Aberdeen Group plc Raises Stock Holdings in TotalEnergies SE Sponsored ADR $TTE

Aberdeen Group plc increased its position in TotalEnergies SE Sponsored ADR (NYSE:TTE) by 3.0% during the 2nd quarter, Holdings Channel.com reports. The firm owned 347,500 shares of the company’s stock after purchasing an additional 10,100 shares during the period. Aberdeen Group plc’s holdings in TotalEnergies were worth $21,333,000 as of its most recent SEC filing.

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

TotalEnergies Trading Up 0.3%

Shares of NYSE:TTE opened at $57.58 on Tuesday. The company has a market cap of $138.06 billion, a P/E ratio of 10.45, a PEG ratio of 1.35 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 SE Sponsored ADR has a 1 year low of $52.78 and a 1 year high of $68.46. The stock’s fifty day moving average price is $61.29 and its 200-day moving average price is $60.40.

TotalEnergies (NYSE:TTE) last announced its quarterly earnings results on Thursday, July 24th. The company reported $1.57 earnings per share (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 business had revenue of $44.68 billion for the quarter, compared to the consensus estimate of $42.44 billion. Sell-side analysts expect that TotalEnergies SE Sponsored ADR will post 8.02 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have commented on TTE shares. Piper Sandler boosted their target price on TotalEnergies from $66.00 to $68.00 and gave the stock a “neutral” rating in a report on Monday, August 18th. Weiss Ratings reissued a “hold (c)” rating on shares of TotalEnergies in a report on Wednesday, October 8th. Royal Bank Of Canada reissued an “outperform” rating on shares of TotalEnergies in a report on Tuesday, September 30th. Scotiabank boosted their target price on TotalEnergies from $65.00 to $67.00 and gave the stock a “sector perform” rating in a report on Thursday, October 9th. Finally, BNP Paribas Exane reissued a “neutral” rating on shares of TotalEnergies in a report on Tuesday, September 23rd. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $64.95.

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.