LSV Asset Management Trims Position in TotalEnergies SE Sponsored ADR $TTE

LSV Asset Management trimmed its holdings in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) by 20.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 27,100 shares of the company’s stock after selling 7,100 shares during the period. LSV Asset Management’s holdings in TotalEnergies were worth $1,664,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Price T Rowe Associates Inc. MD lifted its position in TotalEnergies by 4.1% during the first 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. grew its position in 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. Goldman Sachs Group Inc. raised its stake in shares of TotalEnergies by 53.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,232,525 shares of the company’s stock valued at $209,112,000 after buying an additional 1,119,406 shares during the last quarter. Raymond James Financial Inc. raised its stake in shares of TotalEnergies by 9.9% during the 1st quarter. Raymond James Financial Inc. now owns 3,146,792 shares of the company’s stock valued at $203,566,000 after buying an additional 283,595 shares during the last quarter. Finally, Royal Bank of Canada lifted its holdings in shares of TotalEnergies by 6.4% in 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 during the period. Institutional investors and hedge funds own 16.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on TTE. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of TotalEnergies in a report on Tuesday, September 30th. Piper Sandler upped their price objective on TotalEnergies from $69.00 to $70.00 and gave the stock a “neutral” rating in a research report on Monday, November 10th. Scotiabank raised their price objective on shares of TotalEnergies from $65.00 to $67.00 and gave the stock a “sector perform” rating in a research note on Thursday, October 9th. Loop Capital set a $73.00 target price on shares of TotalEnergies in a report on Monday, November 3rd. Finally, Dbs Bank cut shares of TotalEnergies from a “moderate buy” rating to a “hold” rating in a report on Thursday, November 6th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $66.96.

TotalEnergies Stock Performance

NYSE:TTE opened at $64.71 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.81 and a current ratio of 1.00. The stock has a market capitalization of $155.15 billion, a PE ratio of 11.74, a P/E/G 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 fifty day moving average of $61.64 and a two-hundred day moving average of $61.22.

TotalEnergies (NYSE:TTE) last announced its earnings results on Thursday, October 30th. The company reported $1.77 earnings per share (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 analyst estimates of $43.66 billion. As a group, research analysts forecast that TotalEnergies SE Sponsored ADR will post 8.02 earnings per share for the current fiscal year.

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.