Koshinski Asset Management Inc. Acquires 624 Shares of TotalEnergies SE Sponsored ADR $TTE

Koshinski Asset Management Inc. increased its holdings in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) by 15.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,610 shares of the company’s stock after buying an additional 624 shares during the period. Koshinski Asset Management Inc.’s holdings in TotalEnergies were worth $283,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Mutual Advisors LLC raised its stake in shares of TotalEnergies by 11.6% during the second quarter. Mutual Advisors LLC now owns 10,291 shares of the company’s stock worth $624,000 after buying an additional 1,070 shares during the last quarter. Sagespring Wealth Partners LLC raised its stake in shares of TotalEnergies by 7.5% during the second quarter. Sagespring Wealth Partners LLC now owns 14,740 shares of the company’s stock worth $905,000 after buying an additional 1,025 shares during the last quarter. TD Asset Management Inc raised its stake in shares of TotalEnergies by 0.6% during the second quarter. TD Asset Management Inc now owns 208,280 shares of the company’s stock worth $12,786,000 after buying an additional 1,169 shares during the last quarter. Moran Wealth Management LLC raised its stake in shares of TotalEnergies by 3.4% during the second quarter. Moran Wealth Management LLC now owns 97,754 shares of the company’s stock worth $6,001,000 after buying an additional 3,182 shares during the last quarter. Finally, Verdence Capital Advisors LLC raised its stake in shares of TotalEnergies by 0.6% during the second quarter. Verdence Capital Advisors LLC now owns 34,017 shares of the company’s stock worth $2,088,000 after buying an additional 196 shares during the last quarter. 16.53% of the stock is owned by institutional investors.

TotalEnergies Stock Down 0.8%

Shares of TTE stock opened at $61.08 on Tuesday. The firm has a fifty day moving average of $61.25 and a 200-day moving average of $60.32. 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 12-month low of $52.78 and a 12-month high of $65.76. The company has a market capitalization of $146.44 billion, a price-to-earnings ratio of 11.08, a P/E/G ratio of 1.52 and a beta of 0.53.

TotalEnergies (NYSE:TTE) last issued its quarterly earnings data 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. As a group, equities research analysts predict that TotalEnergies SE Sponsored ADR will post 8.02 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

TTE has been the subject of a number of recent research reports. Scotiabank boosted their price target on shares of TotalEnergies from $65.00 to $67.00 and gave the stock a “sector perform” rating in a research note on Thursday, October 9th. Berenberg Bank downgraded shares of TotalEnergies from a “buy” rating to a “hold” rating and set a $64.00 target price for the company. in a research note on Thursday, September 25th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of TotalEnergies in a research note on Wednesday, October 8th. BNP Paribas Exane reaffirmed a “neutral” rating on shares of TotalEnergies in a research note on Tuesday, September 23rd. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of TotalEnergies in a research note on Tuesday, September 30th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $65.20.

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.