AlphaCore Capital LLC Invests $289,000 in TotalEnergies SE Sponsored ADR $TTE

AlphaCore Capital LLC bought a new stake in TotalEnergies SE Sponsored ADR (NYSE:TTE) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 4,937 shares of the company’s stock, valued at approximately $289,000.

A number of other hedge funds have also bought and sold shares of TTE. Clear Creek Financial Management LLC boosted its holdings in TotalEnergies by 2.8% in the 2nd quarter. Clear Creek Financial Management LLC now owns 6,184 shares of the company’s stock valued at $380,000 after purchasing an additional 169 shares during the period. UMB Bank n.a. raised its position in shares of TotalEnergies by 4.3% in the second quarter. UMB Bank n.a. now owns 4,107 shares of the company’s stock valued at $252,000 after buying an additional 171 shares in the last quarter. Signature Estate & Investment Advisors LLC boosted its stake in shares of TotalEnergies by 2.2% in the second quarter. Signature Estate & Investment Advisors LLC now owns 8,020 shares of the company’s stock valued at $492,000 after buying an additional 173 shares during the period. Cyndeo Wealth Partners LLC increased its stake in TotalEnergies by 0.5% during the 2nd quarter. Cyndeo Wealth Partners LLC now owns 35,125 shares of the company’s stock worth $2,156,000 after acquiring an additional 174 shares during the period. Finally, Dorsey & Whitney Trust CO LLC increased its stake in TotalEnergies by 1.9% during the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 9,814 shares of the company’s stock worth $635,000 after acquiring an additional 185 shares during the period. 16.53% of the stock is owned by institutional investors.

TotalEnergies Trading Down 0.1%

Shares of TTE stock opened at $64.62 on Tuesday. TotalEnergies SE Sponsored ADR has a twelve month low of $52.78 and a twelve month high of $65.76. The stock’s fifty day simple moving average is $61.69 and its 200 day simple moving average is $61.32. The company has a quick ratio of 0.81, a current ratio of 1.00 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $154.93 billion, a P/E ratio of 11.73, a P/E/G ratio of 1.50 and a beta of 0.50.

TotalEnergies (NYSE:TTE) last announced its quarterly 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). The firm had revenue of $43.84 billion for the quarter, compared to analyst estimates of $43.66 billion. TotalEnergies had a net margin of 6.20% and a return on equity of 13.59%. As a group, sell-side analysts predict that TotalEnergies SE Sponsored ADR will post 8.02 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on TTE. Berenberg Bank lowered TotalEnergies from a “buy” rating to a “hold” rating and set a $64.00 target price on the stock. in a report on Thursday, September 25th. Loop Capital set a $73.00 price objective on shares of TotalEnergies in a research note on Monday, November 3rd. Weiss Ratings reissued a “hold (c)” rating on shares of TotalEnergies in a report on Wednesday, October 8th. BNP Paribas cut shares of TotalEnergies from an “outperform” rating to a “hold” rating in a research report on Tuesday, September 23rd. Finally, Piper Sandler increased their price target on shares of TotalEnergies from $69.00 to $70.00 and gave the stock a “neutral” rating in a research report on Monday, November 10th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $66.96.

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.