Linden Thomas Advisory Services LLC Grows Position in TotalEnergies SE Sponsored ADR $TTE

Linden Thomas Advisory Services LLC increased its position in TotalEnergies SE Sponsored ADR (NYSE:TTE) by 35.3% in the second quarter, HoldingsChannel reports. The firm owned 9,906 shares of the company’s stock after purchasing an additional 2,586 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in TotalEnergies were worth $608,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD lifted its stake in shares of TotalEnergies by 4.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,303,052 shares of the company’s stock valued at $278,366,000 after purchasing an additional 169,435 shares during the period. Federated Hermes Inc. lifted its stake in shares of TotalEnergies by 23.1% in the 1st quarter. Federated Hermes Inc. now owns 3,552,025 shares of the company’s stock valued at $229,780,000 after purchasing an additional 665,620 shares during the period. Goldman Sachs Group Inc. lifted 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 valued at $209,112,000 after purchasing an additional 1,119,406 shares during the period. Raymond James Financial Inc. lifted its stake in shares of TotalEnergies by 9.9% in the 1st quarter. Raymond James Financial Inc. now owns 3,146,792 shares of the company’s stock valued at $203,566,000 after purchasing an additional 283,595 shares during the period. Finally, Royal Bank of Canada increased its position in TotalEnergies by 6.4% during the 1st quarter. Royal Bank of Canada now owns 3,104,000 shares of the company’s stock valued at $200,797,000 after buying an additional 186,562 shares in the last quarter. Hedge funds and other institutional investors own 16.53% of the company’s stock.

Analyst Ratings Changes

TTE has been the subject of a number of analyst reports. Scotiabank raised their price objective on TotalEnergies from $65.00 to $67.00 and gave the company a “sector perform” rating in a research report on Thursday, October 9th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of TotalEnergies in a research report on Wednesday, October 8th. Berenberg Bank lowered TotalEnergies from a “buy” rating to a “hold” rating and set a $64.00 price objective for the company. in a research report on Thursday, September 25th. BNP Paribas Exane reaffirmed a “neutral” rating on shares of TotalEnergies in a research report on Tuesday, September 23rd. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of TotalEnergies in a research report on Tuesday, September 30th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $65.20.

TotalEnergies Stock Performance

Shares of TTE opened at $62.45 on Tuesday. 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 one year low of $52.78 and a one year high of $65.76. The firm has a market capitalization of $149.74 billion, a P/E ratio of 11.33, a PEG ratio of 1.50 and a beta of 0.53. The business has a fifty day moving average of $61.29 and a 200 day moving average of $60.56.

About TotalEnergies

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.