Prospera Financial Services Inc Has $1.56 Million Stock Holdings in TotalEnergies SE Sponsored ADR $TTE

Prospera Financial Services Inc trimmed its position in TotalEnergies SE Sponsored ADR (NYSE:TTE) by 28.9% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 20,126 shares of the company’s stock after selling 8,182 shares during the period. Prospera Financial Services Inc’s holdings in TotalEnergies were worth $1,565,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Amundi bought a new stake in shares of TotalEnergies during the first quarter worth $18,868,822,000. Vanguard Group Inc. bought a new position in TotalEnergies in the fourth quarter valued at about $5,337,330,000. Capital International Investors boosted its holdings in TotalEnergies by 1,438.5% in the fourth quarter. Capital International Investors now owns 52,668,676 shares of the company’s stock valued at $3,435,988,000 after acquiring an additional 49,245,192 shares during the last quarter. Caisse Des Depots ET Consignations acquired a new stake in TotalEnergies in the fourth quarter worth about $1,982,676,000. Finally, Norges Bank acquired a new stake in TotalEnergies in the fourth quarter worth about $1,917,626,000. 16.53% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have issued reports on TTE. CICC Research initiated coverage on shares of TotalEnergies in a research report on Tuesday, June 23rd. They set an “outperform” rating on the stock. Weiss Ratings upgraded shares of TotalEnergies from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, July 24th. Morgan Stanley reiterated an “overweight” rating on shares of TotalEnergies in a research report on Tuesday, May 12th. Kepler Capital Markets raised TotalEnergies from a “reduce” rating to a “hold” rating in a research note on Thursday, April 23rd. Finally, Scotiabank raised their price target on TotalEnergies from $73.00 to $97.00 and gave the stock a “sector perform” rating in a research report on Wednesday, April 22nd. Eleven analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $87.14.

TotalEnergies Stock Performance

Shares of TTE stock opened at $87.61 on Thursday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.06 and a quick ratio of 0.85. The stock has a market cap of $210.06 billion, a PE ratio of 10.96, a price-to-earnings-growth ratio of 3.10 and a beta of 0.14. The stock has a 50-day moving average of $82.98 and a 200-day moving average of $84.16. TotalEnergies SE Sponsored ADR has a one year low of $57.39 and a one year high of $94.17.

TotalEnergies (NYSE:TTE) last released its quarterly earnings data on Tuesday, June 30th. The company reported $2.68 earnings per share for the quarter. TotalEnergies had a net margin of 8.29% and a return on equity of 15.66%. The business had revenue of $57.10 billion for the quarter. As a group, sell-side analysts expect that TotalEnergies SE Sponsored ADR will post 10.65 earnings per share for the current year.

TotalEnergies Profile

TotalEnergies SE (NYSE: TTE) is a French multinational integrated energy company engaged across the full energy value chain. Founded in 1924 as Compagnie Française des Pétroles, the company grew through a series of mergers and expansions—most notably with Petrofina and Elf Aquitaine around the turn of the millennium—and rebranded to TotalEnergies in 2021 to reflect a broader focus on multiple energy sources. It is organized to operate across upstream and downstream activities while pursuing a transition toward lower-carbon energy solutions.

In upstream, TotalEnergies explores for and produces crude oil and natural gas globally.