TotalEnergies SE Sponsored ADR $TTE Shares Purchased by Cullen Capital Management LLC

Cullen Capital Management LLC boosted its holdings in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) by 10.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 252,335 shares of the company’s stock after buying an additional 23,238 shares during the quarter. Cullen Capital Management LLC’s holdings in TotalEnergies were worth $15,491,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Caldwell Trust Co purchased a new stake in shares of TotalEnergies during the second quarter worth $73,000. Valeo Financial Advisors LLC grew its stake in TotalEnergies by 3.8% during the 2nd quarter. Valeo Financial Advisors LLC now owns 10,234 shares of the company’s stock worth $628,000 after purchasing an additional 379 shares in the last quarter. Osaic Holdings Inc. grew its stake in TotalEnergies by 4.9% during the 2nd quarter. Osaic Holdings Inc. now owns 68,735 shares of the company’s stock worth $4,220,000 after purchasing an additional 3,182 shares in the last quarter. Orion Porfolio Solutions LLC increased its holdings in TotalEnergies by 16.4% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 71,962 shares of the company’s stock worth $4,418,000 after purchasing an additional 10,147 shares during the period. Finally, Thrivent Financial for Lutherans acquired a new stake in TotalEnergies in the 2nd quarter valued at about $549,000. Hedge funds and other institutional investors own 16.53% of the company’s stock.

TotalEnergies Stock Up 0.4%

TTE stock opened at $65.68 on Monday. The company’s 50 day moving average is $62.95 and its two-hundred day moving average is $62.00. TotalEnergies SE Sponsored ADR has a twelve month low of $52.78 and a twelve month high of $66.92. The company has a current ratio of 1.01, a quick ratio of 0.82 and a debt-to-equity ratio of 0.42. The stock has a market cap of $157.48 billion, a P/E ratio of 10.61, a PEG ratio of 3.48 and a beta of 0.22.

TotalEnergies (NYSE:TTE) last posted its earnings results on Monday, November 3rd. 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 6.98% and a return on equity of 13.54%. The company had revenue of $87.69 billion during the quarter, compared to analysts’ expectations of $43.66 billion. Research analysts expect that TotalEnergies SE Sponsored ADR will post 8.02 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Royal Bank Of Canada reissued an “outperform” rating on shares of TotalEnergies in a research report on Tuesday, September 30th. Dbs Bank cut shares of TotalEnergies from a “moderate buy” rating to a “hold” rating in a report on Thursday, November 6th. Weiss Ratings restated a “hold (c)” rating on shares of TotalEnergies in a report on Wednesday, October 8th. Loop Capital set a $73.00 price objective on shares of TotalEnergies in a research report on Monday, November 3rd. Finally, Piper Sandler boosted their target price 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. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus 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.