TotalEnergies SE Sponsored ADR $TTE Shares Sold by Garland Capital Management Inc.

Garland Capital Management Inc. decreased its position in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) by 69.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,942 shares of the company’s stock after selling 31,295 shares during the period. TotalEnergies accounts for approximately 2.7% of Garland Capital Management Inc.’s portfolio, making the stock its 23rd biggest holding. Garland Capital Management Inc.’s holdings in TotalEnergies were worth $856,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in TTE. Costello Asset Management INC acquired a new position in TotalEnergies during the first quarter worth approximately $32,000. Trust Co. of Toledo NA OH acquired a new position in TotalEnergies during the second quarter worth approximately $34,000. SouthState Corp increased its position in TotalEnergies by 126.1% during the first quarter. SouthState Corp now owns 572 shares of the company’s stock worth $37,000 after buying an additional 319 shares during the period. Arlington Trust Co LLC acquired a new position in TotalEnergies during the first quarter worth approximately $39,000. Finally, Brentview Investment Management LLC acquired a new position in TotalEnergies during the first quarter worth approximately $45,000. Institutional investors and hedge funds own 16.53% of the company’s stock.

TotalEnergies Trading Down 0.7%

Shares of TTE stock opened at $62.17 on Monday. The company has a current ratio of 1.00, a quick ratio of 0.81 and a debt-to-equity ratio of 0.40. TotalEnergies SE Sponsored ADR has a twelve month low of $52.78 and a twelve month high of $65.76. The company has a market capitalization of $149.05 billion, a P/E ratio of 11.28, a price-to-earnings-growth ratio of 1.50 and a beta of 0.53. The business’s 50 day moving average is $61.28 and its two-hundred day moving average is $60.52.

TotalEnergies (NYSE:TTE) last posted its quarterly earnings results on Thursday, July 24th. The company reported $1.57 earnings per share for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.05). TotalEnergies had a net margin of 6.20% and a return on equity of 13.59%. The business had revenue of $44.68 billion during the quarter, compared to analysts’ expectations of $42.44 billion. Equities analysts forecast that TotalEnergies SE Sponsored ADR will post 8.02 EPS for the current year.

Analysts Set New Price Targets

Several research firms have commented on TTE. Piper Sandler reaffirmed a “neutral” rating and set a $69.00 price target on shares of TotalEnergies in a research report on Monday, October 20th. Weiss Ratings reiterated a “hold (c)” rating on shares of TotalEnergies in a research note on Friday. Royal Bank Of Canada reiterated an “outperform” rating on shares of TotalEnergies in a research note on Tuesday, September 30th. BNP Paribas Exane reiterated a “neutral” rating on shares of TotalEnergies in a research note on Tuesday, September 23rd. Finally, Berenberg Bank downgraded TotalEnergies from a “buy” rating to a “hold” rating and set a $64.00 target price on the stock. in a research note on Thursday, September 25th. 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 stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $65.20.

TotalEnergies 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.