TotalEnergies SE Sponsored ADR $TTE Shares Sold by Corient Private Wealth LLC

Corient Private Wealth LLC lessened its stake in TotalEnergies SE Sponsored ADR (NYSE:TTE) by 12.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 92,516 shares of the company’s stock after selling 13,065 shares during the quarter. Corient Private Wealth LLC’s holdings in TotalEnergies were worth $6,052,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in TTE. Vanguard Group Inc. acquired a new position in TotalEnergies during the fourth quarter worth about $5,337,330,000. Capital International Investors lifted its position in shares of TotalEnergies by 1,438.5% during the 4th quarter. Capital International Investors now owns 52,668,676 shares of the company’s stock valued at $3,435,988,000 after acquiring an additional 49,245,192 shares during the period. Massachusetts Financial Services Co. MA lifted its position in shares of TotalEnergies by 21,398.0% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 40,380,511 shares of the company’s stock valued at $2,641,693,000 after acquiring an additional 40,192,677 shares during the period. Caisse Des Depots ET Consignations purchased a new stake in shares of TotalEnergies during the 4th quarter worth approximately $1,982,676,000. Finally, Norges Bank purchased a new stake in shares of TotalEnergies during the 4th quarter worth approximately $1,917,626,000. Institutional investors and hedge funds own 16.53% of the company’s stock.

TotalEnergies Stock Down 0.4%

Shares of NYSE TTE opened at $78.39 on Friday. TotalEnergies SE Sponsored ADR has a 12-month low of $57.39 and a 12-month high of $94.17. The company has a market capitalization of $187.95 billion, a PE ratio of 11.61, a price-to-earnings-growth ratio of 2.67 and a beta of 0.12. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.08 and a quick ratio of 0.85. The firm’s 50-day moving average is $88.36 and its two-hundred day moving average is $80.14.

TotalEnergies (NYSE:TTE) last released its quarterly earnings results on Wednesday, April 29th. The company reported $2.45 EPS for the quarter, beating 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 business had revenue of $49.52 billion for the quarter, compared to analyst estimates of $44.58 billion. Equities analysts anticipate that TotalEnergies SE Sponsored ADR will post 11.09 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on TTE shares. Piper Sandler upped their price target on TotalEnergies from $74.00 to $92.00 and gave the stock a “neutral” rating in a report on Thursday, March 12th. Kepler Capital Markets raised TotalEnergies from a “reduce” rating to a “hold” rating in a report on Thursday, April 23rd. TD Cowen reiterated a “buy” rating on shares of TotalEnergies in a research report on Monday, April 20th. BNP Paribas Exane raised TotalEnergies from a “neutral” rating to an “outperform” rating in a report on Friday, April 17th. Finally, Morgan Stanley restated an “overweight” rating on shares of TotalEnergies in a research report on Tuesday, May 12th. Ten research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, TotalEnergies currently has a consensus rating of “Moderate Buy” and an average target price of $84.33.

About TotalEnergies

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.