US Bancorp DE Sells 20,924 Shares of TotalEnergies SE Sponsored ADR $TTE

US Bancorp DE lessened its holdings in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) by 16.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 103,707 shares of the company’s stock after selling 20,924 shares during the quarter. US Bancorp DE’s holdings in TotalEnergies were worth $6,367,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Price T Rowe Associates Inc. MD increased its stake in TotalEnergies by 4.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,303,052 shares of the company’s stock valued at $278,366,000 after purchasing an additional 169,435 shares in the last quarter. Federated Hermes Inc. increased its stake in TotalEnergies by 23.1% during the 1st quarter. Federated Hermes Inc. now owns 3,552,025 shares of the company’s stock valued at $229,780,000 after purchasing an additional 665,620 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in TotalEnergies by 53.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,232,525 shares of the company’s stock valued at $209,112,000 after purchasing an additional 1,119,406 shares in the last quarter. Raymond James Financial Inc. grew its stake in shares of TotalEnergies by 9.9% in the 1st quarter. Raymond James Financial Inc. now owns 3,146,792 shares of the company’s stock worth $203,566,000 after acquiring an additional 283,595 shares in the last quarter. Finally, Royal Bank of Canada grew its stake in shares of TotalEnergies by 6.4% in the 1st quarter. Royal Bank of Canada now owns 3,104,000 shares of the company’s stock worth $200,797,000 after acquiring an additional 186,562 shares in the last quarter. Institutional investors own 16.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Berenberg Bank lowered shares of 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. BNP Paribas lowered shares of TotalEnergies from an “outperform” rating to a “hold” rating in a research note on Tuesday, September 23rd. BNP Paribas Exane reiterated a “neutral” rating on shares of TotalEnergies in a research note on Tuesday, September 23rd. Piper Sandler upped their target price on shares of TotalEnergies from $66.00 to $68.00 and gave the stock a “neutral” rating in a research note on Monday, August 18th. Finally, Scotiabank upped their target price on shares of TotalEnergies from $65.00 to $67.00 and gave the stock a “sector perform” rating in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $64.95.

TotalEnergies Price Performance

Shares of NYSE:TTE opened at $57.47 on Monday. The company’s 50-day moving average is $61.33 and its 200 day moving average is $60.44. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.81 and a current ratio of 1.00. The company has a market capitalization of $137.79 billion, a P/E ratio of 10.43, a price-to-earnings-growth ratio of 1.35 and a beta of 0.53. TotalEnergies SE Sponsored ADR has a fifty-two week low of $52.78 and a fifty-two week high of $68.58.

TotalEnergies (NYSE:TTE) last issued its quarterly earnings results on Thursday, July 24th. The company reported $1.57 earnings per share for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.05). The company had revenue of $44.68 billion during the quarter, compared to analysts’ expectations of $42.44 billion. TotalEnergies had a return on equity of 13.59% and a net margin of 6.20%. On average, equities research analysts forecast that TotalEnergies SE Sponsored ADR will post 8.02 earnings per share for the current 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.