12,710 Shares in TotalEnergies SE Sponsored ADR $TTE Bought by Sycomore Asset Management

Sycomore Asset Management acquired a new position in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 12,710 shares of the company’s stock, valued at approximately $831,000.

Other institutional investors have also made changes to their positions in the company. MGO One Seven LLC lifted its position in TotalEnergies by 1.3% during the fourth quarter. MGO One Seven LLC now owns 10,410 shares of the company’s stock valued at $681,000 after purchasing an additional 137 shares during the period. Clear Creek Financial Management LLC raised its position in shares of TotalEnergies by 2.4% during the 4th quarter. Clear Creek Financial Management LLC now owns 6,334 shares of the company’s stock valued at $414,000 after purchasing an additional 150 shares during the period. Bruce G. Allen Investments LLC raised its position in shares of TotalEnergies by 4.4% during the 4th quarter. Bruce G. Allen Investments LLC now owns 4,091 shares of the company’s stock valued at $268,000 after purchasing an additional 172 shares during the period. SkyView Investment Advisors LLC grew its stake in TotalEnergies by 2.2% during the second quarter. SkyView Investment Advisors LLC now owns 8,054 shares of the company’s stock valued at $495,000 after acquiring an additional 175 shares in the last quarter. Finally, OLD National Bancorp IN grew its stake in TotalEnergies by 2.5% during the fourth quarter. OLD National Bancorp IN now owns 7,189 shares of the company’s stock valued at $470,000 after acquiring an additional 176 shares in the last quarter. 16.53% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on TTE shares. Piper Sandler lifted their price objective on shares of TotalEnergies from $74.00 to $92.00 and gave the stock a “neutral” rating in a research note on Thursday, March 12th. Kepler Capital Markets upgraded shares of TotalEnergies from a “reduce” rating to a “hold” rating in a report on Thursday, April 23rd. Morgan Stanley restated an “overweight” rating on shares of TotalEnergies in a report on Tuesday, May 12th. Zacks Research lowered shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 25th. Finally, JPMorgan Chase & Co. raised shares of TotalEnergies from a “neutral” rating to an “overweight” rating in a research report on Monday, March 2nd. Ten equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, TotalEnergies has an average rating of “Moderate Buy” and an average price target of $84.33.

TotalEnergies Stock Down 0.5%

TTE stock opened at $87.92 on Friday. The firm’s fifty day simple moving average is $90.29 and its 200-day simple moving average is $79.01. The company has a market capitalization of $210.81 billion, a P/E ratio of 13.03, a price-to-earnings-growth ratio of 3.00 and a beta of 0.12. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.08 and a quick ratio of 0.85. TotalEnergies SE Sponsored ADR has a 12 month low of $57.39 and a 12 month high of $94.17.

TotalEnergies (NYSE:TTE) last released its quarterly earnings data on Wednesday, April 29th. The company reported $2.45 EPS for the quarter, beating the consensus estimate of $2.22 by $0.23. The business had revenue of $49.52 billion for the quarter, compared to the consensus estimate of $44.58 billion. TotalEnergies had a net margin of 7.43% and a return on equity of 14.01%. As a group, equities research analysts forecast that TotalEnergies SE Sponsored ADR will post 11.09 earnings per share for the current year.

TotalEnergies Profile

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.