TotalEnergies SE Sponsored ADR $TTE Shares Sold by Drum Hill Capital LLC

Drum Hill Capital LLC lessened its position in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) by 30.3% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 42,628 shares of the company’s stock after selling 18,522 shares during the period. TotalEnergies comprises 3.6% of Drum Hill Capital LLC’s portfolio, making the stock its 11th largest position. Drum Hill Capital LLC’s holdings in TotalEnergies were worth $3,878,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in TTE. AA Financial Advisors LLC bought a new stake in shares of TotalEnergies in the 1st quarter valued at approximately $261,000. Aaron Wealth Advisors LLC lifted its stake in TotalEnergies by 21.4% during the first quarter. Aaron Wealth Advisors LLC now owns 7,612 shares of the company’s stock worth $693,000 after purchasing an additional 1,344 shares during the last quarter. Maseco LLP boosted its holdings in TotalEnergies by 119.9% in the first quarter. Maseco LLP now owns 420 shares of the company’s stock worth $38,000 after purchasing an additional 229 shares during the period. Meyer Handelman Co. acquired a new position in TotalEnergies in the first quarter worth $200,000. Finally, Silver Oak Securities Incorporated bought a new stake in TotalEnergies during the first quarter valued at $282,000. Institutional investors and hedge funds own 16.53% of the company’s stock.

TotalEnergies Price Performance

Shares of NYSE TTE opened at $78.39 on Friday. 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 has a market capitalization of $187.95 billion, a PE ratio of 11.61, a P/E/G ratio of 2.67 and a beta of 0.12. TotalEnergies SE Sponsored ADR has a 1-year low of $57.39 and a 1-year high of $94.17. The business’s fifty day moving average price is $88.36 and its two-hundred day moving average price is $80.14.

TotalEnergies (NYSE:TTE) last announced its quarterly earnings results on Wednesday, April 29th. The company reported $2.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.22 by $0.23. The company had revenue of $49.52 billion during the quarter, compared to the consensus estimate of $44.58 billion. TotalEnergies had a net margin of 7.43% and a return on equity of 14.01%. On average, research analysts expect that TotalEnergies SE Sponsored ADR will post 11.09 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on TTE. BNP Paribas Exane raised shares of TotalEnergies from a “neutral” rating to an “outperform” rating in a report on Friday, April 17th. Zacks Research downgraded shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 25th. Piper Sandler increased their price objective on shares of TotalEnergies from $74.00 to $92.00 and gave the stock a “neutral” rating in a research note on Thursday, March 12th. Kepler Capital Markets raised shares of TotalEnergies from a “reduce” rating to a “hold” rating in a report on Thursday, April 23rd. Finally, JPMorgan Chase & Co. raised shares of TotalEnergies from a “neutral” rating to an “overweight” rating in a report on Monday, March 2nd. Ten investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company 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.