Verus Capital Partners LLC Decreases Holdings in TotalEnergies SE Sponsored ADR $TTE

Verus Capital Partners LLC trimmed its position in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) by 41.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,904 shares of the company’s stock after selling 7,805 shares during the quarter. Verus Capital Partners LLC’s holdings in TotalEnergies were worth $992,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Groupe la Francaise increased its position in TotalEnergies by 8.9% during the first quarter. Groupe la Francaise now owns 7,617,900 shares of the company’s stock valued at $683,234,000 after acquiring an additional 624,764 shares during the last quarter. Western Wealth Management LLC bought a new position in TotalEnergies in the first quarter valued at about $418,000. Janus Henderson Group PLC boosted its position in TotalEnergies by 25.2% in the first quarter. Janus Henderson Group PLC now owns 11,349,122 shares of the company’s stock worth $1,055,775,000 after purchasing an additional 2,287,500 shares during the last quarter. Centaurus Financial Inc. purchased a new position in TotalEnergies in the first quarter worth about $188,000. Finally, Strategic Investment Advisors MI bought a new stake in shares of TotalEnergies during the 1st quarter valued at about $1,973,000. 16.53% of the stock is currently owned by hedge funds and other institutional investors.

TotalEnergies Stock Performance

Shares of TTE opened at $88.12 on Friday. The business has a 50-day simple moving average of $83.36 and a two-hundred day simple moving average of $82.91. The company has a quick ratio of 0.85, a current ratio of 1.06 and a debt-to-equity ratio of 0.38. TotalEnergies SE Sponsored ADR has a 52 week low of $57.39 and a 52 week high of $94.17. The stock has a market cap of $211.29 billion, a price-to-earnings ratio of 11.03, a PEG ratio of 3.13 and a beta of 0.14.

TotalEnergies (NYSE:TTE) last posted its quarterly earnings data on Tuesday, June 30th. The company reported $2.68 earnings per share for the quarter. The firm had revenue of $57.10 billion for the quarter. TotalEnergies had a return on equity of 15.66% and a net margin of 8.29%. On average, analysts expect that TotalEnergies SE Sponsored ADR will post 10.55 EPS for the current year.

Analyst Ratings Changes

Several research firms have recently commented on TTE. Weiss Ratings raised shares of TotalEnergies from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, July 24th. Wall Street Zen downgraded shares of TotalEnergies from a “buy” rating to a “hold” rating in a report on Saturday, July 4th. BNP Paribas Exane upgraded shares of TotalEnergies from a “neutral” rating to an “outperform” rating in a research report on Friday, April 17th. Zacks Research cut shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. Finally, Mizuho assumed coverage on shares of TotalEnergies in a research report on Monday, July 20th. They issued an “outperform” rating and a $103.00 price target on the stock. Eleven analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, TotalEnergies currently has a consensus rating of “Moderate Buy” and a consensus price target of $87.14.

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.