Allied Investment Advisors LLC Grows Stock Holdings in TotalEnergies SE Sponsored ADR $TTE

Allied Investment Advisors LLC boosted its stake in TotalEnergies SE Sponsored ADR (NYSE:TTE) by 4.4% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 171,238 shares of the company’s stock after purchasing an additional 7,191 shares during the quarter. TotalEnergies comprises approximately 1.8% of Allied Investment Advisors LLC’s holdings, making the stock its 26th largest holding. Allied Investment Advisors LLC’s holdings in TotalEnergies were worth $10,512,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Costello Asset Management INC purchased a new position in shares of TotalEnergies during the first quarter worth $32,000. Trust Co. of Toledo NA OH acquired a new stake in TotalEnergies during the second quarter valued at $34,000. SouthState Corp grew its position in shares of TotalEnergies by 126.1% in the first quarter. SouthState Corp now owns 572 shares of the company’s stock valued at $37,000 after purchasing an additional 319 shares during the period. Arlington Trust Co LLC purchased a new stake in shares of TotalEnergies during the first quarter worth about $39,000. Finally, Brentview Investment Management LLC acquired a new position in shares of TotalEnergies during the first quarter valued at approximately $45,000. 16.53% of the stock is currently owned by institutional investors.

TotalEnergies Price Performance

Shares of TTE opened at $62.17 on Friday. TotalEnergies SE Sponsored ADR has a fifty-two week low of $52.78 and a fifty-two week high of $65.76. The firm’s 50 day moving average price is $61.28 and its 200 day moving average price is $60.44. The company has a market cap of $149.05 billion, a P/E ratio of 11.28, a PEG ratio of 1.51 and a beta of 0.53. The company has a quick ratio of 0.81, a current ratio of 1.00 and a debt-to-equity ratio of 0.40.

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 return on equity of 13.59% and a net margin of 6.20%.The business had revenue of $44.68 billion for the quarter, compared to analysts’ expectations of $42.44 billion. On average, research analysts forecast that TotalEnergies SE Sponsored ADR will post 8.02 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have commented on TTE. BNP Paribas Exane reissued a “neutral” rating on shares of TotalEnergies in a report on Tuesday, September 23rd. BNP Paribas lowered shares of TotalEnergies from an “outperform” rating to a “hold” rating in a research 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 target on the stock. in a research report on Thursday, September 25th. Scotiabank lifted their target price on shares of TotalEnergies from $65.00 to $67.00 and gave the stock a “sector perform” rating in a research note on Thursday, October 9th. Finally, Piper Sandler reaffirmed a “neutral” rating and set a $69.00 target price on shares of TotalEnergies in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $65.20.

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.