TotalEnergies SE Sponsored ADR $TTE Shares Purchased by AE Wealth Management LLC

AE Wealth Management LLC lifted its stake in TotalEnergies SE Sponsored ADR (NYSE:TTE) by 4.9% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 21,458 shares of the company’s stock after buying an additional 1,005 shares during the quarter. AE Wealth Management LLC’s holdings in TotalEnergies were worth $1,317,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. KCM Investment Advisors LLC lifted its stake in TotalEnergies by 19.3% in the 2nd quarter. KCM Investment Advisors LLC now owns 3,943 shares of the company’s stock valued at $242,000 after buying an additional 639 shares in the last quarter. Wedbush Securities Inc. grew its position in TotalEnergies by 6.4% in the second quarter. Wedbush Securities Inc. now owns 3,579 shares of the company’s stock worth $220,000 after acquiring an additional 214 shares during the period. Savant Capital LLC lifted its position in TotalEnergies by 60.8% in the second quarter. Savant Capital LLC now owns 22,637 shares of the company’s stock valued at $1,390,000 after buying an additional 8,556 shares during the last quarter. Cetera Trust Company N.A increased its holdings in TotalEnergies by 5.5% in the 2nd quarter. Cetera Trust Company N.A now owns 4,315 shares of the company’s stock valued at $265,000 after purchasing an additional 225 shares during the last quarter. Finally, First Horizon Advisors Inc. boosted its holdings in TotalEnergies by 17.5% during the 2nd quarter. First Horizon Advisors Inc. now owns 2,429 shares of the company’s stock valued at $149,000 after acquiring an additional 361 shares during the period. Institutional investors and hedge funds own 16.53% of the company’s stock.

TotalEnergies Stock Performance

TotalEnergies stock opened at $63.89 on Thursday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.00 and a quick ratio of 0.81. TotalEnergies SE Sponsored ADR has a 12 month low of $52.78 and a 12 month high of $65.76. The stock’s 50-day moving average is $61.19 and its 200-day moving average is $60.92. The company has a market cap of $153.20 billion, a price-to-earnings ratio of 11.60, a price-to-earnings-growth ratio of 1.50 and a beta of 0.50.

TotalEnergies (NYSE:TTE) last issued its earnings results on Thursday, October 30th. The company reported $1.77 EPS 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 business had revenue of $43.84 billion during the quarter, compared to analysts’ expectations of $43.66 billion. Equities analysts anticipate that TotalEnergies SE Sponsored ADR will post 8.02 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on TTE shares. Dbs Bank downgraded TotalEnergies from a “moderate buy” rating to a “hold” rating in a report on Thursday, November 6th. 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 restated an “outperform” rating on shares of TotalEnergies in a research report on Tuesday, September 30th. BNP Paribas Exane reaffirmed a “neutral” rating on shares of TotalEnergies in a research note on Tuesday, September 23rd. Finally, Scotiabank boosted their price objective on shares of TotalEnergies from $65.00 to $67.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 9th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $66.96.

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.