TotalEnergies SE Sponsored ADR $TTE Stock Position Lowered by ABN AMRO Bank N.V.

ABN AMRO Bank N.V. decreased its position in TotalEnergies SE Sponsored ADR (NYSE:TTE) by 16.1% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 1,580,934 shares of the company’s stock after selling 302,948 shares during the period. TotalEnergies comprises about 1.6% of ABN AMRO Bank N.V.’s investment portfolio, making the stock its 25th biggest holding. ABN AMRO Bank N.V.’s holdings in TotalEnergies were worth $148,372,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TTE. YANKCOM Partnership raised its stake in TotalEnergies by 146.8% during the 4th quarter. YANKCOM Partnership now owns 390 shares of the company’s stock valued at $25,000 after purchasing an additional 232 shares during the period. MH & Associates Securities Management Corp ADV acquired a new stake in shares of TotalEnergies in the fourth quarter worth $29,000. Lodestone Wealth Management LLC acquired a new stake in shares of TotalEnergies in the fourth quarter worth $32,000. Elyxium Wealth LLC purchased a new position in shares of TotalEnergies during the fourth quarter valued at $33,000. Finally, SHP Wealth Management purchased a new position in shares of TotalEnergies during the fourth quarter valued at $37,000. 16.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on TTE shares. Piper Sandler increased their price objective on TotalEnergies from $74.00 to $92.00 and gave the stock a “neutral” rating in a research note on Thursday, March 12th. Wall Street Zen raised TotalEnergies from a “hold” rating to a “buy” rating in a research note on Saturday, June 20th. Weiss Ratings upgraded TotalEnergies from a “hold (c)” rating to a “buy (b-)” rating in a report on Friday, May 1st. BNP Paribas Exane upgraded TotalEnergies from a “neutral” rating to an “outperform” rating in a report on Friday, April 17th. Finally, TD Cowen reissued a “buy” rating on shares of TotalEnergies in a research report on Monday, April 20th. 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 stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $84.33.

TotalEnergies Stock Performance

TTE stock opened at $76.76 on Friday. The company has a quick ratio of 0.85, a current ratio of 1.08 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $184.05 billion, a price-to-earnings ratio of 11.37, a P/E/G ratio of 2.60 and a beta of 0.12. TotalEnergies SE Sponsored ADR has a 12 month low of $57.39 and a 12 month high of $94.17. The firm has a 50 day moving average of $88.15 and a two-hundred day moving average of $80.12.

TotalEnergies (NYSE:TTE) last released its quarterly earnings results on Wednesday, April 29th. The company reported $2.45 earnings per share for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $44.58 billion. As a group, equities analysts anticipate that TotalEnergies SE Sponsored ADR will post 11.09 EPS for the current fiscal year.

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.