West Family Investments Inc. Takes Position in TotalEnergies SE Sponsored ADR $TTE

West Family Investments Inc. acquired a new stake in TotalEnergies SE Sponsored ADR (NYSE:TTE) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 4,465 shares of the company’s stock, valued at approximately $274,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Clear Creek Financial Management LLC lifted its holdings in TotalEnergies by 2.8% during the 2nd quarter. Clear Creek Financial Management LLC now owns 6,184 shares of the company’s stock valued at $380,000 after purchasing an additional 169 shares during the last quarter. UMB Bank n.a. boosted its position 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 worth $252,000 after purchasing an additional 171 shares during the last quarter. Signature Estate & Investment Advisors LLC grew its position in shares of TotalEnergies by 2.2% during the 2nd quarter. Signature Estate & Investment Advisors LLC now owns 8,020 shares of the company’s stock worth $492,000 after buying an additional 173 shares during the period. Cyndeo Wealth Partners LLC increased its stake in TotalEnergies by 0.5% in the second quarter. Cyndeo Wealth Partners LLC now owns 35,125 shares of the company’s stock valued at $2,156,000 after purchasing an additional 174 shares in the last quarter. Finally, Dorsey & Whitney Trust CO LLC increased its position 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 buying an additional 185 shares in the last quarter. Institutional investors own 16.53% of the company’s stock.

TotalEnergies Price Performance

Shares of NYSE TTE opened at $65.71 on Monday. TotalEnergies SE Sponsored ADR has a twelve month low of $52.78 and a twelve month high of $65.97. The company has a quick ratio of 0.81, a current ratio of 1.00 and a debt-to-equity ratio of 0.40. The firm has a fifty day simple moving average of $62.03 and a 200 day simple moving average of $61.50. The company has a market capitalization of $157.55 billion, a PE ratio of 11.93, a P/E/G ratio of 1.50 and a beta of 0.50.

TotalEnergies (NYSE:TTE) last announced its quarterly earnings data on Monday, November 3rd. The company reported $1.77 earnings per share for the quarter, missing the consensus estimate of $1.81 by ($0.04). The company had revenue of $87.69 billion for the quarter, compared to analyst estimates of $43.66 billion. TotalEnergies had a net margin of 6.20% and a return on equity of 13.59%. On average, sell-side analysts forecast that TotalEnergies SE Sponsored ADR will post 8.02 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on TTE. Dbs Bank lowered shares of TotalEnergies from a “moderate buy” rating to a “hold” rating in a research note on Thursday, November 6th. Berenberg Bank cut TotalEnergies from a “buy” rating to a “hold” rating and set a $64.00 price target for the company. in a report on Thursday, September 25th. Scotiabank upped their price objective on shares of TotalEnergies from $65.00 to $67.00 and gave the company a “sector perform” rating in a report on Thursday, October 9th. BNP Paribas cut TotalEnergies from an “outperform” rating to a “hold” rating in a report on Tuesday, September 23rd. Finally, Loop Capital set a $73.00 price objective on shares of TotalEnergies in a report on Monday, November 3rd. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $66.96.

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.