Rhumbline Advisers Decreases Holdings in TotalEnergies SE Sponsored ADR $TTE

Rhumbline Advisers trimmed its holdings in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) by 11.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 30,880 shares of the company’s stock after selling 3,942 shares during the quarter. Rhumbline Advisers’ holdings in TotalEnergies were worth $1,998,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in TTE. Lazard Asset Management LLC raised its position in shares of TotalEnergies by 937.1% during the 4th quarter. Lazard Asset Management LLC now owns 2,043 shares of the company’s stock valued at $111,000 after buying an additional 1,846 shares in the last quarter. Waverly Advisors LLC purchased a new stake in shares of TotalEnergies during the 4th quarter valued at about $574,000. CSS LLC IL grew its holdings in TotalEnergies by 162.4% during the 4th quarter. CSS LLC IL now owns 40,175 shares of the company’s stock valued at $2,190,000 after purchasing an additional 24,866 shares during the last quarter. GTS Securities LLC grew its holdings in TotalEnergies by 186.4% during the 4th quarter. GTS Securities LLC now owns 9,862 shares of the company’s stock valued at $537,000 after purchasing an additional 6,418 shares during the last quarter. Finally, Pacific Point Advisors LLC bought a new position in TotalEnergies during the 4th quarter valued at about $324,000. 16.53% of the stock is currently owned by hedge funds and other institutional investors.

TotalEnergies Price Performance

Shares of TTE opened at $61.17 on Thursday. The company has a 50 day moving average price of $61.63 and a 200-day moving average price of $60.70. TotalEnergies SE Sponsored ADR has a fifty-two week low of $52.78 and a fifty-two week high of $69.81. The stock has a market capitalization of $146.67 billion, a PE ratio of 11.10, a PEG ratio of 1.06 and a beta of 0.59. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.81 and a current ratio of 1.00.

TotalEnergies (NYSE:TTE) last announced its quarterly earnings results on Thursday, July 24th. The company reported $1.57 earnings per share for the quarter, missing the consensus estimate of $1.62 by ($0.05). TotalEnergies had a return on equity of 13.59% and a net margin of 6.20%.The business had revenue of $44.68 billion during the quarter, compared to analysts’ expectations of $42.44 billion. Equities analysts predict that TotalEnergies SE Sponsored ADR will post 8.02 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on TTE. Scotiabank set a $65.00 price target on shares of TotalEnergies and gave the company a “sector perform” rating in a report on Friday, July 11th. Piper Sandler upped their price target on shares of TotalEnergies from $66.00 to $68.00 and gave the company a “neutral” rating in a report on Monday, August 18th. Finally, Sanford C. Bernstein upgraded shares of TotalEnergies from a “market perform” rating to an “outperform” rating in a report on Monday, June 16th. Three equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, TotalEnergies presently has an average rating of “Moderate Buy” and an average target price of $66.95.

TotalEnergies Company 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.