TotalEnergies SE Sponsored ADR $TTE Shares Sold by Moors & Cabot Inc.

Moors & Cabot Inc. cut its holdings in TotalEnergies SE Sponsored ADR (NYSE:TTE) by 5.2% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 28,444 shares of the company’s stock after selling 1,570 shares during the period. Moors & Cabot Inc.’s holdings in TotalEnergies were worth $1,746,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of TTE. NewSquare Capital LLC boosted its holdings in shares of TotalEnergies by 141.5% in the 2nd quarter. NewSquare Capital LLC now owns 495 shares of the company’s stock valued at $30,000 after buying an additional 290 shares during the period. Costello Asset Management INC acquired a new position in shares of TotalEnergies in the 1st quarter valued at about $32,000. Trust Co. of Toledo NA OH acquired a new position in shares of TotalEnergies in the 2nd quarter valued at about $34,000. SouthState Corp boosted its holdings in shares of TotalEnergies by 126.1% in the 1st quarter. SouthState Corp now owns 572 shares of the company’s stock valued at $37,000 after buying an additional 319 shares during the period. Finally, Brentview Investment Management LLC acquired a new position in shares of TotalEnergies in the 1st quarter valued at about $45,000. 16.53% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TTE has been the subject of several research reports. BNP Paribas Exane reaffirmed a “neutral” rating on shares of TotalEnergies in a report on Tuesday, September 23rd. BNP Paribas downgraded shares of TotalEnergies from an “outperform” rating to a “hold” rating in a research report on Tuesday, September 23rd. Royal Bank Of Canada reiterated an “outperform” rating on shares of TotalEnergies in a research report on Tuesday, September 30th. Piper Sandler reiterated a “neutral” rating and issued a $69.00 price objective on shares of TotalEnergies in a research report on Monday, October 20th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of TotalEnergies in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, TotalEnergies has an average rating of “Moderate Buy” and a consensus target price of $66.76.

TotalEnergies Stock Down 0.5%

TTE stock opened at $60.93 on Thursday. TotalEnergies SE Sponsored ADR has a 52 week low of $52.78 and a 52 week high of $65.76. The company has a market capitalization of $146.09 billion, a price-to-earnings ratio of 11.06, a price-to-earnings-growth ratio of 1.50 and a beta of 0.53. The firm’s 50-day moving average is $61.14 and its two-hundred day moving average is $60.79. The company has a current ratio of 1.00, a quick ratio of 0.81 and a debt-to-equity ratio of 0.40.

TotalEnergies (NYSE:TTE) last announced its quarterly earnings data on Thursday, October 30th. The company reported $1.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.81 by ($0.04). The business had revenue of $43.84 billion during the quarter, compared to analyst estimates of $43.66 billion. TotalEnergies had a return on equity of 13.59% and a net margin of 6.20%. On average, analysts forecast that TotalEnergies SE Sponsored ADR will post 8.02 earnings per share for the current fiscal 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.