Moors & Cabot Inc. Cuts Stock Position in TotalEnergies SE Sponsored ADR $TTE

Moors & Cabot Inc. lessened its holdings in TotalEnergies SE Sponsored ADR (NYSE:TTE) by 5.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 28,444 shares of the company’s stock after selling 1,570 shares during the period. Moors & Cabot Inc.’s holdings in TotalEnergies were worth $1,746,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in TTE. Goldman Sachs Group Inc. raised its stake in shares of TotalEnergies by 53.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,232,525 shares of the company’s stock valued at $209,112,000 after acquiring an additional 1,119,406 shares during the period. Alyeska Investment Group L.P. raised its stake in shares of TotalEnergies by 287.2% in the 1st quarter. Alyeska Investment Group L.P. now owns 1,247,765 shares of the company’s stock valued at $80,718,000 after acquiring an additional 925,541 shares during the period. Federated Hermes Inc. raised its stake in shares of TotalEnergies by 23.1% in the 1st quarter. Federated Hermes Inc. now owns 3,552,025 shares of the company’s stock valued at $229,780,000 after acquiring an additional 665,620 shares during the period. Natixis Advisors LLC raised its stake in shares of TotalEnergies by 17.3% in the 1st quarter. Natixis Advisors LLC now owns 2,160,096 shares of the company’s stock valued at $139,737,000 after acquiring an additional 318,225 shares during the period. Finally, GW Henssler & Associates Ltd. purchased a new position in shares of TotalEnergies in the 1st quarter valued at $20,580,000. Hedge funds and other institutional investors own 16.53% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on TTE shares. Loop Capital set a $73.00 price target on shares of TotalEnergies in a report on Monday. Piper Sandler reaffirmed a “neutral” rating and set a $69.00 price target on shares of TotalEnergies in a report on Monday, October 20th. Berenberg Bank lowered shares of TotalEnergies from a “buy” rating to a “hold” rating and set a $64.00 price target for the company. in a report on Thursday, September 25th. Scotiabank raised their price target on shares of TotalEnergies from $65.00 to $67.00 and gave the company a “sector perform” rating in a report on Thursday, October 9th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of TotalEnergies in a report on Tuesday, September 30th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $66.76.

TotalEnergies Price Performance

Shares of TTE stock opened at $60.93 on Thursday. The firm has a market cap of $146.09 billion, a P/E ratio of 11.06, a P/E/G ratio of 1.50 and a beta of 0.53. 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 SE Sponsored ADR has a 1-year low of $52.78 and a 1-year high of $65.76. The firm has a fifty day moving average of $61.14 and a two-hundred day moving average of $60.79.

TotalEnergies (NYSE:TTE) last announced its quarterly earnings data on Thursday, October 30th. The company reported $1.77 earnings per share for the quarter, missing the consensus estimate of $1.81 by ($0.04). The company had revenue of $43.84 billion for the quarter, compared to analyst estimates of $43.66 billion. TotalEnergies had a return on equity of 13.59% and a net margin of 6.20%. As a group, research analysts anticipate that TotalEnergies SE Sponsored ADR will post 8.02 earnings per share for the current fiscal year.

TotalEnergies Company 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.