Cordatus Wealth Management LLC Makes New Investment in TotalEnergies SE Sponsored ADR $TTE

Cordatus Wealth Management LLC purchased a new stake in TotalEnergies SE Sponsored ADR (NYSE:TTE) during the second quarter, Holdings Channel.com reports. The firm purchased 4,876 shares of the company’s stock, valued at approximately $299,000.

Other large investors have also recently made changes to their positions in the company. NewSquare Capital LLC lifted its stake in shares of TotalEnergies by 141.5% during the 2nd quarter. NewSquare Capital LLC now owns 495 shares of the company’s stock worth $30,000 after purchasing an additional 290 shares during the last quarter. Costello Asset Management INC purchased a new stake in shares of TotalEnergies during the first quarter valued at about $32,000. Trust Co. of Toledo NA OH purchased a new stake in shares of TotalEnergies during the second quarter valued at about $34,000. SouthState Corp boosted its holdings in shares of TotalEnergies by 126.1% in the 1st quarter. SouthState Corp now owns 572 shares of the company’s stock valued at $37,000 after buying an additional 319 shares in the last quarter. Finally, Brentview Investment Management LLC purchased a new position in shares of TotalEnergies in the 1st quarter worth approximately $45,000. 16.53% of the stock is owned by institutional investors.

TotalEnergies Price Performance

Shares of TTE opened at $65.02 on Tuesday. 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 company’s fifty day moving average price is $61.42 and its 200-day moving average price is $61.08. TotalEnergies SE Sponsored ADR has a 1-year low of $52.78 and a 1-year high of $65.76. The firm has a market capitalization of $155.89 billion, a PE ratio of 11.80, a price-to-earnings-growth ratio of 1.50 and a beta of 0.50.

TotalEnergies (NYSE:TTE) last issued its earnings results on Thursday, October 30th. The company reported $1.77 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.81 by ($0.04). TotalEnergies had a return on equity of 13.59% and a net margin of 6.20%.The firm had revenue of $43.84 billion during the quarter, compared to analysts’ expectations of $43.66 billion. On average, equities research analysts predict that TotalEnergies SE Sponsored ADR will post 8.02 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on TTE shares. BNP Paribas cut shares of TotalEnergies from an “outperform” rating to a “hold” rating in a research report on Tuesday, September 23rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of TotalEnergies in a research report on Wednesday, October 8th. Piper Sandler increased their price objective on TotalEnergies from $69.00 to $70.00 and gave the company a “neutral” rating in a report on Monday, November 10th. 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. Finally, Scotiabank upped their target price on TotalEnergies from $65.00 to $67.00 and gave the company a “sector perform” rating in a research report on Thursday, October 9th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $66.96.

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.