Wealth Enhancement Advisory Services LLC Acquires 18,111 Shares of TotalEnergies SE Sponsored ADR $TTE

Wealth Enhancement Advisory Services LLC raised its holdings in TotalEnergies SE Sponsored ADR (NYSE:TTE) by 25.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 89,967 shares of the company’s stock after purchasing an additional 18,111 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in TotalEnergies were worth $5,643,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. HighTower Advisors LLC lifted its position in shares of TotalEnergies by 2.5% during the 1st quarter. HighTower Advisors LLC now owns 768,826 shares of the company’s stock valued at $49,735,000 after buying an additional 19,043 shares during the last quarter. Sowell Financial Services LLC purchased a new position in shares of TotalEnergies during the 1st quarter valued at $280,000. Leo Wealth LLC lifted its position in shares of TotalEnergies by 106.7% during the 1st quarter. Leo Wealth LLC now owns 20,931 shares of the company’s stock valued at $1,354,000 after buying an additional 10,805 shares during the last quarter. Banco Santander S.A. lifted its position in shares of TotalEnergies by 26.1% during the 1st quarter. Banco Santander S.A. now owns 66,888 shares of the company’s stock valued at $4,327,000 after buying an additional 13,850 shares during the last quarter. Finally, Fred Alger Management LLC lifted its position in shares of TotalEnergies by 8.1% during the 1st quarter. Fred Alger Management LLC now owns 80,432 shares of the company’s stock valued at $5,260,000 after buying an additional 6,044 shares during the last quarter. Hedge funds and other institutional investors own 16.53% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on TTE shares. Piper Sandler upped their price target on TotalEnergies from $66.00 to $68.00 and gave the company a “neutral” rating in a research report on Monday, August 18th. BNP Paribas cut TotalEnergies from an “outperform” rating to a “hold” rating in a research report on Tuesday. Scotiabank set a $65.00 price objective on TotalEnergies and gave the stock a “sector perform” rating in a report on Friday, July 11th. Sanford C. Bernstein raised TotalEnergies from a “market perform” rating to an “outperform” rating in a report on Monday, June 16th. Finally, BNP Paribas Exane reissued a “neutral” rating on shares of TotalEnergies in a report on Tuesday. Three analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $66.95.

TotalEnergies Stock Performance

NYSE:TTE opened at $62.47 on Thursday. The business’s 50-day moving average price is $61.53 and its two-hundred day moving average price is $60.73. TotalEnergies SE Sponsored ADR has a twelve month low of $52.78 and a twelve month high of $69.79. The stock has a market cap of $149.77 billion, a P/E ratio of 11.34, a PEG ratio of 1.05 and a beta of 0.59. 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 (NYSE:TTE) last released its quarterly earnings results 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 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 analysts predict that TotalEnergies SE Sponsored ADR will post 8.02 EPS for the current fiscal year.

TotalEnergies 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.