TotalEnergies SE Sponsored ADR $TTE Shares Sold by Stephens Inc. AR

Stephens Inc. AR trimmed its stake in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) by 25.3% in the second quarter, Holdings Channel reports. The fund owned 24,774 shares of the company’s stock after selling 8,409 shares during the period. Stephens Inc. AR’s holdings in TotalEnergies were worth $1,521,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. HighTower Advisors LLC lifted its position in TotalEnergies by 2.5% during the 1st quarter. HighTower Advisors LLC now owns 768,826 shares of the company’s stock worth $49,735,000 after acquiring an additional 19,043 shares during the period. Leo Wealth LLC raised its stake in shares of TotalEnergies by 106.7% during the 1st quarter. Leo Wealth LLC now owns 20,931 shares of the company’s stock worth $1,354,000 after buying an additional 10,805 shares in the last quarter. Banco Santander S.A. raised its stake 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 buying an additional 13,850 shares in the last quarter. U S Global Investors Inc. raised its stake in shares of TotalEnergies by 275.0% during the 2nd quarter. U S Global Investors Inc. now owns 15,000 shares of the company’s stock worth $921,000 after buying an additional 11,000 shares in the last quarter. Finally, Fred Alger Management LLC raised its stake 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 buying an additional 6,044 shares in the last quarter. 16.53% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TTE has been the subject of a number of analyst reports. Berenberg Bank downgraded TotalEnergies from a “buy” rating to a “hold” rating and set a $64.00 target price for the company. in a research note on Thursday, September 25th. Weiss Ratings reissued a “hold (c)” rating on shares of TotalEnergies in a research note on Wednesday, October 8th. Piper Sandler reissued a “neutral” rating and set a $69.00 target price on shares of TotalEnergies in a research note on Monday. BNP Paribas downgraded TotalEnergies from an “outperform” rating to a “hold” rating in a research note on Tuesday, September 23rd. Finally, BNP Paribas Exane reissued a “neutral” rating on shares of TotalEnergies in a research note on Tuesday, September 23rd. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, TotalEnergies presently has a consensus rating of “Moderate Buy” and an average price target of $65.20.

TotalEnergies Stock Performance

NYSE TTE opened at $62.64 on Friday. TotalEnergies SE Sponsored ADR has a 1-year low of $52.78 and a 1-year high of $65.76. The company has a market capitalization of $150.20 billion, a P/E ratio of 11.37, a PEG ratio of 1.54 and a beta of 0.53. The business has a 50 day moving average price of $61.28 and a 200 day moving average price of $60.38. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.00 and a quick ratio of 0.81.

TotalEnergies (NYSE:TTE) last released its quarterly earnings data on Thursday, July 24th. The company reported $1.57 earnings per share for the quarter, missing the consensus estimate of $1.62 by ($0.05). TotalEnergies had a net margin of 6.20% and a return on equity of 13.59%. The firm had revenue of $44.68 billion during the quarter, compared to analysts’ expectations of $42.44 billion. Sell-side analysts expect that TotalEnergies SE Sponsored ADR will post 8.02 EPS for the current fiscal year.

TotalEnergies 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.