Thrivent Financial for Lutherans Has $2.06 Million Stock Holdings in TotalEnergies SE Sponsored ADR $TTE

Thrivent Financial for Lutherans grew its position in TotalEnergies SE Sponsored ADR (NYSE:TTE) by 467.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 31,579 shares of the company’s stock after purchasing an additional 26,011 shares during the period. Thrivent Financial for Lutherans’ holdings in TotalEnergies were worth $2,062,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Aberdeen Group plc raised its holdings in shares of TotalEnergies by 14.5% during the fourth quarter. Aberdeen Group plc now owns 384,040 shares of the company’s stock worth $25,124,000 after acquiring an additional 48,640 shares during the period. Assetmark Inc. raised its holdings in shares of TotalEnergies by 8.1% during the fourth quarter. Assetmark Inc. now owns 246,475 shares of the company’s stock worth $16,124,000 after acquiring an additional 18,480 shares during the period. ABN AMRO Bank N.V. acquired a new stake in shares of TotalEnergies during the fourth quarter worth $122,831,000. Vanguard Group Inc. acquired a new stake in shares of TotalEnergies during the fourth quarter worth $5,337,330,000. Finally, Bank of Italy acquired a new stake in shares of TotalEnergies during the fourth quarter worth $422,957,000. 16.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

TTE has been the topic of a number of research analyst reports. Zacks Research upgraded shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a report on Monday, March 30th. Wall Street Zen upgraded shares of TotalEnergies from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Scotiabank raised their price objective on shares of TotalEnergies from $73.00 to $97.00 and gave the stock a “sector perform” rating in a report on Wednesday, April 22nd. JPMorgan Chase & Co. upgraded shares of TotalEnergies from a “neutral” rating to an “overweight” rating in a report on Monday, March 2nd. Finally, Weiss Ratings upgraded shares of TotalEnergies from a “hold (c)” rating to a “buy (b-)” rating in a report on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, TotalEnergies has a consensus rating of “Moderate Buy” and an average target price of $84.33.

TotalEnergies Trading Down 1.5%

Shares of NYSE:TTE opened at $90.25 on Wednesday. The company’s 50-day moving average price is $90.33 and its two-hundred day moving average price is $76.93. 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 one year low of $57.39 and a one year high of $94.17. The stock has a market capitalization of $216.39 billion, a PE ratio of 13.37, a price-to-earnings-growth ratio of 3.25 and a beta of 0.14.

TotalEnergies (NYSE:TTE) last issued its quarterly earnings results on Wednesday, April 29th. The company reported $2.45 EPS for the quarter, topping the consensus estimate of $2.22 by $0.23. TotalEnergies had a net margin of 7.43% and a return on equity of 14.01%. The firm had revenue of $49.52 billion for the quarter, compared to analysts’ expectations of $44.58 billion. On average, equities analysts forecast that TotalEnergies SE Sponsored ADR will post 10.58 EPS for the current fiscal year.

TotalEnergies Company 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.