TotalEnergies SE Sponsored ADR $TTE Shares Sold by QRG Capital Management Inc.

QRG Capital Management Inc. reduced its holdings in TotalEnergies SE Sponsored ADR (NYSE:TTE) by 68.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 39,200 shares of the company’s stock after selling 83,258 shares during the period. QRG Capital Management Inc.’s holdings in TotalEnergies were worth $2,563,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in TTE. First Horizon Corp purchased a new stake in shares of TotalEnergies in the third quarter valued at approximately $25,000. YANKCOM Partnership grew its position in shares of TotalEnergies by 146.8% in the fourth quarter. YANKCOM Partnership now owns 390 shares of the company’s stock valued at $25,000 after purchasing an additional 232 shares in the last quarter. Grey Fox Wealth Advisors LLC purchased a new stake in shares of TotalEnergies in the third quarter valued at approximately $29,000. MH & Associates Securities Management Corp ADV purchased a new stake in shares of TotalEnergies in the fourth quarter valued at approximately $29,000. Finally, Lodestone Wealth Management LLC purchased a new stake in shares of TotalEnergies in the fourth quarter valued at approximately $32,000. 16.53% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Piper Sandler upped their price target on TotalEnergies from $74.00 to $92.00 and gave the company a “neutral” rating in a research report on Thursday, March 12th. BNP Paribas Exane upgraded TotalEnergies from a “neutral” rating to an “outperform” rating in a research report on Friday, April 17th. TD Cowen reaffirmed a “buy” rating on shares of TotalEnergies in a research note on Monday, April 20th. Jefferies Financial Group raised shares of TotalEnergies from a “hold” rating to a “buy” rating in a research note on Thursday, January 8th. Finally, Wolfe Research reaffirmed an “outperform” rating and set a $83.00 target price on shares of TotalEnergies in a research note on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $80.97.

TotalEnergies Price Performance

Shares of TTE stock opened at $88.54 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. The firm’s 50-day moving average is $87.25 and its two-hundred day moving average is $74.20. TotalEnergies SE Sponsored ADR has a 12 month low of $57.19 and a 12 month high of $93.67. The company has a market capitalization of $212.29 billion, a PE ratio of 13.12, a price-to-earnings-growth ratio of 3.26 and a beta of 0.14.

TotalEnergies (NYSE:TTE) last issued its earnings results on Wednesday, April 29th. The company reported $2.45 EPS for the quarter, topping 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 company had revenue of $49.52 billion for the quarter, compared to the consensus estimate of $44.58 billion. Analysts predict that TotalEnergies SE Sponsored ADR will post 10.38 earnings per share for the current year.

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.