TotalEnergies SE Sponsored ADR $TTE Shares Sold by Corient Private Wealth LLC

Corient Private Wealth LLC lessened its stake in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) by 12.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 92,516 shares of the company’s stock after selling 13,065 shares during the quarter. Corient Private Wealth LLC’s holdings in TotalEnergies were worth $6,052,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in TTE. Vanguard Group Inc. acquired a new position in shares of TotalEnergies in the fourth quarter valued at approximately $5,337,330,000. Capital International Investors lifted 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 buying an additional 49,245,192 shares during the period. Massachusetts Financial Services Co. MA boosted its position in 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 worth $2,641,693,000 after acquiring an additional 40,192,677 shares during the last quarter. Caisse Des Depots ET Consignations acquired a new stake in TotalEnergies during the fourth quarter worth approximately $1,982,676,000. Finally, Norges Bank purchased a new stake in TotalEnergies in the 4th quarter worth approximately $1,917,626,000. Institutional investors and hedge funds own 16.53% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. TD Cowen reiterated a “buy” rating on shares of TotalEnergies in a report on Monday, April 20th. Piper Sandler raised their price objective on TotalEnergies from $74.00 to $92.00 and gave the stock a “neutral” rating in a report on Thursday, March 12th. Wall Street Zen upgraded TotalEnergies from a “hold” rating to a “buy” rating in a report on Saturday, June 20th. Morgan Stanley reaffirmed an “overweight” rating on shares of TotalEnergies in a research report on Tuesday, May 12th. Finally, Zacks Research lowered TotalEnergies from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 25th. Ten analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, TotalEnergies presently has an average rating of “Moderate Buy” and a consensus target price of $84.33.

TotalEnergies Stock Performance

TotalEnergies stock opened at $78.39 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.08 and a quick ratio of 0.85. TotalEnergies SE Sponsored ADR has a 12 month low of $57.39 and a 12 month high of $94.17. The company has a market cap of $187.95 billion, a price-to-earnings ratio of 11.61, a price-to-earnings-growth ratio of 2.67 and a beta of 0.12. The stock’s 50-day moving average is $88.36 and its 200-day moving average is $80.14.

TotalEnergies (NYSE:TTE) last announced its quarterly earnings results on Wednesday, April 29th. The company reported $2.45 earnings per share for the quarter, beating analysts’ consensus estimates of $2.22 by $0.23. TotalEnergies had a net margin of 7.43% and a return on equity of 14.01%. The firm had revenue of $49.52 billion for the quarter, compared to analysts’ expectations of $44.58 billion. Equities analysts anticipate that TotalEnergies SE Sponsored ADR will post 11.09 earnings per share for the current 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.