Nwam LLC Increases Stake in TotalEnergies SE Sponsored ADR $TTE

Nwam LLC grew its stake in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) by 151.5% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,908 shares of the company’s stock after purchasing an additional 5,969 shares during the quarter. Nwam LLC’s holdings in TotalEnergies were worth $593,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

TTE has been the topic of a number of research analyst reports. Berenberg Bank downgraded TotalEnergies from a “buy” rating to a “hold” rating and set a $64.00 price target on the stock. in a report on Thursday, September 25th. Loop Capital set a $73.00 target price on TotalEnergies in a research note on Monday, November 3rd. Scotiabank upped their target price on TotalEnergies from $65.00 to $67.00 and gave the company a “sector perform” rating in a report on Thursday, October 9th. BNP Paribas Exane reissued a “neutral” rating on shares of TotalEnergies in a research report on Tuesday, September 23rd. Finally, BNP Paribas cut shares of TotalEnergies from an “outperform” rating to a “hold” rating in a research report on Tuesday, September 23rd. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $66.96.

TotalEnergies Trading Down 0.1%

Shares of NYSE TTE opened at $63.89 on Thursday. TotalEnergies SE Sponsored ADR has a 1 year low of $52.78 and a 1 year high of $65.76. 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 firm has a 50-day moving average of $61.19 and a 200 day moving average of $60.92. The stock has a market cap of $153.20 billion, a P/E ratio of 11.60, a price-to-earnings-growth ratio of 1.50 and a beta of 0.50.

TotalEnergies (NYSE:TTE) last announced its quarterly earnings data on Thursday, October 30th. The company reported $1.77 earnings per share 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 business had revenue of $43.84 billion during the quarter, compared to analysts’ expectations of $43.66 billion. As a group, sell-side analysts expect 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.