Sycomore Asset Management bought a new position in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE – Free 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.
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
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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