TotalEnergies SE Sponsored ADR $TTE Shares Sold by Cullen Frost Bankers Inc.

Cullen Frost Bankers Inc. reduced its stake in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) by 37.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,401 shares of the company’s stock after selling 1,454 shares during the period. Cullen Frost Bankers Inc.’s holdings in TotalEnergies were worth $147,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Costello Asset Management INC purchased a new stake in TotalEnergies during the 1st quarter valued at about $32,000. Trust Co. of Toledo NA OH acquired a new position in TotalEnergies in the 2nd quarter valued at about $34,000. SouthState Corp lifted its holdings in shares of TotalEnergies by 126.1% in the 1st quarter. SouthState Corp now owns 572 shares of the company’s stock worth $37,000 after acquiring an additional 319 shares during the last quarter. Arlington Trust Co LLC acquired a new position in shares of TotalEnergies in the 1st quarter worth approximately $39,000. Finally, Brentview Investment Management LLC acquired a new position in shares of TotalEnergies in the 1st quarter worth approximately $45,000. Hedge funds and other institutional investors own 16.53% of the company’s stock.

TotalEnergies Stock Down 0.7%

TTE stock opened at $62.17 on Friday. 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 fifty-two week low of $52.78 and a fifty-two week high of $65.76. The firm’s 50-day simple moving average is $61.28 and its 200 day simple moving average is $60.49. The stock has a market cap of $149.05 billion, a PE ratio of 11.28, a price-to-earnings-growth ratio of 1.50 and a beta of 0.53.

TotalEnergies (NYSE:TTE) last announced its earnings results on Thursday, July 24th. The company reported $1.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.05). TotalEnergies had a net margin of 6.20% and a return on equity of 13.59%. The company had revenue of $44.68 billion during the quarter, compared to the consensus estimate of $42.44 billion. As a group, sell-side analysts predict that TotalEnergies SE Sponsored ADR will post 8.02 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Piper Sandler restated a “neutral” rating and issued a $69.00 price objective on shares of TotalEnergies in a report on Monday, October 20th. BNP Paribas cut shares of TotalEnergies from an “outperform” rating to a “hold” rating in a research note on Tuesday, September 23rd. Berenberg Bank cut shares of TotalEnergies from a “buy” rating to a “hold” rating and set a $64.00 price objective for the company. in a research note on Thursday, September 25th. Royal Bank Of Canada restated an “outperform” rating on shares of TotalEnergies in a report on Tuesday, September 30th. Finally, Scotiabank boosted their price objective on shares of TotalEnergies from $65.00 to $67.00 and gave the company a “sector perform” rating in a research report on Thursday, October 9th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, TotalEnergies has an average rating of “Moderate Buy” and an average target price of $65.20.

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.