Verdence Capital Advisors LLC Has $2.09 Million Holdings in TotalEnergies SE Sponsored ADR $TTE

Verdence Capital Advisors LLC raised its holdings in TotalEnergies SE Sponsored ADR (NYSE:TTE) by 0.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 34,017 shares of the company’s stock after buying an additional 196 shares during the quarter. Verdence Capital Advisors LLC’s holdings in TotalEnergies were worth $2,088,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Inlight Wealth Management LLC acquired a new position in TotalEnergies in the first quarter valued at approximately $32,000. Costello Asset Management INC acquired a new position in TotalEnergies in the first quarter valued at approximately $32,000. Trust Co. of Toledo NA OH bought a new stake in shares of TotalEnergies during the second quarter valued at approximately $34,000. SouthState Corp increased its holdings in shares of TotalEnergies by 126.1% during the first quarter. SouthState Corp now owns 572 shares of the company’s stock valued at $37,000 after acquiring an additional 319 shares in the last quarter. Finally, Arlington Trust Co LLC bought a new stake in shares of TotalEnergies during the first quarter valued at approximately $39,000. 16.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on TTE shares. BNP Paribas Exane restated a “neutral” rating on shares of TotalEnergies in a report on Tuesday, September 23rd. Royal Bank Of Canada restated an “outperform” rating on shares of TotalEnergies in a report on Tuesday, September 30th. BNP Paribas downgraded TotalEnergies from an “outperform” rating to a “hold” rating in a report on Tuesday, September 23rd. Berenberg Bank downgraded TotalEnergies from a “buy” rating to a “hold” rating and set a $64.00 price objective for the company. in a report on Thursday, September 25th. Finally, Sanford C. Bernstein upgraded TotalEnergies from a “market perform” rating to an “outperform” rating in a report on Monday, June 16th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, TotalEnergies presently has an average rating of “Moderate Buy” and an average price target of $64.95.

TotalEnergies Trading Up 0.3%

Shares of TotalEnergies stock opened at $57.58 on Tuesday. The stock has a fifty day simple moving average of $61.29 and a 200 day simple moving average of $60.40. TotalEnergies SE Sponsored ADR has a 12-month low of $52.78 and a 12-month high of $68.46. The company has a market capitalization of $138.06 billion, a P/E ratio of 10.45, a price-to-earnings-growth ratio of 1.35 and a beta of 0.53. 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 announced its quarterly earnings results 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. On average, sell-side analysts anticipate that TotalEnergies SE Sponsored ADR will post 8.02 earnings per share for the current fiscal year.

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.