Robertson Stephens Wealth Management LLC Sells 5,247 Shares of TotalEnergies SE Sponsored ADR $TTE

Robertson Stephens Wealth Management LLC lowered its stake in TotalEnergies SE Sponsored ADR (NYSE:TTE) by 38.6% during the second quarter, HoldingsChannel.com reports. The firm owned 8,348 shares of the company’s stock after selling 5,247 shares during the period. Robertson Stephens Wealth Management LLC’s holdings in TotalEnergies were worth $521,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the stock. Cyndeo Wealth Partners LLC lifted its stake in shares of TotalEnergies by 0.5% in the 2nd quarter. Cyndeo Wealth Partners LLC now owns 35,125 shares of the company’s stock valued at $2,156,000 after purchasing an additional 174 shares during the period. Callan Family Office LLC lifted its stake in shares of TotalEnergies by 113.0% in the 2nd quarter. Callan Family Office LLC now owns 57,376 shares of the company’s stock valued at $3,522,000 after purchasing an additional 30,433 shares during the period. Blair William & Co. IL lifted its stake in shares of TotalEnergies by 11.1% in the 2nd quarter. Blair William & Co. IL now owns 75,227 shares of the company’s stock valued at $4,618,000 after purchasing an additional 7,512 shares during the period. Leo Wealth LLC lifted its stake in shares of TotalEnergies by 14.3% in the 2nd quarter. Leo Wealth LLC now owns 23,927 shares of the company’s stock valued at $1,469,000 after purchasing an additional 2,996 shares during the period. Finally, Columbus Macro LLC lifted its stake in shares of TotalEnergies by 1.4% in the 2nd quarter. Columbus Macro LLC now owns 38,945 shares of the company’s stock valued at $2,391,000 after purchasing an additional 538 shares during the period. Institutional investors and hedge funds own 16.53% of the company’s stock.

Analyst Ratings Changes

TTE has been the topic of a number of analyst reports. Sanford C. Bernstein raised TotalEnergies from a “market perform” rating to an “outperform” rating in a research note on Monday, June 16th. Piper Sandler increased 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. Royal Bank Of Canada reissued an “outperform” rating on shares of TotalEnergies in a research note on Tuesday, September 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of TotalEnergies in a research note on Wednesday. Finally, BNP Paribas downgraded TotalEnergies from an “outperform” rating to a “hold” rating in a research note on Tuesday, September 23rd. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $64.95.

TotalEnergies Stock Performance

Shares of TotalEnergies stock opened at $57.47 on Friday. The company has a market capitalization of $137.79 billion, a PE ratio of 10.43, a PEG ratio of 1.35 and a beta of 0.53. TotalEnergies SE Sponsored ADR has a 12 month low of $52.78 and a 12 month high of $68.58. The company has a current ratio of 1.00, a quick ratio of 0.81 and a debt-to-equity ratio of 0.40. The stock’s fifty day simple moving average is $61.33 and its 200 day simple moving average is $60.48.

TotalEnergies (NYSE:TTE) last issued its quarterly earnings data on Thursday, July 24th. The company reported $1.57 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 business had revenue of $44.68 billion for the quarter, compared to analyst estimates of $42.44 billion. On average, research analysts predict that TotalEnergies SE Sponsored ADR will post 8.02 EPS for the current year.

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.