Foster & Motley Inc. Sells 485 Shares of TotalEnergies SE Sponsored ADR $TTE

Foster & Motley Inc. trimmed its position in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) by 1.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 35,697 shares of the company’s stock after selling 485 shares during the quarter. Foster & Motley Inc.’s holdings in TotalEnergies were worth $2,191,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in TTE. GAMMA Investing LLC grew its stake in TotalEnergies by 16.9% during the first quarter. GAMMA Investing LLC now owns 3,455 shares of the company’s stock worth $224,000 after buying an additional 499 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of TotalEnergies by 34.5% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 71,856 shares of the company’s stock worth $4,648,000 after purchasing an additional 18,446 shares in the last quarter. Sowell Financial Services LLC acquired a new position in shares of TotalEnergies during the first quarter worth approximately $280,000. Institute for Wealth Management LLC. acquired a new position in shares of TotalEnergies during the first quarter worth approximately $219,000. Finally, Blue Trust Inc. lifted its position in shares of TotalEnergies by 23.9% during the first quarter. Blue Trust Inc. now owns 15,130 shares of the company’s stock worth $979,000 after purchasing an additional 2,920 shares in the last quarter. 16.53% of the stock is owned by institutional investors.

TotalEnergies Trading Up 1.9%

Shares of NYSE TTE opened at $61.56 on Friday. The company’s 50 day simple moving average is $61.25 and its 200 day simple moving average is $60.30. TotalEnergies SE Sponsored ADR has a fifty-two week low of $52.78 and a fifty-two week high of $65.76. The firm has a market capitalization of $147.60 billion, a P/E ratio of 11.17, a P/E/G ratio of 1.43 and a beta of 0.53. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.00 and a quick ratio of 0.81.

TotalEnergies (NYSE:TTE) last announced its quarterly earnings data 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 during the quarter, compared to analyst estimates of $42.44 billion. On average, analysts predict that TotalEnergies SE Sponsored ADR will post 8.02 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on TTE shares. Scotiabank upped their target price on shares of TotalEnergies from $65.00 to $67.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of TotalEnergies in a research report on Wednesday, October 8th. BNP Paribas lowered shares of TotalEnergies from an “outperform” rating to a “hold” rating in a research report on Tuesday, September 23rd. Royal Bank Of Canada reiterated an “outperform” rating on shares of TotalEnergies in a research report on Tuesday, September 30th. Finally, Piper Sandler upped their target price on shares of TotalEnergies from $66.00 to $68.00 and gave the stock a “neutral” rating in a research report on Monday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, TotalEnergies presently has an average rating of “Moderate Buy” and a consensus target price of $64.95.

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.