Cullen Frost Bankers Inc. Sells 1,454 Shares of TotalEnergies SE Sponsored ADR $TTE

Cullen Frost Bankers Inc. lowered its stake in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) by 37.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,401 shares of the company’s stock after selling 1,454 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in TotalEnergies were worth $147,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Costello Asset Management INC acquired a new stake in shares of TotalEnergies in the 1st quarter valued at $32,000. Trust Co. of Toledo NA OH bought a new stake in TotalEnergies during the 2nd quarter worth about $34,000. SouthState Corp raised its holdings in TotalEnergies by 126.1% during the 1st quarter. SouthState Corp now owns 572 shares of the company’s stock worth $37,000 after purchasing an additional 319 shares during the last quarter. Arlington Trust Co LLC bought a new stake in TotalEnergies during the 1st quarter worth about $39,000. Finally, Brentview Investment Management LLC bought a new stake in shares of TotalEnergies in the 1st quarter valued at about $45,000. Institutional investors and hedge funds own 16.53% of the company’s stock.

Analysts Set New Price Targets

TTE has been the subject of a number of research reports. BNP Paribas Exane reissued a “neutral” rating on shares of TotalEnergies in a research note on Tuesday, September 23rd. Piper Sandler reaffirmed a “neutral” rating and set a $69.00 price target on shares of TotalEnergies in a report on Monday, October 20th. Berenberg Bank downgraded TotalEnergies from a “buy” rating to a “hold” rating and set a $64.00 target price for the company. in a report on Thursday, September 25th. Scotiabank lifted their target price on TotalEnergies from $65.00 to $67.00 and gave the company a “sector perform” rating in a research report on Thursday, October 9th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of TotalEnergies in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, TotalEnergies presently has a consensus rating of “Moderate Buy” and an average target price of $65.20.

TotalEnergies Trading Down 0.7%

NYSE TTE opened at $62.17 on Friday. 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 firm has a market capitalization of $149.05 billion, a P/E ratio of 11.28, a PEG ratio of 1.50 and a beta of 0.53. TotalEnergies SE Sponsored ADR has a 12 month low of $52.78 and a 12 month high of $65.76. The business has a fifty day simple moving average of $61.28 and a 200 day simple moving average of $60.49.

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

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.