Simon Quick Advisors LLC Raises Stake in TotalEnergies SE Sponsored ADR $TTE

Simon Quick Advisors LLC increased its stake in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) by 51.5% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,121 shares of the company’s stock after buying an additional 1,741 shares during the period. Simon Quick Advisors LLC’s holdings in TotalEnergies were worth $314,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Assetmark Inc. increased its stake in shares of TotalEnergies by 9.4% in the second quarter. Assetmark Inc. now owns 203,990 shares of the company’s stock worth $12,523,000 after purchasing an additional 17,499 shares in the last quarter. HBK Sorce Advisory LLC boosted its holdings in TotalEnergies by 5.9% in the 2nd quarter. HBK Sorce Advisory LLC now owns 4,619 shares of the company’s stock worth $284,000 after buying an additional 259 shares during the period. Hantz Financial Services Inc. grew its stake in TotalEnergies by 19.0% in the 2nd quarter. Hantz Financial Services Inc. now owns 46,066 shares of the company’s stock valued at $2,828,000 after buying an additional 7,363 shares in the last quarter. Arkadios Wealth Advisors raised its holdings in TotalEnergies by 6.7% during the 2nd quarter. Arkadios Wealth Advisors now owns 19,203 shares of the company’s stock valued at $1,179,000 after acquiring an additional 1,203 shares during the period. Finally, Jennison Associates LLC lifted its position in shares of TotalEnergies by 21.8% during the second quarter. Jennison Associates LLC now owns 406,834 shares of the company’s stock worth $24,976,000 after acquiring an additional 72,679 shares in the last quarter. 16.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TTE has been the topic of several analyst reports. Berenberg Bank cut TotalEnergies from a “buy” rating to a “hold” rating and set a $64.00 price target on the stock. in a research report on Thursday, September 25th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of TotalEnergies in a research note on Tuesday, September 30th. BNP Paribas cut shares of TotalEnergies from an “outperform” rating to a “hold” rating in a research note on Tuesday, September 23rd. BNP Paribas Exane reiterated a “neutral” rating on shares of TotalEnergies in a research report on Tuesday, September 23rd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of TotalEnergies in a research note on Wednesday, October 8th. One 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 data from MarketBeat, TotalEnergies presently has a consensus rating of “Moderate Buy” and an average target price of $66.76.

TotalEnergies Trading Down 1.0%

NYSE TTE opened at $61.61 on Tuesday. The company has a quick ratio of 0.81, a current ratio of 1.00 and a debt-to-equity ratio of 0.40. The stock’s 50-day simple moving average is $61.18 and its two-hundred day simple moving average is $60.77. 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 $147.71 billion, a price-to-earnings ratio of 11.18, a PEG ratio of 1.50 and a beta of 0.53.

TotalEnergies (NYSE:TTE) last announced its quarterly earnings data on Thursday, October 30th. The company reported $1.77 EPS for the quarter, missing the consensus estimate of $1.81 by ($0.04). The firm had revenue of $43.84 billion for the quarter, compared to the consensus estimate of $43.66 billion. TotalEnergies had a net margin of 6.20% and a return on equity of 13.59%. Research analysts forecast that TotalEnergies SE Sponsored ADR will post 8.02 EPS 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.