TotalEnergies SE Sponsored ADR $TTE Shares Sold by Checchi Capital Advisers LLC

Checchi Capital Advisers LLC cut its stake in TotalEnergies SE Sponsored ADR (NYSE:TTE) by 8.2% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,951 shares of the company’s stock after selling 1,511 shares during the quarter. Checchi Capital Advisers LLC’s holdings in TotalEnergies were worth $1,041,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of TTE. Goldman Sachs Group Inc. increased its stake in shares of TotalEnergies by 53.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,232,525 shares of the company’s stock worth $209,112,000 after acquiring an additional 1,119,406 shares during the last quarter. Alyeska Investment Group L.P. grew its holdings in shares of TotalEnergies by 287.2% during the 1st quarter. Alyeska Investment Group L.P. now owns 1,247,765 shares of the company’s stock worth $80,718,000 after purchasing an additional 925,541 shares during the period. Federated Hermes Inc. grew its holdings in shares of TotalEnergies by 23.1% during the 1st quarter. Federated Hermes Inc. now owns 3,552,025 shares of the company’s stock worth $229,780,000 after purchasing an additional 665,620 shares during the period. Natixis Advisors LLC grew its holdings in shares of TotalEnergies by 17.3% during the 1st quarter. Natixis Advisors LLC now owns 2,160,096 shares of the company’s stock worth $139,737,000 after purchasing an additional 318,225 shares during the period. Finally, GW Henssler & Associates Ltd. purchased a new position in shares of TotalEnergies during the 1st quarter worth $20,580,000. 16.53% of the stock is owned by institutional investors and hedge funds.

TotalEnergies Stock Performance

Shares of TotalEnergies stock opened at $59.73 on Monday. The business has a 50-day moving average of $61.45 and a 200 day moving average of $60.62. TotalEnergies SE Sponsored ADR has a 12 month low of $52.78 and a 12 month high of $69.79. The stock has a market capitalization of $143.20 billion, a price-to-earnings ratio of 10.84, a price-to-earnings-growth ratio of 1.40 and a beta of 0.53. 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 (NYSE:TTE) last announced its earnings results on Thursday, July 24th. The company reported $1.57 EPS for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.05). TotalEnergies had a net margin of 6.20% and a return on equity of 13.59%. The firm had revenue of $44.68 billion for the quarter, compared to analysts’ expectations of $42.44 billion. As a group, sell-side analysts forecast that TotalEnergies SE Sponsored ADR will post 8.02 earnings per share for the current year.

Wall Street Analyst Weigh In

TTE has been the subject of a number of research analyst reports. BNP Paribas cut TotalEnergies from an “outperform” rating to a “hold” rating in a report on Tuesday, September 23rd. BNP Paribas Exane reiterated a “neutral” rating on shares of TotalEnergies in a report on Tuesday, September 23rd. Berenberg Bank cut TotalEnergies from a “buy” rating to a “hold” rating and set a $64.00 price target for the company. in a report on Thursday, September 25th. Scotiabank set a $65.00 price target on TotalEnergies and gave the stock a “sector perform” rating in a report on Friday, July 11th. Finally, Piper Sandler increased their price target on TotalEnergies from $66.00 to $68.00 and gave the stock a “neutral” rating in a report on Monday, August 18th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, TotalEnergies has a consensus rating of “Moderate Buy” and a consensus target price of $64.45.

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.