TotalEnergies SE Sponsored ADR $TTE Shares Acquired by Augustine Asset Management Inc.

Augustine Asset Management Inc. lifted its stake in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) by 0.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 92,316 shares of the company’s stock after acquiring an additional 677 shares during the quarter. TotalEnergies comprises about 1.5% of Augustine Asset Management Inc.’s investment portfolio, making the stock its 12th biggest holding. Augustine Asset Management Inc.’s holdings in TotalEnergies were worth $5,667,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in TTE. Jefferies Financial Group Inc. acquired a new position in shares of TotalEnergies during the fourth quarter valued at approximately $257,000. Wealth Enhancement Advisory Services LLC grew its position in TotalEnergies by 1.6% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 53,410 shares of the company’s stock worth $2,911,000 after buying an additional 832 shares during the last quarter. Confluence Investment Management LLC grew its position in TotalEnergies by 11.3% in the first quarter. Confluence Investment Management LLC now owns 12,679 shares of the company’s stock worth $820,000 after buying an additional 1,291 shares during the last quarter. Marcum Wealth LLC grew its position in TotalEnergies by 32.7% in the first quarter. Marcum Wealth LLC now owns 5,734 shares of the company’s stock worth $371,000 after buying an additional 1,413 shares during the last quarter. Finally, Versant Capital Management Inc grew its position in TotalEnergies by 1,105.0% in the first quarter. Versant Capital Management Inc now owns 9,917 shares of the company’s stock worth $642,000 after buying an additional 9,094 shares during the last quarter. Institutional investors and hedge funds own 16.53% of the company’s stock.

Analyst Ratings Changes

TTE has been the topic of several recent research reports. BNP Paribas lowered shares of TotalEnergies from an “outperform” rating to a “hold” rating in a research report on Tuesday. Sanford C. Bernstein upgraded shares of TotalEnergies from a “market perform” rating to an “outperform” rating in a research report on Monday, June 16th. Piper Sandler lifted their price target 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. Scotiabank set a $65.00 price target on shares of TotalEnergies and gave the stock a “sector perform” rating in a research report on Friday, July 11th. Finally, BNP Paribas Exane restated a “neutral” rating on shares of TotalEnergies in a research report on Tuesday. Three investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, TotalEnergies presently has a consensus rating of “Moderate Buy” and a consensus price target of $64.45.

TotalEnergies Trading Up 1.3%

NYSE TTE opened at $63.24 on Friday. TotalEnergies SE Sponsored ADR has a twelve month low of $52.78 and a twelve month high of $69.79. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.81 and a current ratio of 1.00. The stock has a market cap of $151.63 billion, a price-to-earnings ratio of 11.48, a PEG ratio of 1.07 and a beta of 0.59. The firm’s 50 day moving average price is $61.57 and its two-hundred day moving average price is $60.75.

TotalEnergies (NYSE:TTE) last posted 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). The firm had revenue of $44.68 billion for the quarter, compared to analysts’ expectations of $42.44 billion. TotalEnergies had a return on equity of 13.59% and a net margin of 6.20%. Equities analysts anticipate that TotalEnergies SE Sponsored ADR will post 8.02 EPS for the current 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.