6,022 TotalEnergies SE Sponsored ADR $TTE Shares Purchased by Sound Income Strategies LLC

Sound Income Strategies LLC lifted its position in TotalEnergies SE Sponsored ADR (NYSE:TTE) by 2.1% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 295,717 shares of the company’s stock after purchasing an additional 6,022 shares during the period. TotalEnergies accounts for about 0.6% of Sound Income Strategies LLC’s investment portfolio, making the stock its 21st biggest position. Sound Income Strategies LLC’s holdings in TotalEnergies were worth $25,438,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Amundi bought a new stake in shares of TotalEnergies in the first quarter valued at about $18,868,822,000. DekaBank Deutsche Girozentrale purchased a new position in TotalEnergies during the 1st quarter valued at about $1,103,799,000. Bank of New York Mellon Corp increased its position in TotalEnergies by 8.3% during the 1st quarter. Bank of New York Mellon Corp now owns 11,514,654 shares of the company’s stock valued at $1,047,603,000 after purchasing an additional 881,889 shares during the period. Janus Henderson Group PLC raised its holdings in shares of TotalEnergies by 25.2% in the 1st quarter. Janus Henderson Group PLC now owns 11,349,122 shares of the company’s stock valued at $1,055,775,000 after purchasing an additional 2,287,500 shares in the last quarter. Finally, Groupe la Francaise raised its holdings in shares of TotalEnergies by 8.9% in the 1st quarter. Groupe la Francaise now owns 7,617,900 shares of the company’s stock valued at $683,234,000 after purchasing an additional 624,764 shares in the last quarter. 16.53% of the stock is currently owned by hedge funds and other institutional investors.

TotalEnergies Stock Up 0.2%

Shares of NYSE TTE traded up $0.13 during trading hours on Friday, hitting $86.15. 4,110,565 shares of the stock were exchanged, compared to its average volume of 1,769,199. The company has a quick ratio of 0.85, a current ratio of 1.06 and a debt-to-equity ratio of 0.38. The company has a market cap of $206.57 billion, a PE ratio of 10.78 and a beta of 0.18. The firm has a fifty day moving average price of $88.49 and a 200-day moving average price of $87.36. TotalEnergies SE Sponsored ADR has a 12 month low of $57.39 and a 12 month high of $94.17.

TotalEnergies (NYSE:TTE) last posted its earnings results on Tuesday, June 30th. The company reported $2.68 EPS for the quarter. TotalEnergies had a net margin of 8.29% and a return on equity of 15.66%. The company had revenue of $57.10 billion during the quarter. On average, sell-side analysts expect that TotalEnergies SE Sponsored ADR will post 11.65 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. downgraded shares of TotalEnergies from an “overweight” rating to a “neutral” rating in a research note on Wednesday, September 23rd. Mizuho began coverage on TotalEnergies in a report on Monday, July 20th. They set an “outperform” rating and a $103.00 target price for the company. CICC Research began coverage on TotalEnergies in a research report on Tuesday, June 23rd. They set an “outperform” rating on the stock. Piper Sandler lifted their price target on TotalEnergies from $84.00 to $93.00 and gave the company a “neutral” rating in a report on Thursday, September 3rd. Finally, Morgan Stanley set a $90.00 price objective on TotalEnergies and gave the stock an “equal weight” rating in a research note on Thursday, September 3rd. Ten equities research 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. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $92.00.

TotalEnergies Company Profile

TotalEnergies SE is a France-based, integrated energy company that produces and markets oil, natural gas, liquefied natural gas (LNG), electricity and low-carbon energy. Its operations span the energy value chain, including exploration and production, refining, petrochemicals, fuel distribution, lubricants, and energy trading.

The company is also expanding its renewable and electricity businesses, with activities in solar and wind power, battery storage, electric-vehicle charging and other lower-carbon energy solutions.