Ballentine Partners LLC Grows Position in TotalEnergies SE Sponsored ADR $TTE

Ballentine Partners LLC boosted its stake in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) by 11.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 16,508 shares of the company’s stock after purchasing an additional 1,705 shares during the period. Ballentine Partners LLC’s holdings in TotalEnergies were worth $1,013,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. UMB Bank n.a. grew its position in TotalEnergies by 4.3% during the 2nd quarter. UMB Bank n.a. now owns 4,107 shares of the company’s stock worth $252,000 after purchasing an additional 171 shares during the last quarter. Mayflower Financial Advisors LLC boosted its holdings in shares of TotalEnergies by 1.2% in the 1st quarter. Mayflower Financial Advisors LLC now owns 14,646 shares of the company’s stock valued at $947,000 after acquiring an additional 176 shares during the last quarter. Dorsey & Whitney Trust CO LLC boosted its holdings in shares of TotalEnergies by 1.9% in the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 9,814 shares of the company’s stock valued at $635,000 after acquiring an additional 185 shares during the last quarter. J2 Capital Management Inc boosted its holdings in shares of TotalEnergies by 3.3% in the 1st quarter. J2 Capital Management Inc now owns 5,954 shares of the company’s stock valued at $385,000 after acquiring an additional 191 shares during the last quarter. Finally, Financial Management Professionals Inc. boosted its holdings in shares of TotalEnergies by 65.8% in the 1st quarter. Financial Management Professionals Inc. now owns 484 shares of the company’s stock valued at $31,000 after acquiring an additional 192 shares during the last quarter. Hedge funds and other institutional investors own 16.53% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Berenberg Bank downgraded shares of TotalEnergies from a “buy” rating to a “hold” rating and set a $64.00 price objective on the stock. in a report on Thursday. BNP Paribas downgraded shares of TotalEnergies from an “outperform” rating to a “hold” rating in a report on Tuesday. Scotiabank set a $65.00 price objective on shares of TotalEnergies and gave the company a “sector perform” rating in a report on Friday, July 11th. Piper Sandler upped their price objective on shares of TotalEnergies from $66.00 to $68.00 and gave the company a “neutral” rating in a report on Monday, August 18th. Finally, BNP Paribas Exane reissued a “neutral” rating on shares of TotalEnergies in a report on Tuesday. Three equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, TotalEnergies presently has a consensus rating of “Moderate Buy” and an average target price of $66.36.

TotalEnergies Stock Performance

NYSE:TTE opened at $62.36 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.81 and a current ratio of 1.00. The company has a fifty day moving average of $61.54 and a two-hundred day moving average of $60.73. The stock has a market capitalization of $149.51 billion, a PE ratio of 11.32, a P/E/G ratio of 1.08 and a beta of 0.59. TotalEnergies SE Sponsored ADR has a fifty-two week low of $52.78 and a fifty-two week high of $69.79.

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

About TotalEnergies

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.