New Wave Wealth Advisors LLC Lowers Stake in TotalEnergies SE Sponsored ADR $TTE

New Wave Wealth Advisors LLC reduced its holdings in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) by 4.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,520 shares of the company’s stock after selling 210 shares during the period. New Wave Wealth Advisors LLC’s holdings in TotalEnergies were worth $277,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. HighTower Advisors LLC raised its holdings in TotalEnergies by 2.5% in the first quarter. HighTower Advisors LLC now owns 768,826 shares of the company’s stock worth $49,735,000 after buying an additional 19,043 shares during the last quarter. Sowell Financial Services LLC purchased a new position in TotalEnergies in the first quarter worth about $280,000. Leo Wealth LLC raised its holdings in TotalEnergies by 106.7% in the first quarter. Leo Wealth LLC now owns 20,931 shares of the company’s stock worth $1,354,000 after buying an additional 10,805 shares during the last quarter. Banco Santander S.A. raised its holdings in TotalEnergies by 26.1% in the first quarter. Banco Santander S.A. now owns 66,888 shares of the company’s stock worth $4,327,000 after buying an additional 13,850 shares during the last quarter. Finally, Fred Alger Management LLC raised its holdings 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 buying an additional 6,044 shares during the last quarter. 16.53% of the stock is owned by hedge funds and other institutional investors.

TotalEnergies Stock Performance

Shares of TTE stock opened at $60.35 on Thursday. The company has a 50 day moving average price of $61.49 and a 200-day moving average price of $60.72. TotalEnergies SE Sponsored ADR has a 52 week low of $52.78 and a 52 week high of $69.79. The firm has a market capitalization of $144.69 billion, a PE ratio of 10.95, a P/E/G ratio of 1.42 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 (EPS) for the quarter, missing the consensus estimate of $1.62 by ($0.05). The business had revenue of $44.68 billion for the quarter, compared to the consensus estimate of $42.44 billion. TotalEnergies had a net margin of 6.20% and a return on equity of 13.59%. As a group, equities research analysts expect that TotalEnergies SE Sponsored ADR will post 8.02 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have issued reports on TTE. Piper Sandler lifted their target price on shares of TotalEnergies from $66.00 to $68.00 and gave the stock a “neutral” rating in a report on Monday, August 18th. BNP Paribas Exane reiterated a “neutral” rating on shares of TotalEnergies in a research note on Tuesday, September 23rd. Sanford C. Bernstein upgraded shares of TotalEnergies from a “market perform” rating to an “outperform” rating in a research note on Monday, June 16th. Scotiabank set a $65.00 price target on shares of TotalEnergies and gave the stock a “sector perform” rating in a research note on Friday, July 11th. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of TotalEnergies in a research note on Tuesday. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $64.45.

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.