TotalEnergies SE Sponsored ADR $TTE Shares Acquired by Cullen Capital Management LLC

Cullen Capital Management LLC lifted its holdings in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) by 10.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 252,335 shares of the company’s stock after acquiring an additional 23,238 shares during the period. Cullen Capital Management LLC’s holdings in TotalEnergies were worth $15,491,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. NewSquare Capital LLC grew its position in TotalEnergies by 141.5% during the 2nd quarter. NewSquare Capital LLC now owns 495 shares of the company’s stock worth $30,000 after purchasing an additional 290 shares during the last quarter. Trust Co. of Toledo NA OH acquired a new stake in shares of TotalEnergies during the second quarter worth about $34,000. Twin Peaks Wealth Advisors LLC purchased a new position in shares of TotalEnergies during the second quarter worth about $38,000. Financial Management Professionals Inc. increased its position in TotalEnergies by 49.0% in the 2nd quarter. Financial Management Professionals Inc. now owns 721 shares of the company’s stock valued at $45,000 after acquiring an additional 237 shares during the period. Finally, Westside Investment Management Inc. increased its position in TotalEnergies by 59.8% in the 2nd quarter. Westside Investment Management Inc. now owns 799 shares of the company’s stock valued at $49,000 after acquiring an additional 299 shares during the period. Hedge funds and other institutional investors own 16.53% of the company’s stock.

TotalEnergies Stock Up 0.4%

TTE opened at $65.68 on Monday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.01 and a quick ratio of 0.82. TotalEnergies SE Sponsored ADR has a 12 month low of $52.78 and a 12 month high of $66.92. The stock has a market capitalization of $157.48 billion, a P/E ratio of 10.61, a P/E/G ratio of 3.48 and a beta of 0.22. The business has a 50 day simple moving average of $62.95 and a 200-day simple moving average of $62.00.

TotalEnergies (NYSE:TTE) last announced its quarterly earnings data on Monday, November 3rd. The company reported $1.77 earnings per share for the quarter, missing analysts’ consensus estimates of $1.81 by ($0.04). TotalEnergies had a return on equity of 13.54% and a net margin of 6.98%.The business had revenue of $87.69 billion for the quarter, compared to analyst estimates of $43.66 billion. On average, equities analysts anticipate that TotalEnergies SE Sponsored ADR will post 8.02 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of TotalEnergies in a research note on Wednesday, October 8th. Piper Sandler upped their price target on TotalEnergies from $69.00 to $70.00 and gave the stock a “neutral” rating in a research note on Monday, November 10th. BNP Paribas lowered shares of TotalEnergies from an “outperform” rating to a “hold” rating in a research report on Tuesday, September 23rd. Loop Capital set a $73.00 price objective on shares of TotalEnergies in a research note on Monday, November 3rd. Finally, BNP Paribas Exane restated a “neutral” rating on shares of TotalEnergies in a research report on Tuesday, September 23rd. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price 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.