Abundance Wealth Counselors Has $1.64 Million Stock Holdings in TotalEnergies SE Sponsored ADR $TTE

Abundance Wealth Counselors grew its position in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) by 5.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 26,528 shares of the company’s stock after purchasing an additional 1,287 shares during the quarter. Abundance Wealth Counselors’ holdings in TotalEnergies were worth $1,637,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in TTE. Goldman Sachs Group Inc. boosted its stake in shares of TotalEnergies by 53.0% during the first quarter. Goldman Sachs Group Inc. now owns 3,232,525 shares of the company’s stock valued at $209,112,000 after purchasing an additional 1,119,406 shares in the last quarter. Alyeska Investment Group L.P. lifted its stake in shares of TotalEnergies by 287.2% in the first quarter. Alyeska Investment Group L.P. now owns 1,247,765 shares of the company’s stock worth $80,718,000 after acquiring an additional 925,541 shares during the period. Federated Hermes Inc. lifted its stake in TotalEnergies by 23.1% in the first quarter. Federated Hermes Inc. now owns 3,552,025 shares of the company’s stock valued at $229,780,000 after buying an additional 665,620 shares during the period. Natixis Advisors LLC lifted its stake in TotalEnergies by 17.3% in the first quarter. Natixis Advisors LLC now owns 2,160,096 shares of the company’s stock valued at $139,737,000 after buying an additional 318,225 shares during the period. Finally, GW Henssler & Associates Ltd. acquired a new position in TotalEnergies in the first quarter valued at approximately $20,580,000. 16.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on TTE shares. BNP Paribas Exane reissued a “neutral” rating on shares of TotalEnergies in a research note on Tuesday, September 23rd. Scotiabank set a $65.00 price target on TotalEnergies and gave the company a “sector perform” rating in a research note on Friday, July 11th. Piper Sandler boosted their price target on TotalEnergies from $66.00 to $68.00 and gave the company a “neutral” rating in a research note on Monday, August 18th. Royal Bank Of Canada reissued an “outperform” rating on shares of TotalEnergies in a research note on Tuesday. Finally, Berenberg Bank lowered TotalEnergies from a “buy” rating to a “hold” rating and set a $64.00 price target on the stock. in a research note on Thursday, September 25th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $64.45.

TotalEnergies Trading Down 1.5%

NYSE TTE opened at $59.57 on Friday. The company has a market cap of $142.82 billion, a price-to-earnings ratio of 10.81, a P/E/G ratio of 1.42 and a beta of 0.53. TotalEnergies SE Sponsored ADR has a 52 week low of $52.78 and a 52 week high of $69.79. The business has a 50 day moving average price of $61.47 and a 200-day moving average price of $60.69. The company has a quick ratio of 0.81, a current ratio of 1.00 and a debt-to-equity ratio of 0.40.

TotalEnergies (NYSE:TTE) last released its quarterly earnings data on Thursday, July 24th. The company reported $1.57 EPS for the quarter, missing the consensus estimate of $1.62 by ($0.05). TotalEnergies had a net margin of 6.20% and a return on equity of 13.59%. The firm had revenue of $44.68 billion for the quarter, compared to the consensus estimate of $42.44 billion. As a group, equities analysts expect that TotalEnergies SE Sponsored ADR will post 8.02 earnings per share for the current fiscal year.

TotalEnergies Company 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.