Laurel Wealth Advisors LLC Grows Stock Position in TotalEnergies SE Sponsored ADR $TTE

Laurel Wealth Advisors LLC raised its holdings in TotalEnergies SE Sponsored ADR (NYSE:TTE) by 6,039.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,489 shares of the company’s stock after buying an additional 14,253 shares during the quarter. Laurel Wealth Advisors LLC’s holdings in TotalEnergies were worth $889,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Franklin Resources Inc. boosted its position in shares of TotalEnergies by 0.9% in the second quarter. Franklin Resources Inc. now owns 5,884,442 shares of the company’s stock worth $361,246,000 after acquiring an additional 53,307 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in TotalEnergies by 4.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 4,303,052 shares of the company’s stock worth $278,366,000 after purchasing an additional 169,435 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of TotalEnergies by 53.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,232,525 shares of the company’s stock valued at $209,112,000 after purchasing an additional 1,119,406 shares during the last quarter. Raymond James Financial Inc. boosted its holdings in shares of TotalEnergies by 9.9% in the 1st quarter. Raymond James Financial Inc. now owns 3,146,792 shares of the company’s stock valued at $203,566,000 after purchasing an additional 283,595 shares during the last quarter. Finally, Royal Bank of Canada grew its stake in shares of TotalEnergies by 6.4% during the 1st quarter. Royal Bank of Canada now owns 3,104,000 shares of the company’s stock valued at $200,797,000 after buying an additional 186,562 shares during the period. Institutional investors and hedge funds own 16.53% of the company’s stock.

TotalEnergies Stock Performance

TotalEnergies stock opened at $65.71 on Friday. The firm has a market capitalization of $157.55 billion, a PE ratio of 11.93, a price-to-earnings-growth ratio of 1.50 and a beta of 0.50. TotalEnergies SE Sponsored ADR has a one year low of $52.78 and a one year high of $65.97. The stock’s 50 day moving average price is $62.03 and its 200 day moving average price is $61.47. 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 posted its quarterly earnings data on Monday, November 3rd. The company reported $1.77 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.81 by ($0.04). TotalEnergies had a net margin of 6.20% and a return on equity of 13.59%. The firm had revenue of $87.69 billion for the quarter, compared to analysts’ expectations of $43.66 billion. As a group, sell-side analysts expect that TotalEnergies SE Sponsored ADR will post 8.02 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on TTE shares. Scotiabank increased their target price on TotalEnergies from $65.00 to $67.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 9th. Dbs Bank downgraded TotalEnergies from a “moderate buy” rating to a “hold” rating in a report on Thursday, November 6th. Loop Capital set a $73.00 target price on TotalEnergies in a report on Monday, November 3rd. Berenberg Bank downgraded shares of TotalEnergies from a “buy” rating to a “hold” rating and set a $64.00 target price for the company. in a research report on Thursday, September 25th. Finally, Piper Sandler lifted their price target on shares of TotalEnergies from $69.00 to $70.00 and gave the company a “neutral” rating in a research report on Monday, November 10th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $66.96.

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.