Princeton Global Asset Management LLC Sells 2,828 Shares of TotalEnergies SE Sponsored ADR $TTE

Princeton Global Asset Management LLC reduced its holdings in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) by 7.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,799 shares of the company’s stock after selling 2,828 shares during the quarter. Princeton Global Asset Management LLC’s holdings in TotalEnergies were worth $2,320,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the stock. Inlight Wealth Management LLC bought a new stake in TotalEnergies during the 1st quarter worth approximately $32,000. Costello Asset Management INC bought a new position in TotalEnergies in the 1st quarter worth $32,000. Trust Co. of Toledo NA OH bought a new position in shares of TotalEnergies in the 2nd quarter worth about $34,000. SouthState Corp increased its stake in shares of TotalEnergies by 126.1% in the 1st quarter. SouthState Corp now owns 572 shares of the company’s stock worth $37,000 after acquiring an additional 319 shares in the last quarter. Finally, Arlington Trust Co LLC bought a new stake in TotalEnergies during the 1st quarter valued at about $39,000. Institutional investors own 16.53% of the company’s stock.

Analysts Set New Price Targets

TTE has been the topic of a number of research reports. Weiss Ratings reissued a “hold (c)” rating on shares of TotalEnergies in a report on Wednesday, October 8th. Scotiabank increased their target price on shares of TotalEnergies from $65.00 to $67.00 and gave the stock a “sector perform” rating in a report on Thursday, October 9th. BNP Paribas Exane reissued a “neutral” rating on shares of TotalEnergies in a research report on Tuesday, September 23rd. Piper Sandler increased their price objective on shares of TotalEnergies from $66.00 to $68.00 and gave the company a “neutral” rating in a research report on Monday, August 18th. Finally, BNP Paribas lowered shares of TotalEnergies from an “outperform” rating to a “hold” rating in a research report on Tuesday, September 23rd. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, TotalEnergies has a consensus rating of “Moderate Buy” and an average price target of $64.95.

TotalEnergies Stock Performance

Shares of TTE opened at $61.56 on Monday. TotalEnergies SE Sponsored ADR has a 52-week low of $52.78 and a 52-week high of $65.76. The company has a quick ratio of 0.81, a current ratio of 1.00 and a debt-to-equity ratio of 0.40. The stock has a 50 day moving average price of $61.25 and a 200 day moving average price of $60.29. The company has a market capitalization of $147.60 billion, a price-to-earnings ratio of 11.17, a price-to-earnings-growth ratio of 1.52 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 (EPS) for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.05). The business had revenue of $44.68 billion during the quarter, compared to analyst estimates of $42.44 billion. TotalEnergies had a return on equity of 13.59% and a net margin of 6.20%. Research analysts predict that TotalEnergies SE Sponsored ADR will post 8.02 EPS for the current fiscal 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.