on Monday, June 16th. BNP Paribas downgraded shares of TotalEnergies from an "outperform" rating to a "hold" rating in a research report on Tuesday, September 23rd. Scotiabank set a $65.00 price objective on shares of TotalEnergies and gave the company a "sector perform" rating in a research report on Friday, July 11th. Weiss Ratings restated a "hold (c)" rating on shares of TotalEnergies in a research report on Saturday, September 27th. Finally, Berenberg Bank downgraded shares of TotalEnergies from a "buy" rating to a "hold" rating and set a $64.00 price target on the stock. in a report on Thursday, September 25th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, TotalEnergies has an average rating of "Moderate Buy" and an average target price of $64.45.

TotalEnergies Company 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.

Want to see what other hedge funds are holding TTE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.