Orca Wealth Management LLC Has $1.38 Million Stock Holdings in TotalEnergies SE Sponsored ADR $TTE

Orca Wealth Management LLC cut its position in TotalEnergies SE Sponsored ADR (NYSE:TTE) by 1.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 22,503 shares of the company’s stock after selling 243 shares during the period. Orca Wealth Management LLC’s holdings in TotalEnergies were worth $1,381,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Inlight Wealth Management LLC acquired a new stake in TotalEnergies in the first quarter worth $32,000. Costello Asset Management INC acquired a new stake in TotalEnergies in the first quarter worth $32,000. SouthState Corp raised its holdings in shares of TotalEnergies by 126.1% during the first quarter. SouthState Corp now owns 572 shares of the company’s stock worth $37,000 after acquiring an additional 319 shares during the period. Arlington Trust Co LLC acquired a new stake in shares of TotalEnergies during the first quarter worth $39,000. Finally, Brentview Investment Management LLC acquired a new stake in shares of TotalEnergies during the first quarter worth $45,000. 16.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. BNP Paribas Exane restated a “neutral” rating on shares of TotalEnergies in a report on Tuesday, September 23rd. Sanford C. Bernstein upgraded shares of TotalEnergies from a “market perform” rating to an “outperform” rating in a report on Monday, June 16th. Weiss Ratings restated a “hold (c)” rating on shares of TotalEnergies in a report on Saturday, September 27th. Royal Bank Of Canada restated an “outperform” rating on shares of TotalEnergies in a report on Tuesday. Finally, BNP Paribas lowered shares of TotalEnergies from an “outperform” rating to a “hold” rating in a report on Tuesday, September 23rd. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $64.45.

TotalEnergies Stock Up 0.4%

TotalEnergies stock opened at $59.73 on Friday. The company has a market cap of $143.20 billion, a P/E ratio of 10.84, a price-to-earnings-growth ratio of 1.40 and a beta of 0.53. TotalEnergies SE Sponsored ADR has a 1-year low of $52.78 and a 1-year high of $69.79. The company has a fifty day simple moving average of $61.45 and a 200 day simple moving average of $60.65. 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 (NYSE:TTE) last released its 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). The business had revenue of $44.68 billion during the quarter, compared to the consensus estimate of $42.44 billion. TotalEnergies had a net margin of 6.20% and a return on equity of 13.59%. Research analysts anticipate that TotalEnergies SE Sponsored ADR will post 8.02 earnings per share for the current fiscal year.

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.