Code Waechter LLC Grows Position in TotalEnergies SE Sponsored ADR $TTE

Code Waechter LLC lifted its stake in TotalEnergies SE Sponsored ADR (NYSE:TTE) by 52.5% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,708 shares of the company’s stock after buying an additional 5,066 shares during the quarter. Code Waechter LLC’s holdings in TotalEnergies were worth $903,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Costello Asset Management INC purchased a new position in shares of TotalEnergies in the first quarter worth $32,000. Trust Co. of Toledo NA OH purchased a new position in shares of TotalEnergies in the second quarter worth $34,000. SouthState Corp lifted its holdings in shares of TotalEnergies by 126.1% in the first quarter. SouthState Corp now owns 572 shares of the company’s stock worth $37,000 after buying an additional 319 shares in the last quarter. Brentview Investment Management LLC purchased a new position in shares of TotalEnergies in the first quarter worth $45,000. Finally, Financial Management Professionals Inc. lifted its holdings in shares of TotalEnergies by 49.0% in the second quarter. Financial Management Professionals Inc. now owns 721 shares of the company’s stock worth $45,000 after buying an additional 237 shares in the last quarter. Hedge funds and other institutional investors own 16.53% of the company’s stock.

Wall Street Analyst Weigh In

TTE has been the topic of several research analyst 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 report on Thursday, September 25th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of TotalEnergies in a research note on Tuesday, September 30th. Scotiabank upped their price target on shares of TotalEnergies from $65.00 to $67.00 and gave the company a “sector perform” rating in a research note on Thursday, October 9th. BNP Paribas downgraded shares of TotalEnergies from an “outperform” rating to a “hold” rating in a research note on Tuesday, September 23rd. Finally, Piper Sandler reaffirmed a “neutral” rating and set a $69.00 price target on shares of TotalEnergies in a research note on Monday, October 20th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, TotalEnergies has a consensus rating of “Moderate Buy” and a consensus price target of $66.76.

TotalEnergies Trading Down 1.0%

TTE stock opened at $61.61 on Tuesday. 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 SE Sponsored ADR has a twelve month low of $52.78 and a twelve month high of $65.76. The stock has a market capitalization of $147.71 billion, a price-to-earnings ratio of 11.18, a price-to-earnings-growth ratio of 1.50 and a beta of 0.53. The firm’s fifty day simple moving average is $61.18 and its two-hundred day simple moving average is $60.77.

TotalEnergies (NYSE:TTE) last posted its quarterly earnings data on Thursday, October 30th. The company reported $1.77 earnings per share for the quarter, missing analysts’ consensus estimates of $1.81 by ($0.04). TotalEnergies had a net margin of 6.20% and a return on equity of 13.59%. The firm had revenue of $43.84 billion for the quarter, compared to the consensus estimate of $43.66 billion. As a group, analysts anticipate that TotalEnergies SE Sponsored ADR will post 8.02 earnings per share for the current year.

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.