Arkadios Wealth Advisors Has $1.18 Million Stock Holdings in TotalEnergies SE Sponsored ADR $TTE

Arkadios Wealth Advisors increased its stake in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) by 6.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,203 shares of the company’s stock after purchasing an additional 1,203 shares during the quarter. Arkadios Wealth Advisors’ holdings in TotalEnergies were worth $1,179,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. HighTower Advisors LLC increased its position in TotalEnergies by 2.5% during the 1st quarter. HighTower Advisors LLC now owns 768,826 shares of the company’s stock worth $49,735,000 after purchasing an additional 19,043 shares in the last quarter. Leo Wealth LLC increased 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 acquiring an additional 10,805 shares during the period. U S Global Investors Inc. increased 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 acquiring an additional 11,000 shares during the period. Banco Santander S.A. increased 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 acquiring an additional 13,850 shares during the period. Finally, Fred Alger Management LLC increased its position in TotalEnergies by 8.1% in the 1st quarter. Fred Alger Management LLC now owns 80,432 shares of the company’s stock valued at $5,260,000 after acquiring an additional 6,044 shares during the period. 16.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Berenberg Bank cut shares of 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. Scotiabank upped their price target 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. Weiss Ratings restated a “hold (c)” rating on shares of TotalEnergies in a research report on Wednesday, October 8th. Royal Bank Of Canada restated an “outperform” rating on shares of TotalEnergies in a research report on Tuesday, September 30th. Finally, BNP Paribas lowered shares of TotalEnergies from an “outperform” rating to a “hold” rating in a research note on Tuesday, September 23rd. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $65.20.

TotalEnergies Stock Up 1.1%

Shares of NYSE TTE opened at $62.31 on Friday. The firm has a market cap of $149.40 billion, a PE ratio of 11.31, a P/E/G ratio of 1.50 and a beta of 0.53. TotalEnergies SE Sponsored ADR has a 12-month low of $52.78 and a 12-month high of $65.76. The company’s fifty day simple moving average is $61.20 and its 200 day simple moving average is $60.72. The company has a quick ratio of 0.81, a current ratio of 1.00 and a debt-to-equity ratio of 0.40.

TotalEnergies (NYSE:TTE) last issued its earnings results on Thursday, October 30th. The company reported $1.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.81 by ($0.04). The company had revenue of $43.84 billion for the quarter, compared to the consensus estimate of $43.66 billion. TotalEnergies had a return on equity of 13.59% and a net margin of 6.20%. As a group, sell-side 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.