Gilman Hill Asset Management LLC Grows Stock Position in TotalEnergies SE Sponsored ADR $TTE

Gilman Hill Asset Management LLC lifted its stake in TotalEnergies SE Sponsored ADR (NYSE:TTE) by 3.9% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 83,259 shares of the company’s stock after buying an additional 3,123 shares during the period. Gilman Hill Asset Management LLC’s holdings in TotalEnergies were worth $5,111,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Channel Wealth LLC purchased a new position in shares of TotalEnergies in the second quarter worth about $3,325,000. Fiduciary Alliance LLC purchased a new position in shares of TotalEnergies in the second quarter worth about $207,000. First Bank & Trust increased its holdings in shares of TotalEnergies by 5.7% in the second quarter. First Bank & Trust now owns 69,967 shares of the company’s stock worth $4,295,000 after buying an additional 3,742 shares during the period. Persium Advisors LLC increased its holdings in shares of TotalEnergies by 31.9% in the second quarter. Persium Advisors LLC now owns 11,744 shares of the company’s stock worth $721,000 after buying an additional 2,839 shares during the period. Finally, Martin Capital Partners LLC grew its stake in shares of TotalEnergies by 211.7% in the second quarter. Martin Capital Partners LLC now owns 63,764 shares of the company’s stock worth $3,914,000 after purchasing an additional 43,309 shares during the last quarter. Hedge funds and other institutional investors own 16.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on TTE. Piper Sandler raised their target price on TotalEnergies from $66.00 to $68.00 and gave the stock a “neutral” rating in a research note on Monday, August 18th. Sanford C. Bernstein raised TotalEnergies from a “market perform” rating to an “outperform” rating in a research report on Monday, June 16th. Finally, Scotiabank set a $65.00 price objective on TotalEnergies and gave the company a “sector perform” rating in a research report on Friday, July 11th. Three investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $66.95.

TotalEnergies Price Performance

Shares of NYSE TTE opened at $62.07 on Wednesday. TotalEnergies SE Sponsored ADR has a twelve month low of $52.78 and a twelve month high of $69.81. The firm has a market cap of $148.82 billion, a P/E ratio of 11.26, a PEG ratio of 1.06 and a beta of 0.59. The company has a 50 day moving average of $61.65 and a 200 day moving average of $60.69. 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 announced 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). 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 expect that TotalEnergies SE Sponsored ADR will post 8.02 EPS for the current fiscal 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.