Resonant Capital Advisors LLC Sells 1,062 Shares of TotalEnergies SE Sponsored ADR $TTE

Resonant Capital Advisors LLC trimmed its holdings in TotalEnergies SE Sponsored ADR (NYSE:TTE) by 17.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,115 shares of the company’s stock after selling 1,062 shares during the quarter. Resonant Capital Advisors LLC’s holdings in TotalEnergies were worth $319,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Costello Asset Management INC acquired a new position in TotalEnergies during the 1st quarter valued at $32,000. Trust Co. of Toledo NA OH bought a new position in shares of TotalEnergies during the 2nd quarter worth about $34,000. SouthState Corp increased its holdings in shares of TotalEnergies by 126.1% during the 1st quarter. SouthState Corp now owns 572 shares of the company’s stock worth $37,000 after purchasing an additional 319 shares during the period. Arlington Trust Co LLC acquired a new position in shares of TotalEnergies during the first quarter valued at about $39,000. Finally, Brentview Investment Management LLC bought a new stake in shares of TotalEnergies in the first quarter valued at about $45,000. Institutional investors own 16.53% of the company’s stock.

TotalEnergies Price Performance

Shares of TTE stock opened at $62.45 on Tuesday. The stock’s fifty day simple moving average is $61.29 and its 200 day simple moving average is $60.56. TotalEnergies SE Sponsored ADR has a one year low of $52.78 and a one year high of $65.76. The firm has a market cap of $149.74 billion, a price-to-earnings ratio of 11.33, a P/E/G ratio of 1.50 and a beta of 0.53. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.00 and a quick ratio of 0.81.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Berenberg Bank lowered TotalEnergies from a “buy” rating to a “hold” rating and set a $64.00 price target on the stock. in a research note on Thursday, September 25th. Weiss Ratings reiterated a “hold (c)” rating on shares of TotalEnergies in a research report on Wednesday, October 8th. Royal Bank Of Canada restated an “outperform” rating on shares of TotalEnergies in a research report on Tuesday, September 30th. Piper Sandler restated a “neutral” rating and issued a $69.00 target price on shares of TotalEnergies in a research note on Monday, October 20th. Finally, Scotiabank lifted 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. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $65.20.

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.