TotalEnergies SE Sponsored ADR $TTE Shares Sold by Capital Wealth Planning LLC

Capital Wealth Planning LLC decreased its holdings in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) by 17.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 53,381 shares of the company’s stock after selling 11,260 shares during the quarter. Capital Wealth Planning LLC’s holdings in TotalEnergies were worth $3,550,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. MGO One Seven LLC increased its stake in TotalEnergies by 1.3% during the fourth quarter. MGO One Seven LLC now owns 10,410 shares of the company’s stock worth $681,000 after acquiring an additional 137 shares during the last quarter. Clear Creek Financial Management LLC increased its stake in TotalEnergies by 2.4% during the fourth quarter. Clear Creek Financial Management LLC now owns 6,334 shares of the company’s stock worth $414,000 after acquiring an additional 150 shares during the last quarter. Bruce G. Allen Investments LLC increased its stake in TotalEnergies by 4.4% during the fourth quarter. Bruce G. Allen Investments LLC now owns 4,091 shares of the company’s stock worth $268,000 after acquiring an additional 172 shares during the last quarter. SkyView Investment Advisors LLC increased 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 worth $495,000 after acquiring an additional 175 shares during the last quarter. Finally, OLD National Bancorp IN increased 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 worth $470,000 after acquiring an additional 176 shares during the last quarter. Institutional investors and hedge funds own 16.53% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Piper Sandler raised their target price on TotalEnergies from $74.00 to $92.00 and gave the stock a “neutral” rating in a research note on Thursday, March 12th. Zacks Research cut TotalEnergies from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 25th. Wall Street Zen cut TotalEnergies from a “buy” rating to a “hold” rating in a research note on Saturday, May 30th. Weiss Ratings raised TotalEnergies from a “hold (c)” rating to a “buy (b-)” rating in a research note on Friday, May 1st. Finally, Morgan Stanley reissued an “overweight” rating on shares of TotalEnergies in a research note on Tuesday, May 12th. Ten analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $84.33.

TotalEnergies Trading Up 0.1%

TTE opened at $88.59 on Thursday. TotalEnergies SE Sponsored ADR has a 52 week low of $57.39 and a 52 week high of $94.17. The business has a fifty day simple moving average of $90.36 and a 200-day simple moving average of $78.84. The firm has a market cap of $212.42 billion, a P/E ratio of 13.12, a P/E/G ratio of 3.00 and a beta of 0.12. The company has a quick ratio of 0.85, a current ratio of 1.08 and a debt-to-equity ratio of 0.41.

TotalEnergies (NYSE:TTE) last released 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 return on equity of 14.01% and a net margin of 7.43%.The business had revenue of $49.52 billion during the quarter, compared to analyst estimates of $44.58 billion. On average, equities analysts expect 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.