TotalEnergies SE Sponsored ADR $TTE Shares Sold by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC lowered its position in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) by 8.3% in the second quarter, Holdings Channel reports. The institutional investor owned 12,784 shares of the company’s stock after selling 1,161 shares during the period. Kingsview Wealth Management LLC’s holdings in TotalEnergies were worth $785,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bank of New York Mellon Corp increased its position in TotalEnergies by 8.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 694,560 shares of the company’s stock worth $42,639,000 after purchasing an additional 54,269 shares during the period. HighTower Advisors LLC boosted its stake in shares of TotalEnergies by 2.5% in the first quarter. HighTower Advisors LLC now owns 768,826 shares of the company’s stock valued at $49,735,000 after buying an additional 19,043 shares in the last quarter. U S Global Investors Inc. boosted its stake in shares of TotalEnergies by 275.0% in the second quarter. U S Global Investors Inc. now owns 15,000 shares of the company’s stock valued at $921,000 after buying an additional 11,000 shares in the last quarter. Banco Santander S.A. grew its holdings in TotalEnergies by 26.1% during the first quarter. Banco Santander S.A. now owns 66,888 shares of the company’s stock worth $4,327,000 after acquiring an additional 13,850 shares during the period. Finally, Fred Alger Management LLC raised its position in TotalEnergies by 8.1% in the first quarter. Fred Alger Management LLC now owns 80,432 shares of the company’s stock worth $5,260,000 after acquiring an additional 6,044 shares in the last quarter. Hedge funds and other institutional investors own 16.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. 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 report on Monday, November 10th. Dbs Bank downgraded shares of TotalEnergies from a “moderate buy” rating to a “hold” rating in a report on Thursday, November 6th. Loop Capital set a $73.00 target price on shares of TotalEnergies in a research report on Monday, November 3rd. BNP Paribas downgraded shares of TotalEnergies from an “outperform” rating to a “hold” rating in a research report on Tuesday, September 23rd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of TotalEnergies in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, TotalEnergies has a consensus rating of “Moderate Buy” and a consensus target price of $66.96.

TotalEnergies Stock Performance

NYSE:TTE opened at $63.43 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 company has a market capitalization of $152.09 billion, a P/E ratio of 11.51, a price-to-earnings-growth ratio of 1.50 and a beta of 0.50. The firm has a 50-day moving average price of $61.57 and a two-hundred day moving average price of $61.17. TotalEnergies SE Sponsored ADR has a twelve month low of $52.78 and a twelve month high of $65.76.

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