TD Private Client Wealth LLC Sells 6,682 Shares of TotalEnergies SE Sponsored ADR $TTE

TD Private Client Wealth LLC trimmed its holdings in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) by 7.0% during the fourth quarter, HoldingsChannel reports. The firm owned 88,930 shares of the company’s stock after selling 6,682 shares during the quarter. TD Private Client Wealth LLC’s holdings in TotalEnergies were worth $5,805,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. YANKCOM Partnership raised its stake in shares of TotalEnergies by 146.8% during the 4th quarter. YANKCOM Partnership now owns 390 shares of the company’s stock worth $25,000 after purchasing an additional 232 shares during the period. First Horizon Corp bought a new stake in shares of TotalEnergies during the 3rd quarter worth $25,000. MH & Associates Securities Management Corp ADV bought a new stake in shares of TotalEnergies during the 4th quarter worth $29,000. Grey Fox Wealth Advisors LLC bought a new stake in shares of TotalEnergies during the 3rd quarter worth $29,000. Finally, Lodestone Wealth Management LLC bought a new stake in shares of TotalEnergies during the 4th quarter worth $32,000. 16.53% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

TTE has been the topic of a number of research reports. Freedom Capital cut TotalEnergies from a “strong-buy” rating to a “strong sell” rating in a research note on Friday, February 13th. Zacks Research upgraded TotalEnergies from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 30th. Citigroup restated a “buy” rating on shares of TotalEnergies in a research note on Thursday, February 12th. BNP Paribas Exane upgraded TotalEnergies from a “neutral” rating to an “outperform” rating in a research note on Friday, April 17th. Finally, Piper Sandler boosted their price objective on TotalEnergies from $74.00 to $92.00 and gave the company a “neutral” rating in a research note on Thursday, March 12th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $84.33.

TotalEnergies Trading Down 0.0%

Shares of TotalEnergies stock opened at $92.24 on Monday. TotalEnergies SE Sponsored ADR has a 52-week low of $57.26 and a 52-week high of $93.67. The stock’s 50-day simple moving average is $88.67 and its 200 day simple moving average is $75.43. The stock has a market capitalization of $221.16 billion, a P/E ratio of 13.67, a P/E/G ratio of 3.28 and a beta of 0.14. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.85 and a current ratio of 1.08.

TotalEnergies (NYSE:TTE) last announced its quarterly earnings results on Wednesday, April 29th. The company reported $2.45 earnings per share for the quarter, beating the consensus estimate of $2.22 by $0.23. TotalEnergies had a return on equity of 14.01% and a net margin of 7.43%.The firm had revenue of $49.52 billion for the quarter, compared to analysts’ expectations of $44.58 billion. As a group, research analysts anticipate that TotalEnergies SE Sponsored ADR will post 10.59 EPS for the current year.

TotalEnergies Company Profile

TotalEnergies SE (NYSE: TTE) is a French multinational integrated energy company engaged across the full energy value chain. Founded in 1924 as Compagnie Française des Pétroles, the company grew through a series of mergers and expansions—most notably with Petrofina and Elf Aquitaine around the turn of the millennium—and rebranded to TotalEnergies in 2021 to reflect a broader focus on multiple energy sources. It is organized to operate across upstream and downstream activities while pursuing a transition toward lower-carbon energy solutions.

In upstream, TotalEnergies explores for and produces crude oil and natural gas globally.