Mitchell & Pahl Private Wealth LLC Cuts Stock Position in TotalEnergies SE Sponsored ADR $TTE

Mitchell & Pahl Private Wealth LLC decreased its holdings in TotalEnergies SE Sponsored ADR (NYSE:TTE) by 3.6% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,490 shares of the company’s stock after selling 169 shares during the quarter. Mitchell & Pahl Private Wealth LLC’s holdings in TotalEnergies were worth $276,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. BTC Capital Management Inc. increased its position in shares of TotalEnergies by 2.4% in the second quarter. BTC Capital Management Inc. now owns 38,486 shares of the company’s stock valued at $2,363,000 after buying an additional 895 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in TotalEnergies by 96.7% in the 2nd quarter. Farther Finance Advisors LLC now owns 13,567 shares of the company’s stock worth $833,000 after buying an additional 6,670 shares during the last quarter. UMB Bank n.a. lifted its stake in shares of TotalEnergies by 4.3% in the 2nd quarter. UMB Bank n.a. now owns 4,107 shares of the company’s stock valued at $252,000 after purchasing an additional 171 shares in the last quarter. Oliver Lagore Vanvalin Investment Group purchased a new stake in shares of TotalEnergies during the 2nd quarter valued at about $1,504,000. Finally, Fulton Bank N.A. raised its holdings in shares of TotalEnergies by 1.4% during the 2nd quarter. Fulton Bank N.A. now owns 51,203 shares of the company’s stock valued at $3,143,000 after buying an additional 722 shares during the period. Hedge funds and other institutional investors own 16.53% of the company’s stock.

Analyst Ratings Changes

TTE has been the subject of several research reports. Scotiabank set a $65.00 target price on TotalEnergies and gave the stock a “sector perform” rating in a research report on Friday, July 11th. Sanford C. Bernstein upgraded TotalEnergies from a “market perform” rating to an “outperform” rating in a research report on Monday, June 16th. Finally, Piper Sandler boosted their price objective on TotalEnergies from $66.00 to $68.00 and gave the company a “neutral” rating in a research report on Monday, August 18th. Three research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $66.95.

TotalEnergies Stock Performance

Shares of NYSE TTE opened at $60.60 on Monday. The business’s 50-day moving average price is $61.56 and its two-hundred day moving average price is $60.71. 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 one year low of $52.78 and a one year high of $69.79. The company has a market capitalization of $145.30 billion, a P/E ratio of 11.00, a price-to-earnings-growth ratio of 1.04 and a beta of 0.59.

TotalEnergies (NYSE:TTE) last issued its earnings results on Thursday, July 24th. The company reported $1.57 EPS for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.05). The firm had revenue of $44.68 billion during the quarter, compared to analysts’ expectations of $42.44 billion. TotalEnergies had a net margin of 6.20% and a return on equity of 13.59%. Analysts anticipate 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.