Strengthening Families & Communities LLC Sells 6,191 Shares of TotalEnergies SE Sponsored ADR $TTE

Strengthening Families & Communities LLC lessened its stake in TotalEnergies SE Sponsored ADR (NYSE:TTE) by 30.2% in the fourth quarter, HoldingsChannel reports. The firm owned 14,288 shares of the company’s stock after selling 6,191 shares during the period. Strengthening Families & Communities LLC’s holdings in TotalEnergies were worth $935,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. First Horizon Corp bought a new stake in shares of TotalEnergies in the third quarter worth about $25,000. YANKCOM Partnership increased its holdings in shares of TotalEnergies by 146.8% in the fourth quarter. YANKCOM Partnership now owns 390 shares of the company’s stock worth $25,000 after acquiring an additional 232 shares in the last quarter. Grey Fox Wealth Advisors LLC bought a new stake in shares of TotalEnergies in the third quarter worth about $29,000. MH & Associates Securities Management Corp ADV bought a new stake in shares of TotalEnergies in the fourth quarter worth about $29,000. Finally, Lodestone Wealth Management LLC bought a new stake in shares of TotalEnergies in the fourth quarter worth about $32,000. 16.53% of the stock is currently owned by institutional investors.

TotalEnergies Stock Down 1.6%

TTE stock opened at $88.54 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.08 and a quick ratio of 0.85. The stock has a market capitalization of $212.29 billion, a P/E ratio of 13.12, a P/E/G ratio of 3.26 and a beta of 0.14. The business has a 50-day moving average of $87.25 and a 200-day moving average of $74.20. TotalEnergies SE Sponsored ADR has a fifty-two week low of $57.19 and a fifty-two week high of $93.67.

TotalEnergies (NYSE:TTE) last posted its quarterly earnings data on Wednesday, April 29th. The company reported $2.45 earnings per share for the quarter, topping the consensus estimate of $2.22 by $0.23. TotalEnergies had a return on equity of 14.01% and a net margin of 7.43%.The company had revenue of $49.52 billion during the quarter, compared to analysts’ expectations of $44.58 billion. On average, sell-side analysts anticipate that TotalEnergies SE Sponsored ADR will post 10.38 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have issued reports on TTE. Scotiabank increased their price target on TotalEnergies from $73.00 to $97.00 and gave the stock a “sector perform” rating in a report on Wednesday, April 22nd. Weiss Ratings upgraded TotalEnergies from a “hold (c)” rating to a “buy (b-)” rating in a report on Friday, May 1st. Citigroup restated a “buy” rating on shares of TotalEnergies in a report on Thursday, February 12th. Kepler Capital Markets upgraded TotalEnergies from a “reduce” rating to a “hold” rating in a report on Thursday, April 23rd. Finally, TD Cowen restated a “buy” rating on shares of TotalEnergies in a report on Monday, April 20th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $80.97.

About TotalEnergies

TotalEnergies SE (NYSE: TTE) is a French multinational integrated energy company engaged across the full energy value chain. Founded in 1924 as Compagnie Française des Pétroles, the company grew through a series of mergers and expansions—most notably with Petrofina and Elf Aquitaine around the turn of the millennium—and rebranded to TotalEnergies in 2021 to reflect a broader focus on multiple energy sources. It is organized to operate across upstream and downstream activities while pursuing a transition toward lower-carbon energy solutions.

In upstream, TotalEnergies explores for and produces crude oil and natural gas globally.