Apollon Wealth Management LLC Has $205,000 Stake in TotalEnergies SE Sponsored ADR $TTE

Apollon Wealth Management LLC trimmed its stake in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) by 23.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,342 shares of the company’s stock after selling 1,032 shares during the period. Apollon Wealth Management LLC’s holdings in TotalEnergies were worth $205,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Inlight Wealth Management LLC acquired a new stake in shares of TotalEnergies during the first quarter worth $32,000. Costello Asset Management INC acquired a new stake in shares of TotalEnergies during the first quarter worth $32,000. Trust Co. of Toledo NA OH acquired a new stake in shares of TotalEnergies during the second quarter worth $34,000. SouthState Corp raised 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 acquiring an additional 319 shares during the period. Finally, Arlington Trust Co LLC acquired a new stake in shares of TotalEnergies during the first quarter worth $39,000. 16.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TTE has been the subject of a number of analyst reports. Piper Sandler raised their target price on shares of TotalEnergies from $66.00 to $68.00 and gave the company a “neutral” rating in a research report on Monday, August 18th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of TotalEnergies in a research report on Wednesday, October 8th. Scotiabank raised their target price on shares of TotalEnergies from $65.00 to $67.00 and gave the company a “sector perform” rating in a research report on Thursday, October 9th. BNP Paribas Exane reaffirmed a “neutral” rating on shares of TotalEnergies in a research report on Tuesday, September 23rd. Finally, BNP Paribas downgraded shares of TotalEnergies from an “outperform” rating to a “hold” rating in a research report on Tuesday, September 23rd. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, TotalEnergies has an average rating of “Moderate Buy” and a consensus target price of $64.95.

TotalEnergies Stock Performance

Shares of TTE opened at $61.56 on Monday. The firm has a 50-day moving average of $61.25 and a 200-day moving average of $60.29. TotalEnergies SE Sponsored ADR has a one year low of $52.78 and a one year high of $65.76. The company has a market cap of $147.60 billion, a PE ratio of 11.17, a price-to-earnings-growth ratio of 1.52 and a beta of 0.53. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.00 and a quick ratio of 0.81.

TotalEnergies (NYSE:TTE) last announced its quarterly earnings data on Thursday, July 24th. The company reported $1.57 EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $42.44 billion. As a group, equities analysts forecast that TotalEnergies SE Sponsored ADR will post 8.02 earnings per share for the current 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.