Trust Co. of Toledo NA OH Acquires New Position in TotalEnergies SE Sponsored ADR $TTE

Trust Co. of Toledo NA OH acquired a new stake in shares of TotalEnergies SE Sponsored ADR (NYSE:TTEFree Report) during the 2nd quarter, Holdings Channel reports. The fund acquired 549 shares of the company’s stock, valued at approximately $34,000.

Other institutional investors also recently bought and sold shares of the company. Inlight Wealth Management LLC purchased a new stake in TotalEnergies during the 1st quarter valued at about $32,000. Costello Asset Management INC bought a new position in TotalEnergies during the 1st quarter valued at about $32,000. SouthState Corp lifted its stake in TotalEnergies by 126.1% during the 1st quarter. SouthState Corp now owns 572 shares of the company’s stock valued at $37,000 after acquiring an additional 319 shares during the period. Arlington Trust Co LLC bought a new position in TotalEnergies during the 1st quarter valued at about $39,000. Finally, Brentview Investment Management LLC bought a new position in TotalEnergies during the 1st quarter valued at about $45,000. 16.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TTE has been the topic of several research analyst reports. Sanford C. Bernstein upgraded shares of TotalEnergies from a “market perform” rating to an “outperform” rating in a research note on Monday, June 16th. Berenberg Bank cut shares of TotalEnergies from a “buy” rating to a “hold” rating and set a $64.00 target price on the stock. in a research note on Thursday, September 25th. BNP Paribas Exane restated a “neutral” rating on shares of TotalEnergies in a research note on Tuesday, September 23rd. Scotiabank upped their target price on shares of TotalEnergies from $65.00 to $67.00 and gave the company a “sector perform” rating in a research note on Thursday, October 9th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of TotalEnergies in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $64.95.

Check Out Our Latest Stock Report on TTE

TotalEnergies Price Performance

Shares of NYSE:TTE opened at $57.58 on Tuesday. The firm’s 50 day moving average price is $61.29 and its 200-day moving average price is $60.40. TotalEnergies SE Sponsored ADR has a twelve month low of $52.78 and a twelve month high of $68.46. The company has a quick ratio of 0.81, a current ratio of 1.00 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $138.06 billion, a PE ratio of 10.45, a price-to-earnings-growth ratio of 1.35 and a beta of 0.53.

TotalEnergies (NYSE:TTEGet Free Report) last issued its quarterly earnings data on Thursday, July 24th. The company reported $1.57 earnings per share for the quarter, missing the consensus estimate of $1.62 by ($0.05). TotalEnergies had a return on equity of 13.59% and a net margin of 6.20%.The business had revenue of $44.68 billion during the quarter, compared to the consensus estimate of $42.44 billion. Equities research analysts expect that TotalEnergies SE Sponsored ADR will post 8.02 EPS for the current year.

TotalEnergies Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for TotalEnergies (NYSE:TTE)

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