MGO One Seven LLC Has $618,000 Stake in TotalEnergies SE Sponsored ADR $TTE

MGO One Seven LLC lifted its position in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) by 21.4% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,070 shares of the company’s stock after purchasing an additional 1,774 shares during the quarter. MGO One Seven LLC’s holdings in TotalEnergies were worth $618,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. HighTower Advisors LLC raised its position in TotalEnergies by 2.5% in the 1st quarter. HighTower Advisors LLC now owns 768,826 shares of the company’s stock valued at $49,735,000 after buying an additional 19,043 shares during the last quarter. Sowell Financial Services LLC purchased a new stake in TotalEnergies in the 1st quarter valued at $280,000. Leo Wealth LLC raised its position in TotalEnergies by 106.7% in the 1st quarter. Leo Wealth LLC now owns 20,931 shares of the company’s stock valued at $1,354,000 after buying an additional 10,805 shares during the last quarter. Banco Santander S.A. raised its position in TotalEnergies by 26.1% in the 1st quarter. Banco Santander S.A. now owns 66,888 shares of the company’s stock valued at $4,327,000 after buying an additional 13,850 shares during the last quarter. Finally, U S Global Investors Inc. raised its position in TotalEnergies by 275.0% in the 2nd quarter. U S Global Investors Inc. now owns 15,000 shares of the company’s stock valued at $921,000 after buying an additional 11,000 shares during the last quarter. 16.53% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Berenberg Bank lowered TotalEnergies from a “buy” rating to a “hold” rating and set a $64.00 price target for the company. in a research report on Thursday, September 25th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of TotalEnergies in a research report on Wednesday, October 8th. Piper Sandler raised their target price on TotalEnergies from $66.00 to $68.00 and gave the company a “neutral” rating in a research report on Monday, August 18th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of TotalEnergies in a research report on Tuesday, September 30th. Finally, BNP Paribas lowered TotalEnergies from an “outperform” rating to a “hold” rating in a research report on Tuesday, September 23rd. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, TotalEnergies presently has a consensus rating of “Moderate Buy” and a consensus target price of $64.95.

TotalEnergies Trading Up 1.9%

Shares of TTE opened at $61.56 on Friday. The business has a 50-day moving average of $61.25 and a 200 day moving average of $60.33. TotalEnergies SE Sponsored ADR has a fifty-two week low of $52.78 and a fifty-two week high of $65.76. The firm has a market cap of $147.60 billion, a P/E ratio of 11.17, a price-to-earnings-growth ratio of 1.40 and a beta of 0.53. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.81 and a current ratio of 1.00.

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

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.