Columbus Macro LLC Raises Stock Holdings in TotalEnergies SE Sponsored ADR $TTE

Columbus Macro LLC increased its position in TotalEnergies SE Sponsored ADR (NYSE:TTE) by 1.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 38,945 shares of the company’s stock after buying an additional 538 shares during the quarter. Columbus Macro LLC’s holdings in TotalEnergies were worth $2,391,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Clear Creek Financial Management LLC boosted its stake in TotalEnergies by 2.8% in the 2nd quarter. Clear Creek Financial Management LLC now owns 6,184 shares of the company’s stock worth $380,000 after purchasing an additional 169 shares in the last quarter. UMB Bank n.a. boosted its stake in TotalEnergies by 4.3% in the 2nd quarter. UMB Bank n.a. now owns 4,107 shares of the company’s stock worth $252,000 after purchasing an additional 171 shares in the last quarter. Mayflower Financial Advisors LLC boosted its stake in TotalEnergies by 1.2% in the 1st quarter. Mayflower Financial Advisors LLC now owns 14,646 shares of the company’s stock worth $947,000 after purchasing an additional 176 shares in the last quarter. Dorsey & Whitney Trust CO LLC boosted its stake in TotalEnergies by 1.9% in the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 9,814 shares of the company’s stock worth $635,000 after purchasing an additional 185 shares in the last quarter. Finally, Ipswich Investment Management Co. Inc. boosted its stake in TotalEnergies by 0.9% in the 1st quarter. Ipswich Investment Management Co. Inc. now owns 22,930 shares of the company’s stock worth $1,483,000 after purchasing an additional 200 shares in the last quarter. 16.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on TTE shares. Weiss Ratings reissued a “hold (c)” rating on shares of TotalEnergies in a research report on Wednesday. BNP Paribas lowered TotalEnergies from an “outperform” rating to a “hold” rating in a research report on Tuesday, September 23rd. 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. Berenberg Bank lowered TotalEnergies from a “buy” rating to a “hold” rating and set a $64.00 target price for the company. in a research report on Thursday, September 25th. Finally, Sanford C. Bernstein raised TotalEnergies from a “market perform” rating to an “outperform” rating in a research report on Monday, June 16th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $64.45.

TotalEnergies Price Performance

Shares of NYSE:TTE opened at $59.13 on Thursday. The firm’s 50 day moving average price is $61.38 and its 200-day moving average price is $60.58. TotalEnergies SE Sponsored ADR has a twelve month low of $52.78 and a twelve month 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. The stock has a market capitalization 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.

TotalEnergies (NYSE:TTE) last issued 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 return on equity of 13.59% and a net margin of 6.20%.The business had revenue of $44.68 billion during the quarter, compared to the consensus estimate of $42.44 billion. Equities research analysts expect 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.