Cohen Investment Advisors LLC Has $421,000 Stock Holdings in TotalEnergies SE Sponsored ADR $TTE

Cohen Investment Advisors LLC cut its holdings in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) by 5.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,850 shares of the company’s stock after selling 376 shares during the period. Cohen Investment Advisors LLC’s holdings in TotalEnergies were worth $421,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in TTE. Price T Rowe Associates Inc. MD raised its holdings 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 worth $278,366,000 after purchasing an additional 169,435 shares during the last quarter. Federated Hermes Inc. raised its holdings in TotalEnergies by 23.1% during the 1st quarter. Federated Hermes Inc. now owns 3,552,025 shares of the company’s stock worth $229,780,000 after purchasing an additional 665,620 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in 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 purchasing an additional 1,119,406 shares during the last quarter. Raymond James Financial Inc. raised its holdings in TotalEnergies by 9.9% during the 1st quarter. Raymond James Financial Inc. now owns 3,146,792 shares of the company’s stock worth $203,566,000 after purchasing an additional 283,595 shares during the last quarter. Finally, Royal Bank of Canada raised its holdings in TotalEnergies by 6.4% during the 1st quarter. Royal Bank of Canada now owns 3,104,000 shares of the company’s stock worth $200,797,000 after purchasing an additional 186,562 shares during the last quarter. 16.53% of the stock is currently owned by institutional investors and hedge funds.

TotalEnergies Stock Performance

NYSE TTE opened at $59.13 on Thursday. The company has a fifty day simple moving average of $61.38 and a 200 day simple moving average of $60.58. TotalEnergies SE Sponsored ADR has a 12-month low of $52.78 and a 12-month high of $68.58. The company has a current ratio of 1.00, a quick ratio of 0.81 and a debt-to-equity ratio of 0.40. The company has a market cap of $141.77 billion, a P/E ratio of 10.73, a PEG ratio of 1.40 and a beta of 0.53.

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

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Sanford C. Bernstein upgraded shares of TotalEnergies from a “market perform” rating to an “outperform” rating in a report on Monday, June 16th. Royal Bank Of Canada restated an “outperform” rating on shares of TotalEnergies in a report on Tuesday, September 30th. BNP Paribas Exane restated a “neutral” rating on shares of TotalEnergies in a report on Tuesday, September 23rd. Berenberg Bank lowered 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. Finally, Scotiabank set a $65.00 price objective on shares of TotalEnergies and gave the company a “sector perform” rating in a research note on Friday, July 11th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $64.45.

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.