LGT Fund Management Co Ltd. Decreases Stake in TotalEnergies SE Sponsored ADR $TTE

LGT Fund Management Co Ltd. cut its position in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) by 47.8% in the first quarter, Holdings Channel.com reports. The institutional investor owned 116,252 shares of the company’s stock after selling 106,357 shares during the period. LGT Fund Management Co Ltd.’s holdings in TotalEnergies were worth $10,870,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. YANKCOM Partnership boosted its position in shares of TotalEnergies by 146.8% during the 4th quarter. YANKCOM Partnership now owns 390 shares of the company’s stock valued at $25,000 after acquiring an additional 232 shares during the last quarter. MH & Associates Securities Management Corp ADV bought a new stake in TotalEnergies in the fourth quarter worth $29,000. Lodestone Wealth Management LLC bought a new stake in TotalEnergies in the fourth quarter worth $32,000. Elyxium Wealth LLC purchased a new stake in TotalEnergies during the fourth quarter valued at $33,000. Finally, SHP Wealth Management purchased a new stake in TotalEnergies during the fourth quarter valued at $37,000. Hedge funds and other institutional investors own 16.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on TTE. TD Cowen reissued a “buy” rating on shares of TotalEnergies in a research note on Monday, April 20th. Kepler Capital Markets upgraded shares of TotalEnergies from a “reduce” rating to a “hold” rating in a research report on Thursday, April 23rd. Scotiabank increased their price target on shares of TotalEnergies from $73.00 to $97.00 and gave the company a “sector perform” rating in a report on Wednesday, April 22nd. CICC Research began coverage on TotalEnergies in a research report on Tuesday, June 23rd. They issued an “outperform” rating for the company. Finally, Wall Street Zen cut TotalEnergies from a “buy” rating to a “hold” rating in a research note on Saturday, July 4th. Ten analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $84.33.

TotalEnergies Trading Up 0.3%

TTE traded up $0.22 during trading on Friday, reaching $78.45. The company had a trading volume of 1,177,162 shares, compared to its average volume of 1,620,015. The company has a quick ratio of 0.85, a current ratio of 1.08 and a debt-to-equity ratio of 0.41. The business has a 50 day simple moving average of $85.72 and a 200-day simple moving average of $80.96. The stock has a market cap of $188.09 billion, a P/E ratio of 11.62, a PEG ratio of 2.70 and a beta of 0.14. TotalEnergies SE Sponsored ADR has a 52 week low of $57.39 and a 52 week high of $94.17.

TotalEnergies (NYSE:TTE) last posted its quarterly earnings data on Wednesday, April 29th. The company reported $2.45 earnings per share for the quarter, beating analysts’ consensus estimates of $2.22 by $0.23. TotalEnergies had a net margin of 7.43% and a return on equity of 14.01%. The business had revenue of $49.52 billion for the quarter, compared to analysts’ expectations of $44.58 billion. On average, equities analysts anticipate that TotalEnergies SE Sponsored ADR will post 10.58 EPS for the current fiscal year.

About TotalEnergies

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.