Harvest Portfolios Group Inc. Sells 5,855 Shares of TotalEnergies SE Sponsored ADR $TTE

Harvest Portfolios Group Inc. trimmed its stake in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) by 18.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 25,267 shares of the company’s stock after selling 5,855 shares during the period. Harvest Portfolios Group Inc.’s holdings in TotalEnergies were worth $1,551,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. HighTower Advisors LLC lifted its position in shares of TotalEnergies by 2.5% in the first quarter. HighTower Advisors LLC now owns 768,826 shares of the company’s stock worth $49,735,000 after buying an additional 19,043 shares in the last quarter. U S Global Investors Inc. grew its holdings in TotalEnergies by 275.0% during the 2nd quarter. U S Global Investors Inc. now owns 15,000 shares of the company’s stock valued at $921,000 after buying an additional 11,000 shares in the last quarter. Leo Wealth LLC increased its stake in TotalEnergies by 106.7% in the 1st quarter. Leo Wealth LLC now owns 20,931 shares of the company’s stock worth $1,354,000 after acquiring an additional 10,805 shares during the last quarter. Banco Santander S.A. raised its holdings in shares of TotalEnergies by 26.1% during the 1st quarter. Banco Santander S.A. now owns 66,888 shares of the company’s stock worth $4,327,000 after acquiring an additional 13,850 shares in the last quarter. Finally, Fred Alger Management LLC raised its holdings in shares of TotalEnergies by 8.1% during the 1st quarter. Fred Alger Management LLC now owns 80,432 shares of the company’s stock worth $5,260,000 after acquiring an additional 6,044 shares in the last quarter. 16.53% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Royal Bank Of Canada reissued an “outperform” rating on shares of TotalEnergies in a report on Tuesday, September 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of TotalEnergies in a research report on Wednesday, October 8th. Loop Capital set a $73.00 price objective on shares of TotalEnergies in a research note on Monday. BNP Paribas downgraded shares of TotalEnergies from an “outperform” rating to a “hold” rating in a report on Tuesday, September 23rd. Finally, Piper Sandler reaffirmed a “neutral” rating and issued a $69.00 price target on shares of TotalEnergies in a report on Monday, October 20th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $66.76.

TotalEnergies Trading Up 1.8%

TTE stock opened at $62.24 on Friday. TotalEnergies SE Sponsored ADR has a twelve month low of $52.78 and a twelve month high of $65.76. The stock has a market capitalization of $149.22 billion, a price-to-earnings ratio of 11.29, a price-to-earnings-growth ratio of 1.50 and a beta of 0.50. 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 firm’s fifty day simple moving average is $61.11 and its two-hundred day simple moving average is $60.82.

TotalEnergies (NYSE:TTE) last released its quarterly earnings results on Thursday, October 30th. The company reported $1.77 EPS for the quarter, missing analysts’ consensus estimates of $1.81 by ($0.04). The firm had revenue of $43.84 billion for the quarter, compared to analysts’ expectations of $43.66 billion. TotalEnergies had a return on equity of 13.59% and a net margin of 6.20%. As a group, analysts anticipate that TotalEnergies SE Sponsored ADR will post 8.02 earnings per share for the current year.

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.