Ninety One UK Ltd Sells 101,093 Shares of TotalEnergies SE Sponsored ADR $TTE

Ninety One UK Ltd lessened its stake in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) by 10.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 892,650 shares of the company’s stock after selling 101,093 shares during the quarter. Ninety One UK Ltd’s holdings in TotalEnergies were worth $76,753,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Generali Investments CEE investicni spolecnost a.s. grew its stake in shares of TotalEnergies by 16.9% in the second quarter. Generali Investments CEE investicni spolecnost a.s. now owns 153,140 shares of the company’s stock valued at $11,900,000 after buying an additional 22,103 shares in the last quarter. QRG Capital Management Inc. boosted its holdings in TotalEnergies by 47.9% in the second quarter. QRG Capital Management Inc. now owns 114,663 shares of the company’s stock valued at $8,916,000 after purchasing an additional 37,112 shares during the period. Plato Investment Management Ltd acquired a new position in TotalEnergies during the 2nd quarter worth $1,349,000. Flossbach Von Storch SE acquired a new stake in TotalEnergies in the 2nd quarter valued at about $30,877,000. Finally, Groupe la Francaise boosted its stake in shares of TotalEnergies by 8.9% in the 1st quarter. Groupe la Francaise now owns 7,617,900 shares of the company’s stock valued at $683,234,000 after buying an additional 624,764 shares during the period. 16.53% of the stock is currently owned by institutional investors and hedge funds.

TotalEnergies Stock Down 0.7%

NYSE:TTE traded down $0.66 during trading hours on Thursday, hitting $88.98. The company’s stock had a trading volume of 1,852,328 shares, compared to its average volume of 1,777,841. TotalEnergies SE Sponsored ADR has a 52-week low of $60.31 and a 52-week 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 stock has a market capitalization of $213.36 billion, a P/E ratio of 11.12 and a beta of 0.18. The stock has a fifty day moving average of $88.68 and a 200-day moving average of $87.34.

TotalEnergies (NYSE:TTE) last posted its quarterly 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 for the quarter. TotalEnergies had a return on equity of 15.66% and a net margin of 8.29%. On average, equities analysts forecast that TotalEnergies SE Sponsored ADR will post 12.18 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on TTE shares. Wall Street Zen raised TotalEnergies from a “hold” rating to a “buy” rating in a research report on Monday, August 31st. Barclays reaffirmed an “overweight” rating on shares of TotalEnergies in a report on Monday, October 5th. HSBC raised shares of TotalEnergies from a “hold” rating to a “buy” rating in a report on Friday, September 25th. JPMorgan Chase & Co. cut shares of TotalEnergies from an “overweight” rating to a “neutral” rating in a report on Wednesday, September 23rd. Finally, Weiss Ratings upgraded shares of TotalEnergies from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, July 24th. Ten 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 stock. Based on data from MarketBeat.com, TotalEnergies presently has an average rating of “Moderate Buy” and an average price target of $92.00.

About TotalEnergies

TotalEnergies SE is a France-based, integrated energy company that produces and markets oil, natural gas, liquefied natural gas (LNG), electricity and low-carbon energy. Its operations span the energy value chain, including exploration and production, refining, petrochemicals, fuel distribution, lubricants, and energy trading.

The company is also expanding its renewable and electricity businesses, with activities in solar and wind power, battery storage, electric-vehicle charging and other lower-carbon energy solutions.