5,760 TotalEnergies SE Sponsored ADR $TTE Shares Sold by MGO One Seven LLC

MGO One Seven LLC decreased its position in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) by 40.6% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 8,421 shares of the company’s stock after selling 5,760 shares during the quarter. MGO One Seven LLC’s holdings in TotalEnergies were worth $720,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Amundi purchased a new stake in TotalEnergies in the 1st quarter worth approximately $18,868,822,000. DekaBank Deutsche Girozentrale purchased a new position in shares of TotalEnergies during the 1st quarter worth $1,103,799,000. Arrowstreet Capital Limited Partnership acquired a new stake in shares of TotalEnergies during the first quarter worth $378,821,000. Janus Henderson Group PLC boosted its holdings in shares of TotalEnergies by 25.2% during 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. Finally, DJE Kapital AG grew its position in shares of TotalEnergies by 91.1% in the first quarter. DJE Kapital AG now owns 3,052,518 shares of the company’s stock valued at $282,461,000 after purchasing an additional 1,455,230 shares during the period. 16.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently commented on TTE. Barclays reiterated an “overweight” rating on shares of TotalEnergies in a research note on Monday, October 5th. Weiss Ratings reissued a “buy (b)” rating on shares of TotalEnergies in a research note on Thursday, October 22nd. Piper Sandler increased their price objective on shares of TotalEnergies from $84.00 to $93.00 and gave the stock a “neutral” rating in a report on Thursday, September 3rd. Wall Street Zen raised shares of TotalEnergies from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Finally, JPMorgan Chase & Co. downgraded shares of TotalEnergies from an “overweight” rating to a “neutral” rating in a report on Wednesday, September 23rd. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $96.00.

TotalEnergies Trading Down 0.9%

Shares of TTE stock traded down $0.79 on Friday, reaching $87.97. 1,093,441 shares of the stock were exchanged, compared to its average volume of 2,293,455. The company has a quick ratio of 0.89, a current ratio of 1.11 and a debt-to-equity ratio of 0.36. The stock has a market cap of $210.91 billion, a P/E ratio of 8.79 and a beta of 0.14. The firm has a 50 day moving average of $89.78 and a two-hundred day moving average of $85.67. TotalEnergies SE Sponsored ADR has a 1-year low of $61.63 and a 1-year high of $95.78.

TotalEnergies (NYSE:TTE) last issued its earnings results on Friday, October 30th. The company reported $4.03 earnings per share for the quarter, beating analysts’ consensus estimates of $3.84 by $0.19. TotalEnergies had a return on equity of 19.08% and a net margin of 9.61%. The firm had revenue of $61.86 billion for the quarter, compared to analysts’ expectations of $55.39 billion. On average, research analysts anticipate that TotalEnergies SE Sponsored ADR will post 12.72 EPS for the current year.

TotalEnergies Company Profile

TotalEnergies SE is a France-based integrated energy company with operations spanning the oil and natural gas value chain. Its activities include exploring for and producing hydrocarbons, processing and refining them, and supplying energy products to customers.

The company also markets natural gas, including liquefied natural gas, and operates in electricity generation and renewable energy. Its portfolio includes solar and wind power, as well as energy storage and related services.

Founded in 1924 as Compagnie française des pétroles, the company has expanded and evolved through acquisitions and business changes.