Aviso Financial Inc. Raises Stake in TotalEnergies SE Sponsored ADR $TTE

Aviso Financial Inc. boosted its stake in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) by 5.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,700 shares of the company’s stock after buying an additional 2,546 shares during the quarter. Aviso Financial Inc.’s holdings in TotalEnergies were worth $3,051,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Franklin Resources Inc. boosted its holdings in shares of TotalEnergies by 0.9% in the second quarter. Franklin Resources Inc. now owns 5,884,442 shares of the company’s stock valued at $361,246,000 after purchasing an additional 53,307 shares during the period. Price T Rowe Associates Inc. MD raised its position in TotalEnergies by 4.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,303,052 shares of the company’s stock valued at $278,366,000 after purchasing an additional 169,435 shares in the last quarter. Federated Hermes Inc. lifted its holdings in shares of TotalEnergies by 23.1% in the 1st quarter. Federated Hermes Inc. now owns 3,552,025 shares of the company’s stock worth $229,780,000 after buying an additional 665,620 shares during the period. Goldman Sachs Group Inc. grew its position in shares of TotalEnergies by 53.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,232,525 shares of the company’s stock worth $209,112,000 after buying an additional 1,119,406 shares in the last quarter. Finally, Raymond James Financial Inc. increased its stake in shares of TotalEnergies by 9.9% during the first quarter. Raymond James Financial Inc. now owns 3,146,792 shares of the company’s stock valued at $203,566,000 after buying an additional 283,595 shares during the period. 16.53% of the stock is currently owned by institutional investors.

TotalEnergies Trading Down 0.1%

TotalEnergies stock opened at $64.62 on Tuesday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.81 and a current ratio of 1.00. The stock has a market cap of $154.93 billion, a PE ratio of 11.73, a price-to-earnings-growth ratio of 1.50 and a beta of 0.50. The stock has a 50-day moving average of $61.69 and a two-hundred day moving average of $61.32. TotalEnergies SE Sponsored ADR has a one year low of $52.78 and a one year high of $65.76.

TotalEnergies (NYSE:TTE) last announced its quarterly earnings data on Thursday, October 30th. The company reported $1.77 earnings per share for the quarter, missing analysts’ consensus estimates of $1.81 by ($0.04). The company had revenue of $43.84 billion for the quarter, compared to analysts’ expectations of $43.66 billion. TotalEnergies had a net margin of 6.20% and a return on equity of 13.59%. On average, research analysts anticipate that TotalEnergies SE Sponsored ADR will post 8.02 EPS for the current fiscal year.

Analyst Ratings Changes

TTE has been the subject of a number of research reports. Piper Sandler upped their price objective on shares of TotalEnergies from $69.00 to $70.00 and gave the stock a “neutral” rating in a research note on Monday, November 10th. Loop Capital set a $73.00 price target on shares of TotalEnergies in a report on Monday, November 3rd. Royal Bank Of Canada reiterated an “outperform” rating on shares of TotalEnergies in a research note on Tuesday, September 30th. Scotiabank lifted their price objective on shares of TotalEnergies from $65.00 to $67.00 and gave the company a “sector perform” rating in a report on Thursday, October 9th. Finally, BNP Paribas Exane restated a “neutral” rating on shares of TotalEnergies in a report on Tuesday, September 23rd. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target 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.