TD Asset Management Inc Increases Stock Holdings in TotalEnergies SE Sponsored ADR $TTE

TD Asset Management Inc increased its holdings in TotalEnergies SE Sponsored ADR (NYSE:TTE) by 0.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 208,280 shares of the company’s stock after acquiring an additional 1,169 shares during the quarter. TD Asset Management Inc’s holdings in TotalEnergies were worth $12,786,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Inlight Wealth Management LLC purchased a new stake in TotalEnergies in the first quarter worth $32,000. Costello Asset Management INC purchased a new stake in TotalEnergies in the first quarter worth $32,000. Trust Co. of Toledo NA OH purchased a new stake in TotalEnergies in the second quarter worth $34,000. SouthState Corp lifted its stake in TotalEnergies by 126.1% in the first quarter. SouthState Corp now owns 572 shares of the company’s stock worth $37,000 after acquiring an additional 319 shares during the period. Finally, Arlington Trust Co LLC purchased a new stake in TotalEnergies in the first quarter worth $39,000. Hedge funds and other institutional investors own 16.53% of the company’s stock.

TotalEnergies Price Performance

Shares of NYSE:TTE opened at $61.56 on Friday. TotalEnergies SE Sponsored ADR has a 1-year low of $52.78 and a 1-year high of $65.76. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.00 and a quick ratio of 0.81. The business has a fifty day moving average price of $61.25 and a 200-day moving average price of $60.30. The company has a market capitalization of $147.60 billion, a PE ratio of 11.17, a PEG ratio of 1.43 and a beta of 0.53.

TotalEnergies (NYSE:TTE) last issued its quarterly earnings results 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 company had revenue of $44.68 billion for the quarter, compared to the consensus estimate of $42.44 billion. As a group, equities analysts expect that TotalEnergies SE Sponsored ADR will post 8.02 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently commented on TTE. Berenberg Bank lowered TotalEnergies from a “buy” rating to a “hold” rating and set a $64.00 price target for the company. in a research note on Thursday, September 25th. BNP Paribas downgraded TotalEnergies from an “outperform” rating to a “hold” rating in a report on Tuesday, September 23rd. Royal Bank Of Canada reiterated an “outperform” rating on shares of TotalEnergies in a report on Tuesday, September 30th. Scotiabank increased their price objective on TotalEnergies from $65.00 to $67.00 and gave the stock a “sector perform” rating in a report on Thursday, October 9th. Finally, Piper Sandler increased their price objective on TotalEnergies from $66.00 to $68.00 and gave the stock a “neutral” rating in a report on Monday, August 18th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, TotalEnergies presently has a consensus rating of “Moderate Buy” and an average target price of $64.95.

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.