Energy Income Partners LLC Sells 508,786 Shares of TotalEnergies SE Sponsored ADR $TTE

Energy Income Partners LLC reduced its position in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) by 86.0% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 82,591 shares of the company’s stock after selling 508,786 shares during the quarter. Energy Income Partners LLC’s holdings in TotalEnergies were worth $7,514,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of TTE. AQR Capital Management LLC lifted its holdings in shares of TotalEnergies by 151.0% in the 1st quarter. AQR Capital Management LLC now owns 67,461 shares of the company’s stock worth $4,364,000 after buying an additional 40,586 shares during the period. Empowered Funds LLC increased its stake in shares of TotalEnergies by 2.1% during the first quarter. Empowered Funds LLC now owns 40,988 shares of the company’s stock valued at $2,652,000 after buying an additional 835 shares during the period. Sivia Capital Partners LLC increased its stake in shares of TotalEnergies by 17.7% during the second quarter. Sivia Capital Partners LLC now owns 5,136 shares of the company’s stock valued at $315,000 after buying an additional 774 shares during the period. Russell Investments Group Ltd. raised its holdings in shares of TotalEnergies by 14.9% in the second quarter. Russell Investments Group Ltd. now owns 24,274 shares of the company’s stock valued at $1,490,000 after acquiring an additional 3,151 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in shares of TotalEnergies by 7.3% in the second quarter. Invesco Ltd. now owns 198,215 shares of the company’s stock valued at $12,168,000 after acquiring an additional 13,536 shares in the last quarter. 16.53% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Wall Street Zen cut shares of TotalEnergies from a “buy” rating to a “hold” rating in a report on Saturday, July 4th. Piper Sandler restated a “neutral” rating and issued a $85.00 price target on shares of TotalEnergies in a report on Thursday, July 23rd. Morgan Stanley reaffirmed an “overweight” rating on shares of TotalEnergies in a research report on Tuesday, May 12th. Weiss Ratings upgraded shares of TotalEnergies from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday. Finally, Mizuho started coverage on shares of TotalEnergies in a report on Monday, July 20th. They set an “outperform” rating and a $103.00 price objective on the stock. Eleven equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $87.14.

TotalEnergies Trading Down 2.9%

NYSE:TTE opened at $84.28 on Tuesday. TotalEnergies SE Sponsored ADR has a 52 week low of $57.39 and a 52 week high of $94.17. The firm has a 50 day moving average of $83.83 and a 200 day moving average of $82.39. The company has a quick ratio of 0.85, a current ratio of 1.06 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $202.06 billion, a price-to-earnings ratio of 10.55, a PEG ratio of 3.09 and a beta of 0.14.

TotalEnergies (NYSE:TTE) last announced its earnings results on Tuesday, June 30th. The company reported $2.68 earnings per share for the quarter. The company had revenue of $57.10 billion during the quarter. TotalEnergies had a net margin of 8.29% and a return on equity of 15.66%. As a group, sell-side analysts anticipate that TotalEnergies SE Sponsored ADR will post 10.57 earnings per share for the current fiscal year.

TotalEnergies 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.