Foster & Motley Inc. Has $1.66 Million Holdings in TotalEnergies SE Sponsored ADR $TTE

Foster & Motley Inc. trimmed its holdings in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) by 44.3% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 18,270 shares of the company’s stock after selling 14,552 shares during the period. Foster & Motley Inc.’s holdings in TotalEnergies were worth $1,662,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the stock. Maseco LLP boosted its position in shares of TotalEnergies by 119.9% during the 1st quarter. Maseco LLP now owns 420 shares of the company’s stock worth $38,000 after purchasing an additional 229 shares in the last quarter. Meyer Handelman Co. bought a new stake in TotalEnergies in the 1st quarter valued at about $200,000. Silver Oak Securities Incorporated acquired a new position in TotalEnergies during the 1st quarter worth approximately $282,000. Cardinal Point Capital Management ULC acquired a new position in TotalEnergies during the 1st quarter worth approximately $214,000. Finally, TrueMark Investments LLC boosted its holdings in TotalEnergies by 61.6% in the first quarter. TrueMark Investments LLC now owns 55,539 shares of the company’s stock worth $5,053,000 after acquiring an additional 21,167 shares in the last quarter. Institutional investors and hedge funds own 16.53% of the company’s stock.

TotalEnergies Stock Down 1.9%

TotalEnergies stock opened at $76.76 on Friday. TotalEnergies SE Sponsored ADR has a fifty-two week low of $57.39 and a fifty-two week high of $94.17. The stock has a market cap of $184.05 billion, a PE ratio of 11.37, a price-to-earnings-growth ratio of 2.65 and a beta of 0.12. The firm’s 50-day simple moving average is $88.15 and its 200 day simple moving average is $80.12. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.85 and a current ratio of 1.08.

TotalEnergies (NYSE:TTE) last issued its quarterly earnings results on Wednesday, April 29th. The company reported $2.45 EPS for the quarter, topping analysts’ consensus estimates of $2.22 by $0.23. TotalEnergies had a return on equity of 14.01% and a net margin of 7.43%.The business had revenue of $49.52 billion for the quarter, compared to analyst estimates of $44.58 billion. Research analysts predict that TotalEnergies SE Sponsored ADR will post 11.09 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on TTE. CICC Research initiated coverage on TotalEnergies in a report on Tuesday. They set an “outperform” rating for the company. Weiss Ratings upgraded TotalEnergies from a “hold (c)” rating to a “buy (b-)” rating in a report on Friday, May 1st. Wall Street Zen raised shares of TotalEnergies from a “hold” rating to a “buy” rating in a research report on Saturday, June 20th. Piper Sandler boosted their price target on shares of TotalEnergies from $74.00 to $92.00 and gave the company a “neutral” rating in a research note on Thursday, March 12th. Finally, Zacks Research lowered shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 25th. Ten analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $84.33.

TotalEnergies Profile

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.