TotalEnergies SE Sponsored ADR $TTE Shares Acquired by Thornburg Investment Management Inc.

Thornburg Investment Management Inc. lifted its stake in TotalEnergies SE Sponsored ADR (NYSE:TTE) by 1.2% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 229,514 shares of the company’s stock after acquiring an additional 2,808 shares during the quarter. Thornburg Investment Management Inc.’s holdings in TotalEnergies were worth $14,090,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. NewSquare Capital LLC lifted its stake in TotalEnergies by 141.5% during the second quarter. NewSquare Capital LLC now owns 495 shares of the company’s stock worth $30,000 after purchasing an additional 290 shares in the last quarter. Costello Asset Management INC purchased a new stake in shares of TotalEnergies in the 1st quarter valued at $32,000. Trust Co. of Toledo NA OH acquired a new position in TotalEnergies during the 2nd quarter worth about $34,000. SouthState Corp boosted its holdings in TotalEnergies by 126.1% during the 1st quarter. SouthState Corp now owns 572 shares of the company’s stock valued at $37,000 after acquiring an additional 319 shares during the period. Finally, Brentview Investment Management LLC acquired a new position in TotalEnergies in the 1st quarter valued at about $45,000. Hedge funds and other institutional investors own 16.53% of the company’s stock.

TotalEnergies Price Performance

Shares of NYSE TTE opened at $65.24 on Wednesday. The stock’s 50-day simple moving average is $61.75 and its 200-day simple moving average is $61.37. The firm has a market capitalization of $156.42 billion, a PE ratio of 11.84, a price-to-earnings-growth ratio of 1.50 and a beta of 0.50. TotalEnergies SE Sponsored ADR has a fifty-two week low of $52.78 and a fifty-two week high of $65.76. 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 Monday, November 3rd. The company reported $1.77 EPS for the quarter, missing the consensus estimate of $1.81 by ($0.04). TotalEnergies had a net margin of 6.20% and a return on equity of 13.59%. The company had revenue of $43.84 billion during the quarter, compared to analysts’ expectations of $43.66 billion. As a group, equities research analysts forecast that TotalEnergies SE Sponsored ADR will post 8.02 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Berenberg Bank lowered shares of TotalEnergies from a “buy” rating to a “hold” rating and set a $64.00 price objective for the company. in a research note on Thursday, September 25th. BNP Paribas Exane restated a “neutral” rating on shares of TotalEnergies in a research note on Tuesday, September 23rd. BNP Paribas lowered TotalEnergies from an “outperform” rating to a “hold” rating in a research report on Tuesday, September 23rd. Scotiabank lifted their target price on TotalEnergies from $65.00 to $67.00 and gave the company a “sector perform” rating in a report on Thursday, October 9th. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of TotalEnergies in a report on Tuesday, September 30th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $66.96.

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.