Pictet Asset Management Holding SA grew its holdings in TotalEnergies SE Sponsored ADR (NYSE:TTE – Free Report) by 14.8% in the third quarter, Holdings Channel.com reports. The firm owned 1,585,273 shares of the company’s stock after purchasing an additional 204,942 shares during the period. Pictet Asset Management Holding SA’s holdings in TotalEnergies were worth $136,308,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of TTE. Parallel Advisors LLC grew its position in TotalEnergies by 3.9% in the third quarter. Parallel Advisors LLC now owns 9,890 shares of the company’s stock worth $846,000 after acquiring an additional 372 shares in the last quarter. Asset One Wealth Management LLC increased its stake in shares of TotalEnergies by 89.8% during the 3rd quarter. Asset One Wealth Management LLC now owns 11,519 shares of the company’s stock worth $985,000 after purchasing an additional 5,451 shares during the last quarter. Heritage Family Offices LLP acquired a new position in shares of TotalEnergies during the 3rd quarter worth $40,000. Argonautica Private Wealth Management Inc. raised its holdings in shares of TotalEnergies by 4.3% during the 3rd quarter. Argonautica Private Wealth Management Inc. now owns 12,030 shares of the company’s stock valued at $1,029,000 after purchasing an additional 499 shares in the last quarter. Finally, Kestra Advisory Services LLC raised its holdings in shares of TotalEnergies by 43.3% during the 3rd quarter. Kestra Advisory Services LLC now owns 28,862 shares of the company’s stock valued at $2,468,000 after purchasing an additional 8,716 shares in the last quarter. Institutional investors and hedge funds own 16.53% of the company’s stock.
TotalEnergies Price Performance
Shares of NYSE:TTE opened at $87.97 on Monday. The business has a 50 day moving average price of $89.78 and a 200 day moving average price of $85.67. TotalEnergies SE Sponsored ADR has a twelve month low of $61.63 and a twelve month high of $95.78. The company has a market cap of $210.91 billion, a price-to-earnings ratio of 8.79 and a beta of 0.14. The company has a quick ratio of 0.89, a current ratio of 1.11 and a debt-to-equity ratio of 0.36.
TotalEnergies (NYSE:TTE – Get Free Report) last released its earnings results on Friday, October 30th. The company reported $4.03 EPS for the quarter, beating the consensus estimate of $3.84 by $0.19. The firm had revenue of $61.86 billion during the quarter, compared to analysts’ expectations of $55.39 billion. TotalEnergies had a net margin of 9.61% and a return on equity of 19.08%. Research analysts predict that TotalEnergies SE Sponsored ADR will post 12.72 earnings per share for the current year.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently issued reports on the stock. HSBC upgraded shares of TotalEnergies from a “hold” rating to a “buy” rating in a report on Friday, September 25th. Weiss Ratings upgraded TotalEnergies from a “buy (b)” rating to a “buy (a-)” rating in a report on Wednesday. TD Cowen cut their target price on TotalEnergies from $108.00 to $105.00 and set a “buy” rating on the stock in a report on Tuesday, October 13th. Barclays reaffirmed an “overweight” rating on shares of TotalEnergies in a research report on Monday, October 5th. Finally, Freedom Broker upgraded TotalEnergies from a “sell” rating to a “hold” rating in a research note on Tuesday, November 3rd. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $96.00.
Read Our Latest Stock Analysis on TotalEnergies
About TotalEnergies
TotalEnergies SE is a France-based integrated energy company with operations spanning the oil and natural gas value chain. Its activities include exploring for and producing hydrocarbons, processing and refining them, and supplying energy products to customers.
The company also markets natural gas, including liquefied natural gas, and operates in electricity generation and renewable energy. Its portfolio includes solar and wind power, as well as energy storage and related services.
Founded in 1924 as Compagnie française des pétroles, the company has expanded and evolved through acquisitions and business changes.
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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).
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