TotalEnergies SE Sponsored ADR $TTE Stock Sold by Fisher Asset Management LLC

Fisher Asset Management LLC lowered its stake in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) by 7.1% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 7,439,257 shares of the company’s stock after selling 564,644 shares during the period. Fisher Asset Management LLC’s holdings in TotalEnergies were worth $636,057,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TTE. Amundi purchased a new stake in shares of TotalEnergies in the first quarter worth approximately $18,868,822,000. DekaBank Deutsche Girozentrale bought a new position in shares of TotalEnergies in the first quarter valued at approximately $1,103,799,000. Janus Henderson Group PLC boosted its position 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 valued at $1,055,775,000 after buying an additional 2,287,500 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of TotalEnergies by 8.3% during the first quarter. Bank of New York Mellon Corp now owns 11,514,654 shares of the company’s stock valued at $1,047,603,000 after buying an additional 881,889 shares during the last quarter. Finally, Groupe la Francaise boosted its position in shares of 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 buying an additional 624,764 shares during the last quarter. 16.53% of the stock is owned by institutional investors.

TotalEnergies Price Performance

TotalEnergies stock opened at $89.50 on Friday. TotalEnergies SE Sponsored ADR has a 52 week low of $62.15 and a 52 week high of $95.78. The company’s 50 day moving average price is $89.73 and its two-hundred day moving average price is $86.06. The stock has a market cap of $214.59 billion, a P/E ratio of 8.94 and a beta of 0.14. The company has a quick ratio of 0.89, a current ratio of 1.11 and a debt-to-equity ratio of 0.36.

TotalEnergies (NYSE:TTE) last released its earnings results on Friday, October 30th. The company reported $4.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.84 by $0.19. The company had revenue of $61.86 billion during the quarter, compared to analyst estimates of $55.39 billion. TotalEnergies had a return on equity of 19.08% and a net margin of 9.61%. On average, equities analysts predict that TotalEnergies SE Sponsored ADR will post 12.95 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on TTE shares. Freedom Broker raised TotalEnergies from a “sell” rating to a “hold” rating in a research report on Tuesday, November 3rd. Wall Street Zen raised shares of TotalEnergies from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 7th. TD Cowen reduced their target price on shares of TotalEnergies from $108.00 to $105.00 and set a “buy” rating for the company in a research note on Tuesday, October 13th. Weiss Ratings upgraded shares of TotalEnergies from a “buy (b)” rating to a “buy (a-)” rating in a report on Wednesday, November 4th. Finally, JPMorgan Chase & Co. downgraded shares of TotalEnergies from an “overweight” rating to a “neutral” rating in a report on Wednesday, September 23rd. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $96.00.

TotalEnergies 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.