122,527 Shares in TotalEnergies SE Sponsored ADR $TTE Acquired by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd purchased a new stake in TotalEnergies SE Sponsored ADR (NYSE:TTE) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 122,527 shares of the company’s stock, valued at approximately $7,522,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TTE. Clear Creek Financial Management LLC grew its position in shares of TotalEnergies by 2.8% in the 2nd quarter. Clear Creek Financial Management LLC now owns 6,184 shares of the company’s stock valued at $380,000 after buying an additional 169 shares during the last quarter. UMB Bank n.a. boosted its holdings in shares of TotalEnergies by 4.3% in the second quarter. UMB Bank n.a. now owns 4,107 shares of the company’s stock valued at $252,000 after acquiring an additional 171 shares in the last quarter. Signature Estate & Investment Advisors LLC boosted its holdings in shares of TotalEnergies by 2.2% in the second quarter. Signature Estate & Investment Advisors LLC now owns 8,020 shares of the company’s stock valued at $492,000 after acquiring an additional 173 shares in the last quarter. Cyndeo Wealth Partners LLC boosted its holdings in shares of TotalEnergies by 0.5% in the second quarter. Cyndeo Wealth Partners LLC now owns 35,125 shares of the company’s stock valued at $2,156,000 after acquiring an additional 174 shares in the last quarter. Finally, Mayflower Financial Advisors LLC lifted its stake in shares of TotalEnergies by 1.2% in the first quarter. Mayflower Financial Advisors LLC now owns 14,646 shares of the company’s stock valued at $947,000 after purchasing an additional 176 shares during the period. Hedge funds and other institutional investors own 16.53% of the company’s stock.

TotalEnergies Price Performance

NYSE TTE opened at $62.45 on Tuesday. The firm has a market capitalization of $149.74 billion, a price-to-earnings ratio of 11.33, a price-to-earnings-growth ratio of 1.50 and a beta of 0.53. The company has a 50 day simple moving average of $61.29 and a 200-day simple moving average of $60.56. 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 52-week low of $52.78 and a 52-week high of $65.76.

Analyst Upgrades and Downgrades

TTE has been the subject of a number of research reports. Royal Bank Of Canada restated an “outperform” rating on shares of TotalEnergies in a research report on Tuesday, September 30th. BNP Paribas Exane restated a “neutral” rating on shares of TotalEnergies in a report on Tuesday, September 23rd. Weiss Ratings reiterated a “hold (c)” rating on shares of TotalEnergies in a research note on Wednesday, October 8th. Piper Sandler reissued a “neutral” rating and set a $69.00 target price on shares of TotalEnergies in a research report on Monday, October 20th. Finally, BNP Paribas cut shares of TotalEnergies from an “outperform” rating to a “hold” rating in a report on Tuesday, September 23rd. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $65.20.

TotalEnergies 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.