Global Retirement Partners LLC Invests $308,000 in TotalEnergies SE Sponsored ADR $TTE

Global Retirement Partners LLC purchased a new stake in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 5,023 shares of the company’s stock, valued at approximately $308,000.

Other hedge funds have also recently made changes to their positions in the company. Commerce Bank bought a new position in TotalEnergies in the 1st quarter valued at about $218,000. Banco Santander S.A. boosted its holdings in TotalEnergies by 26.1% during the first quarter. Banco Santander S.A. now owns 66,888 shares of the company’s stock worth $4,327,000 after purchasing an additional 13,850 shares during the last quarter. Liberty Wealth Management LLC purchased a new position in shares of TotalEnergies in the 1st quarter worth approximately $1,110,000. Manchester Capital Management LLC boosted its position in TotalEnergies by 77.2% in the first quarter. Manchester Capital Management LLC now owns 2,670 shares of the company’s stock worth $173,000 after purchasing an additional 1,163 shares during the last quarter. Finally, Argent Trust Co boosted its holdings in shares of TotalEnergies by 7.2% in the 1st quarter. Argent Trust Co now owns 10,636 shares of the company’s stock worth $688,000 after buying an additional 712 shares during the last quarter. 16.53% of the stock is currently owned by institutional investors and hedge funds.

TotalEnergies Price Performance

TTE opened at $65.71 on Monday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.00 and a quick ratio of 0.81. TotalEnergies SE Sponsored ADR has a 1 year low of $52.78 and a 1 year high of $65.97. The stock’s 50 day simple moving average is $62.03 and its 200 day simple moving average is $61.50. The firm has a market cap of $157.55 billion, a price-to-earnings ratio of 11.93, a PEG ratio of 1.50 and a beta of 0.50.

TotalEnergies (NYSE:TTE) last issued its earnings results on Monday, November 3rd. The company reported $1.77 earnings per share (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 firm had revenue of $87.69 billion during the quarter, compared to the consensus estimate of $43.66 billion. As a group, analysts predict that TotalEnergies SE Sponsored ADR will post 8.02 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on TTE shares. Royal Bank Of Canada reiterated an “outperform” rating on shares of TotalEnergies in a research note on Tuesday, September 30th. Dbs Bank lowered shares of TotalEnergies from a “moderate buy” rating to a “hold” rating in a research report on Thursday, November 6th. BNP Paribas downgraded shares of TotalEnergies from an “outperform” rating to a “hold” rating in a report on Tuesday, September 23rd. Berenberg Bank lowered 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. Finally, BNP Paribas Exane restated a “neutral” rating on shares of TotalEnergies in a research report on Tuesday, September 23rd. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, TotalEnergies currently has a consensus rating of “Moderate Buy” and a consensus price target of $66.96.

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.