Venturi Wealth Management LLC Sells 8,464 Shares of TotalEnergies SE Sponsored ADR $TTE

Venturi Wealth Management LLC reduced its position in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) by 31.4% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 18,499 shares of the company’s stock after selling 8,464 shares during the quarter. Venturi Wealth Management LLC’s holdings in TotalEnergies were worth $1,136,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD boosted its holdings in TotalEnergies by 4.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 4,303,052 shares of the company’s stock valued at $278,366,000 after acquiring an additional 169,435 shares during the last quarter. Federated Hermes Inc. boosted its holdings in TotalEnergies by 23.1% in the first quarter. Federated Hermes Inc. now owns 3,552,025 shares of the company’s stock valued at $229,780,000 after acquiring an additional 665,620 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in TotalEnergies by 53.0% in the first quarter. Goldman Sachs Group Inc. now owns 3,232,525 shares of the company’s stock valued at $209,112,000 after acquiring an additional 1,119,406 shares during the last quarter. Raymond James Financial Inc. boosted its holdings in TotalEnergies by 9.9% in the first quarter. Raymond James Financial Inc. now owns 3,146,792 shares of the company’s stock valued at $203,566,000 after acquiring an additional 283,595 shares during the last quarter. Finally, Royal Bank of Canada lifted its stake in TotalEnergies by 6.4% in the first quarter. Royal Bank of Canada now owns 3,104,000 shares of the company’s stock valued at $200,797,000 after buying an additional 186,562 shares during the period. 16.53% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Piper Sandler boosted their price target on TotalEnergies from $66.00 to $68.00 and gave the company a “neutral” rating in a research note on Monday, August 18th. BNP Paribas lowered TotalEnergies from an “outperform” rating to a “hold” rating in a research note on Tuesday, September 23rd. Sanford C. Bernstein raised TotalEnergies from a “market perform” rating to an “outperform” rating in a research note on Monday, June 16th. Royal Bank Of Canada reissued an “outperform” rating on shares of TotalEnergies in a research note on Tuesday, September 30th. Finally, Berenberg Bank lowered TotalEnergies from a “buy” rating to a “hold” rating and set a $64.00 price target on the stock. in a research note on Thursday, September 25th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, TotalEnergies has a consensus rating of “Moderate Buy” and an average target price of $64.45.

TotalEnergies Price Performance

Shares of NYSE:TTE opened at $59.13 on Thursday. 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 SE Sponsored ADR has a twelve month low of $52.78 and a twelve month high of $68.58. The stock’s 50 day moving average is $61.38 and its 200-day moving average is $60.58. The firm has a market capitalization of $141.77 billion, a price-to-earnings ratio of 10.73, a PEG ratio of 1.40 and a beta of 0.53.

TotalEnergies (NYSE:TTE) last announced its quarterly 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). TotalEnergies had a return on equity of 13.59% and a net margin of 6.20%.The company had revenue of $44.68 billion for the quarter, compared to the consensus estimate of $42.44 billion. Sell-side analysts forecast that TotalEnergies SE Sponsored ADR will post 8.02 EPS for the current fiscal year.

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.