Sound Income Strategies LLC Boosts Position in TotalEnergies SE Sponsored ADR $TTE

Sound Income Strategies LLC grew its position in TotalEnergies SE Sponsored ADR (NYSE:TTE) by 2.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 295,717 shares of the company’s stock after purchasing an additional 6,022 shares during the quarter. TotalEnergies makes up about 0.6% of Sound Income Strategies LLC’s investment portfolio, making the stock its 21st largest holding. Sound Income Strategies LLC’s holdings in TotalEnergies were worth $25,438,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Amundi bought a new position in TotalEnergies in the 1st quarter worth $18,868,822,000. DekaBank Deutsche Girozentrale bought a new stake in TotalEnergies during the 1st quarter valued at approximately $1,103,799,000. Janus Henderson Group PLC lifted its holdings in TotalEnergies by 25.2% in the 1st quarter. Janus Henderson Group PLC now owns 11,349,122 shares of the company’s stock worth $1,055,775,000 after purchasing an additional 2,287,500 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of TotalEnergies by 8.3% during the first quarter. Bank of New York Mellon Corp now owns 11,514,654 shares of the company’s stock worth $1,047,603,000 after acquiring an additional 881,889 shares during the last quarter. Finally, Groupe la Francaise grew its stake in TotalEnergies by 8.9% during the first quarter. Groupe la Francaise now owns 7,617,900 shares of the company’s stock valued at $683,234,000 after acquiring an additional 624,764 shares in the last quarter. 16.53% of the stock is currently owned by institutional investors.

TotalEnergies Trading Up 0.2%

Shares of TTE stock traded up $0.13 on Friday, reaching $86.15. 4,110,565 shares of the company’s stock were exchanged, compared to its average volume of 1,769,199. TotalEnergies SE Sponsored ADR has a 52 week low of $57.39 and a 52 week high of $94.17. The company has a current ratio of 1.06, a quick ratio of 0.85 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $206.57 billion, a PE ratio of 10.78 and a beta of 0.18. The company’s fifty day simple moving average is $88.49 and its 200 day simple moving average is $87.36.

TotalEnergies (NYSE:TTE) last posted its quarterly earnings data on Tuesday, June 30th. The company reported $2.68 earnings per share (EPS) for the quarter. TotalEnergies had a return on equity of 15.66% and a net margin of 8.29%.The company had revenue of $57.10 billion during the quarter. As a group, analysts forecast that TotalEnergies SE Sponsored ADR will post 11.65 EPS for the current year.

Analyst Ratings Changes

A number of research firms recently commented on TTE. Mizuho assumed coverage on TotalEnergies in a research report on Monday, July 20th. They issued an “outperform” rating and a $103.00 target price on the stock. Weiss Ratings raised TotalEnergies from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, July 24th. JPMorgan Chase & Co. downgraded TotalEnergies from an “overweight” rating to a “neutral” rating in a research report on Wednesday, September 23rd. Morgan Stanley set a $90.00 target price on shares of TotalEnergies and gave the company an “equal weight” rating in a report on Thursday, September 3rd. Finally, HSBC upgraded shares of TotalEnergies from a “hold” rating to a “buy” rating in a research report on Friday, September 25th. Ten investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $92.00.

TotalEnergies Company Profile

TotalEnergies SE is a France-based, integrated energy company that produces and markets oil, natural gas, liquefied natural gas (LNG), electricity and low-carbon energy. Its operations span the energy value chain, including exploration and production, refining, petrochemicals, fuel distribution, lubricants, and energy trading.

The company is also expanding its renewable and electricity businesses, with activities in solar and wind power, battery storage, electric-vehicle charging and other lower-carbon energy solutions.