Sycomore Asset Management Makes New Investment in TotalEnergies SE Sponsored ADR $TTE

Sycomore Asset Management bought a new position in shares of TotalEnergies SE Sponsored ADR (NYSE:TTEFree Report) in the 4th quarter, HoldingsChannel reports. The fund bought 12,710 shares of the company’s stock, valued at approximately $831,000.

Several other hedge funds also recently bought and sold shares of TTE. MGO One Seven LLC boosted its stake in shares of TotalEnergies by 1.3% in the fourth quarter. MGO One Seven LLC now owns 10,410 shares of the company’s stock valued at $681,000 after purchasing an additional 137 shares during the period. Clear Creek Financial Management LLC boosted its stake in shares of TotalEnergies by 2.4% in the fourth quarter. Clear Creek Financial Management LLC now owns 6,334 shares of the company’s stock valued at $414,000 after purchasing an additional 150 shares during the period. Bruce G. Allen Investments LLC boosted its stake in shares of TotalEnergies by 4.4% in the fourth quarter. Bruce G. Allen Investments LLC now owns 4,091 shares of the company’s stock valued at $268,000 after purchasing an additional 172 shares during the period. SkyView Investment Advisors LLC boosted its stake in shares of TotalEnergies by 2.2% in the second quarter. SkyView Investment Advisors LLC now owns 8,054 shares of the company’s stock valued at $495,000 after purchasing an additional 175 shares during the period. Finally, OLD National Bancorp IN boosted its stake in shares of TotalEnergies by 2.5% in the fourth quarter. OLD National Bancorp IN now owns 7,189 shares of the company’s stock valued at $470,000 after purchasing an additional 176 shares during the period. Hedge funds and other institutional investors own 16.53% of the company’s stock.

TotalEnergies Stock Down 0.5%

Shares of NYSE:TTE opened at $87.92 on Friday. The firm’s 50 day moving average price is $90.29 and its 200 day moving average price is $79.01. The stock has a market cap of $210.81 billion, a price-to-earnings ratio of 13.03, a price-to-earnings-growth ratio of 3.00 and a beta of 0.12. TotalEnergies SE Sponsored ADR has a fifty-two week low of $57.39 and a fifty-two week high of $94.17. The company has a quick ratio of 0.85, a current ratio of 1.08 and a debt-to-equity ratio of 0.41.

TotalEnergies (NYSE:TTEGet Free Report) last issued its earnings results on Wednesday, April 29th. The company reported $2.45 earnings per share for the quarter, beating the consensus estimate of $2.22 by $0.23. The firm had revenue of $49.52 billion for the quarter, compared to analysts’ expectations 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 11.09 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

TTE has been the subject of several recent research reports. Piper Sandler raised their price objective 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. Zacks Research lowered shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 25th. JPMorgan Chase & Co. raised shares of TotalEnergies from a “neutral” rating to an “overweight” rating in a research note on Monday, March 2nd. Freedom Capital cut shares of TotalEnergies from a “strong-buy” rating to a “strong sell” rating in a report on Friday, February 13th. Finally, TD Cowen reaffirmed a “buy” rating on shares of TotalEnergies in a report on Monday, April 20th. Ten research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $84.33.

Read Our Latest Stock Analysis on TotalEnergies

TotalEnergies Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for TotalEnergies (NYSE:TTE)

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