Parallel Advisors LLC Buys 2,137 Shares of TotalEnergies SE Sponsored ADR $TTE

Parallel Advisors LLC boosted its holdings in TotalEnergies SE Sponsored ADR (NYSE:TTE) by 34.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,325 shares of the company’s stock after acquiring an additional 2,137 shares during the quarter. Parallel Advisors LLC’s holdings in TotalEnergies were worth $511,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Mayflower Financial Advisors LLC increased its holdings in TotalEnergies by 1.2% during the first quarter. Mayflower Financial Advisors LLC now owns 14,646 shares of the company’s stock valued at $947,000 after buying an additional 176 shares during the period. Dorsey & Whitney Trust CO LLC increased its holdings in TotalEnergies by 1.9% during the first quarter. Dorsey & Whitney Trust CO LLC now owns 9,814 shares of the company’s stock valued at $635,000 after buying an additional 185 shares during the period. J2 Capital Management Inc boosted its stake in TotalEnergies by 3.3% in the first quarter. J2 Capital Management Inc now owns 5,954 shares of the company’s stock valued at $385,000 after acquiring an additional 191 shares in the last quarter. Financial Management Professionals Inc. boosted its stake in TotalEnergies by 65.8% in the first quarter. Financial Management Professionals Inc. now owns 484 shares of the company’s stock valued at $31,000 after acquiring an additional 192 shares in the last quarter. Finally, Ipswich Investment Management Co. Inc. boosted its stake in TotalEnergies by 0.9% in the first quarter. Ipswich Investment Management Co. Inc. now owns 22,930 shares of the company’s stock valued at $1,483,000 after acquiring an additional 200 shares in the last quarter. 16.53% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on TTE. Piper Sandler raised their target price on shares of TotalEnergies from $66.00 to $68.00 and gave the company a “neutral” rating in a research note on Monday, August 18th. Sanford C. Bernstein upgraded shares of TotalEnergies from a “market perform” rating to an “outperform” rating in a research note on Monday, June 16th. Finally, Scotiabank set a $65.00 price objective on shares of TotalEnergies and gave the stock a “sector perform” rating in a research note on Friday, July 11th. Three equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $66.95.

TotalEnergies Stock Performance

Shares of TTE stock opened at $60.60 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. TotalEnergies SE Sponsored ADR has a one year low of $52.78 and a one year high of $69.79. The firm has a market cap of $145.30 billion, a P/E ratio of 11.00, a P/E/G ratio of 1.05 and a beta of 0.59. The firm’s 50 day moving average price is $61.56 and its 200-day moving average price is $60.71.

TotalEnergies (NYSE:TTE) last issued its quarterly earnings results on Thursday, July 24th. The company reported $1.57 EPS 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 business had revenue of $44.68 billion during the quarter, compared to analysts’ expectations of $42.44 billion. As a group, equities research analysts predict that TotalEnergies SE Sponsored ADR will post 8.02 EPS 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.