TotalEnergies SE Sponsored ADR $TTE Position Cut by Rathbones Group PLC

Rathbones Group PLC reduced its holdings in TotalEnergies SE Sponsored ADR (NYSE:TTE) by 7.7% during the 1st quarter, Holdings Channel reports. The fund owned 3,120,608 shares of the company’s stock after selling 258,608 shares during the quarter. TotalEnergies comprises 1.1% of Rathbones Group PLC’s portfolio, making the stock its 21st largest holding. Rathbones Group PLC’s holdings in TotalEnergies were worth $290,457,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in the business. Amundi acquired a new position in TotalEnergies during the 1st quarter worth $18,868,822,000. Vanguard Group Inc. acquired a new position in shares of TotalEnergies during the fourth quarter valued at $5,337,330,000. Capital International Investors raised its stake in shares of TotalEnergies by 1,438.5% during the fourth quarter. Capital International Investors now owns 52,668,676 shares of the company’s stock valued at $3,435,988,000 after purchasing an additional 49,245,192 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of TotalEnergies by 21,398.0% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 40,380,511 shares of the company’s stock valued at $2,641,693,000 after purchasing an additional 40,192,677 shares in the last quarter. Finally, Caisse Des Depots ET Consignations acquired a new stake in TotalEnergies in the fourth quarter worth about $1,982,676,000. Institutional investors own 16.53% of the company’s stock.

Analyst Ratings Changes

TTE has been the topic of several research analyst reports. Piper Sandler reissued a “neutral” rating and set a $85.00 target price on shares of TotalEnergies in a research note on Thursday, July 23rd. Weiss Ratings upgraded shares of TotalEnergies from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, July 24th. BNP Paribas Exane upgraded shares of TotalEnergies from a “neutral” rating to an “outperform” rating in a research note on Friday, April 17th. Kepler Capital Markets raised TotalEnergies from a “reduce” rating to a “hold” rating in a report on Thursday, April 23rd. Finally, Scotiabank upped their target price on TotalEnergies from $73.00 to $97.00 and gave the stock a “sector perform” rating in a research report on Wednesday, April 22nd. Eleven investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $87.14.

TotalEnergies Price Performance

Shares of NYSE TTE opened at $88.12 on Monday. TotalEnergies SE Sponsored ADR has a twelve month low of $57.39 and a twelve month high of $94.17. The company has a current ratio of 1.06, a quick ratio of 0.85 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $211.29 billion, a price-to-earnings ratio of 11.03, a PEG ratio of 3.13 and a beta of 0.13. The firm has a 50-day moving average of $83.36 and a two-hundred day moving average of $83.04.

TotalEnergies (NYSE:TTE) last posted its quarterly earnings data on Tuesday, June 30th. The company reported $2.68 earnings per share for the quarter. TotalEnergies had a net margin of 8.29% and a return on equity of 15.66%. The company had revenue of $57.10 billion during the quarter. As a group, analysts expect that TotalEnergies SE Sponsored ADR will post 10.55 earnings per share for the current fiscal year.

About TotalEnergies

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.