Miller Howard Investments Inc. NY Reduces Holdings in TotalEnergies SE Sponsored ADR $TTE

Miller Howard Investments Inc. NY lowered its position in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) by 98.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 13,738 shares of the company’s stock after selling 782,679 shares during the period. Miller Howard Investments Inc. NY’s holdings in TotalEnergies were worth $820,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. NewSquare Capital LLC grew its stake in TotalEnergies by 141.5% during the 2nd quarter. NewSquare Capital LLC now owns 495 shares of the company’s stock worth $30,000 after buying an additional 290 shares during the last quarter. Trust Co. of Toledo NA OH purchased a new stake in TotalEnergies in the second quarter valued at approximately $34,000. Salomon & Ludwin LLC boosted its holdings in shares of TotalEnergies by 1,177.3% in the third quarter. Salomon & Ludwin LLC now owns 562 shares of the company’s stock valued at $34,000 after acquiring an additional 518 shares during the period. Twin Peaks Wealth Advisors LLC purchased a new position in shares of TotalEnergies during the second quarter worth approximately $38,000. Finally, Financial Management Professionals Inc. increased its holdings in shares of TotalEnergies by 49.0% in the 2nd quarter. Financial Management Professionals Inc. now owns 721 shares of the company’s stock valued at $45,000 after acquiring an additional 237 shares during the period. 16.53% of the stock is owned by hedge funds and other institutional investors.

TotalEnergies Stock Up 0.5%

Shares of NYSE:TTE opened at $63.92 on Monday. TotalEnergies SE Sponsored ADR has a fifty-two week low of $52.78 and a fifty-two week high of $66.92. The company has a quick ratio of 0.82, a current ratio of 1.01 and a debt-to-equity ratio of 0.42. The firm’s 50-day simple moving average is $64.75 and its 200-day simple moving average is $62.58. The company has a market cap of $153.25 billion, a price-to-earnings ratio of 10.33, a PEG ratio of 3.62 and a beta of 0.22.

TotalEnergies (NYSE:TTE) last announced its quarterly earnings data on Monday, November 3rd. The company reported $1.77 EPS for the quarter, missing analysts’ consensus estimates of $1.81 by ($0.04). TotalEnergies had a net margin of 6.98% and a return on equity of 13.54%. The firm had revenue of $87.69 billion during the quarter, compared to analyst estimates of $43.66 billion. As a group, equities research analysts predict that TotalEnergies SE Sponsored ADR will post 8.02 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages recently weighed in on TTE. Jefferies Financial Group upgraded shares of TotalEnergies from a “hold” rating to a “buy” rating in a research note on Thursday. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of TotalEnergies in a report on Tuesday, September 30th. BNP Paribas downgraded shares of TotalEnergies from an “outperform” rating to a “hold” rating in a research note on Tuesday, September 23rd. Dbs Bank lowered TotalEnergies from a “moderate buy” rating to a “hold” rating in a report on Thursday, November 6th. Finally, Piper Sandler upped their price objective on TotalEnergies from $70.00 to $71.00 and gave the company a “neutral” rating in a research note on Thursday. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and ten have given a Hold rating to the company. According to MarketBeat, TotalEnergies has a consensus rating of “Hold” and an average price target of $67.16.

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.