TotalEnergies SE Sponsored ADR $TTE Stake Decreased by Drum Hill Capital LLC

Drum Hill Capital LLC cut its holdings in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) by 30.3% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 42,628 shares of the company’s stock after selling 18,522 shares during the period. TotalEnergies accounts for approximately 3.6% of Drum Hill Capital LLC’s portfolio, making the stock its 11th biggest holding. Drum Hill Capital LLC’s holdings in TotalEnergies were worth $3,878,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. YANKCOM Partnership raised its stake in TotalEnergies by 146.8% during the 4th quarter. YANKCOM Partnership now owns 390 shares of the company’s stock valued at $25,000 after acquiring an additional 232 shares in the last quarter. Maseco LLP boosted its position in TotalEnergies by 119.9% during the 1st quarter. Maseco LLP now owns 420 shares of the company’s stock worth $38,000 after acquiring an additional 229 shares during the period. MH & Associates Securities Management Corp ADV bought a new position in shares of TotalEnergies in the fourth quarter worth $29,000. Lodestone Wealth Management LLC bought a new position in shares of TotalEnergies in the fourth quarter worth $32,000. Finally, Elyxium Wealth LLC acquired a new position in shares of TotalEnergies during the fourth quarter valued at $33,000. 16.53% of the stock is owned by institutional investors.

TotalEnergies Stock Performance

Shares of NYSE TTE opened at $78.39 on Friday. TotalEnergies SE Sponsored ADR has a 1 year low of $57.39 and a 1 year high of $94.17. The firm has a market cap of $187.95 billion, a P/E ratio of 11.61, a PEG ratio of 2.67 and a beta of 0.12. The stock has a fifty day moving average price of $88.36 and a two-hundred day moving average price of $80.14. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.85 and a current ratio of 1.08.

TotalEnergies (NYSE:TTE) last posted its quarterly earnings data on Wednesday, April 29th. The company reported $2.45 EPS for the quarter, topping analysts’ consensus estimates of $2.22 by $0.23. The company had revenue of $49.52 billion for the quarter, compared to the consensus estimate of $44.58 billion. TotalEnergies had a return on equity of 14.01% and a net margin of 7.43%. Research analysts forecast that TotalEnergies SE Sponsored ADR will post 11.09 EPS for the current fiscal year.

Wall Street Analyst Weigh In

TTE has been the topic of a number of recent analyst reports. Morgan Stanley restated an “overweight” rating on shares of TotalEnergies in a research note on Tuesday, May 12th. JPMorgan Chase & Co. upgraded shares of TotalEnergies from a “neutral” rating to an “overweight” rating in a research report on Monday, March 2nd. Kepler Capital Markets raised shares of TotalEnergies from a “reduce” rating to a “hold” rating in a research note on Thursday, April 23rd. Piper Sandler boosted their price target on shares of TotalEnergies from $74.00 to $92.00 and gave the stock a “neutral” rating in a research report on Thursday, March 12th. Finally, Weiss Ratings raised shares of TotalEnergies from a “hold (c)” rating to a “buy (b-)” rating in a research note on Friday, May 1st. Ten research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $84.33.

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.