Fisher Asset Management LLC cut its holdings in TotalEnergies SE Sponsored ADR (NYSE:TTE – Free Report) by 3.2% during the 4th quarter, Holdings Channel.com reports. The fund owned 19,324,336 shares of the company’s stock after selling 639,496 shares during the quarter. Fisher Asset Management LLC’s holdings in TotalEnergies were worth $1,264,198,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of TTE. YANKCOM Partnership raised its position in 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. MH & Associates Securities Management Corp ADV bought a new stake in TotalEnergies in the fourth quarter worth about $29,000. Lodestone Wealth Management LLC bought a new stake in TotalEnergies in the fourth quarter worth about $32,000. Elyxium Wealth LLC bought a new stake in TotalEnergies in the fourth quarter worth about $33,000. Finally, Colonial Trust Advisors raised its position in TotalEnergies by 212.6% in the third quarter. Colonial Trust Advisors now owns 619 shares of the company’s stock worth $37,000 after acquiring an additional 421 shares in the last quarter. 16.53% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several equities research analysts have commented on TTE shares. Morgan Stanley reiterated an “overweight” rating on shares of TotalEnergies in a research report on Tuesday, May 12th. Citigroup reiterated a “buy” rating on shares of TotalEnergies in a research report on Thursday, February 12th. Scotiabank upped their price objective on shares of TotalEnergies from $73.00 to $97.00 and gave the company a “sector perform” rating in a research note on Wednesday, April 22nd. Piper Sandler raised their target price on shares of TotalEnergies from $74.00 to $92.00 and gave the stock a “neutral” rating in a report on Thursday, March 12th. Finally, Weiss Ratings raised shares of TotalEnergies from a “hold (c)” rating to a “buy (b-)” rating in a research report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, TotalEnergies currently has a consensus rating of “Moderate Buy” and an average target price of $84.33.
TotalEnergies Stock Performance
TotalEnergies stock opened at $91.59 on Monday. The firm’s 50 day simple moving average is $89.97 and its 200-day simple moving average is $76.51. The company has a market cap of $219.59 billion, a P/E ratio of 13.57, a price-to-earnings-growth ratio of 3.25 and a beta of 0.14. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.08 and a quick ratio of 0.85. TotalEnergies SE Sponsored ADR has a fifty-two week low of $57.26 and a fifty-two week high of $94.17.
TotalEnergies (NYSE:TTE – Get Free Report) last released its earnings results 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. The business had revenue of $49.52 billion for the quarter, compared to the consensus estimate of $44.58 billion. TotalEnergies had a net margin of 7.43% and a return on equity of 14.01%. As a group, equities research analysts predict that TotalEnergies SE Sponsored ADR will post 10.58 EPS for the current year.
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.
Featured Articles
- Five stocks we like better than TotalEnergies
- The Smart Glasses Gold Rush Is Leaving Old-School Eyewear Behind
- 3 Rare Earth Stocks That Win No Matter What China Does Next
- Amylyx Stock: Why the Full Pipeline Story Matters
- Palantir and Dell Build an AI OS for the Paranoid
Want to see what other hedge funds are holding TTE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TotalEnergies SE Sponsored ADR (NYSE:TTE – Free Report).
Receive News & Ratings for TotalEnergies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TotalEnergies and related companies with MarketBeat.com's FREE daily email newsletter.
