TotalEnergies SE Sponsored ADR $TTE Stock Position Lifted by Whipplewood Advisors LLC

Whipplewood Advisors LLC grew its position in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) by 9,420.0% during the second quarter, HoldingsChannel reports. The institutional investor owned 1,428 shares of the company’s stock after buying an additional 1,413 shares during the quarter. Whipplewood Advisors LLC’s holdings in TotalEnergies were worth $88,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Costello Asset Management INC bought a new stake in shares of TotalEnergies in the 1st quarter worth approximately $32,000. Trust Co. of Toledo NA OH bought a new stake in shares of TotalEnergies in the 2nd quarter worth approximately $34,000. SouthState Corp lifted its holdings in shares of TotalEnergies by 126.1% in 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 shares of TotalEnergies in the 1st quarter worth approximately $39,000. Finally, Brentview Investment Management LLC bought a new stake in shares of TotalEnergies in the 1st quarter worth approximately $45,000. Institutional investors own 16.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Berenberg Bank downgraded TotalEnergies from a “buy” rating to a “hold” rating and set a $64.00 price target on the stock. in a report on Thursday, September 25th. Scotiabank raised their price target on TotalEnergies from $65.00 to $67.00 and gave the stock a “sector perform” rating in a report on Thursday, October 9th. BNP Paribas Exane reissued a “neutral” rating on shares of TotalEnergies in a report on Tuesday, September 23rd. Royal Bank Of Canada reissued an “outperform” rating on shares of TotalEnergies in a report on Tuesday, September 30th. Finally, Weiss Ratings reaffirmed 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 assigned a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, TotalEnergies currently has an average rating of “Moderate Buy” and a consensus target price of $65.20.

TotalEnergies Stock Down 0.7%

Shares of TotalEnergies stock opened at $62.17 on Monday. The business’s fifty day moving average price is $61.28 and its two-hundred day moving average price is $60.52. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.00 and a quick ratio of 0.81. The company 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 1-year low of $52.78 and a 1-year high of $65.76.

TotalEnergies (NYSE:TTE) last announced its earnings results on Thursday, July 24th. The company reported $1.57 earnings per share 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 for the quarter, compared to the consensus estimate of $42.44 billion. As a group, research analysts forecast that TotalEnergies SE Sponsored ADR will post 8.02 EPS for the current year.

TotalEnergies Company 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.