Code Waechter LLC Buys 5,066 Shares of TotalEnergies SE Sponsored ADR $TTE

Code Waechter LLC lifted its stake in TotalEnergies SE Sponsored ADR (NYSE:TTE) by 52.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,708 shares of the company’s stock after acquiring an additional 5,066 shares during the quarter. Code Waechter LLC’s holdings in TotalEnergies were worth $903,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in TTE. Mutual Advisors LLC grew its stake in shares of TotalEnergies by 52.5% in the first quarter. Mutual Advisors LLC now owns 9,221 shares of the company’s stock worth $553,000 after acquiring an additional 3,174 shares during the period. Bank of New York Mellon Corp grew its stake in shares of TotalEnergies by 5.7% in the first quarter. Bank of New York Mellon Corp now owns 640,291 shares of the company’s stock worth $41,420,000 after acquiring an additional 34,683 shares during the period. HM Payson & Co. grew its stake in shares of TotalEnergies by 64.3% in the first quarter. HM Payson & Co. now owns 5,686 shares of the company’s stock worth $368,000 after acquiring an additional 2,226 shares during the period. Concurrent Investment Advisors LLC grew its stake in shares of TotalEnergies by 43.5% in the first quarter. Concurrent Investment Advisors LLC now owns 6,623 shares of the company’s stock worth $428,000 after acquiring an additional 2,008 shares during the period. Finally, Envestnet Asset Management Inc. grew its stake in shares of TotalEnergies by 8.0% in the first quarter. Envestnet Asset Management Inc. now owns 2,859,047 shares of the company’s stock worth $184,952,000 after acquiring an additional 210,566 shares during the period. 16.53% of the stock is currently owned by institutional investors.

TotalEnergies Price Performance

Shares of NYSE:TTE opened at $61.61 on Tuesday. 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 SE Sponsored ADR has a 1-year low of $52.78 and a 1-year high of $65.76. The company has a market capitalization of $147.71 billion, a P/E ratio of 11.18, a P/E/G ratio of 1.50 and a beta of 0.53. The firm’s 50 day simple moving average is $61.18 and its two-hundred day simple moving average is $60.77.

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

Analyst Upgrades and Downgrades

TTE has been the subject of several recent research reports. BNP Paribas Exane restated a “neutral” rating on shares of TotalEnergies in a research report on Tuesday, September 23rd. Loop Capital set a $73.00 target price on shares of TotalEnergies in a research report on Monday. Scotiabank boosted 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. Piper Sandler restated a “neutral” rating and set a $69.00 target price on shares of TotalEnergies in a research report on Monday, October 20th. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of TotalEnergies in a research report on Tuesday, September 30th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $66.76.

TotalEnergies 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.