Sigma Planning Corp Purchases 919 Shares of TotalEnergies SE Sponsored ADR $TTE

Sigma Planning Corp raised its position in TotalEnergies SE Sponsored ADR (NYSE:TTE) by 14.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,332 shares of the company’s stock after buying an additional 919 shares during the quarter. Sigma Planning Corp’s holdings in TotalEnergies were worth $451,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. EPG Wealth Management LLC boosted its position in shares of TotalEnergies by 3.1% during the 2nd quarter. EPG Wealth Management LLC now owns 8,973 shares of the company’s stock worth $551,000 after acquiring an additional 266 shares in the last quarter. Haven Private LLC acquired a new position in TotalEnergies during the second quarter valued at approximately $201,000. Earned Wealth Advisors LLC bought a new stake in TotalEnergies during the second quarter worth $226,000. Simon Quick Advisors LLC boosted its holdings in shares of TotalEnergies by 51.5% in the 2nd quarter. Simon Quick Advisors LLC now owns 5,121 shares of the company’s stock valued at $314,000 after purchasing an additional 1,741 shares in the last quarter. Finally, Assetmark Inc. increased its stake in shares of TotalEnergies by 9.4% in the 2nd quarter. Assetmark Inc. now owns 203,990 shares of the company’s stock valued at $12,523,000 after purchasing an additional 17,499 shares during the last quarter. Institutional investors own 16.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on TTE shares. BNP Paribas downgraded TotalEnergies from an “outperform” rating to a “hold” rating in a research report on Tuesday, September 23rd. Loop Capital set a $73.00 target price on shares of TotalEnergies in a report on Monday, November 3rd. BNP Paribas Exane restated a “neutral” rating on shares of TotalEnergies in a research note on Tuesday, September 23rd. Scotiabank upped their price objective on shares of TotalEnergies from $65.00 to $67.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 9th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of TotalEnergies in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, TotalEnergies currently has an average rating of “Moderate Buy” and a consensus price target of $66.76.

TotalEnergies Stock Performance

Shares of TotalEnergies stock opened at $62.24 on Friday. The stock has a market cap of $149.22 billion, a price-to-earnings ratio of 11.29, a P/E/G ratio of 1.50 and a beta of 0.50. TotalEnergies SE Sponsored ADR has a twelve month low of $52.78 and a twelve month high of $65.76. The company’s fifty day moving average is $61.11 and its 200 day moving average is $60.83. 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 earnings results on Thursday, October 30th. The company reported $1.77 EPS for the quarter, missing the consensus estimate of $1.81 by ($0.04). TotalEnergies had a return on equity of 13.59% and a net margin of 6.20%.The company had revenue of $43.84 billion for the quarter, compared to analyst estimates of $43.66 billion. Sell-side analysts forecast that TotalEnergies SE Sponsored ADR will post 8.02 EPS for the current year.

TotalEnergies Company 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.