TotalEnergies SE Sponsored ADR $TTE Shares Sold by Groupe la Francaise

Key Points

• Groupe la Française cut its TotalEnergies position by 10.8% in the second quarter, selling 821,115 shares and retaining 6.8 million shares valued at approximately $511.2 million. TotalEnergies remains the investor’s second-largest holding.
• TotalEnergies shares opened at $88.63, with a market capitalization of $212.5 billion and a price-to-earnings ratio of 11.09. The company reported quarterly EPS of $2.68 on revenue of $57.1 billion.
• Analyst sentiment is mixed: TD Cowen raised its price target to $105 and Weiss upgraded the stock, while Morgan Stanley maintained an “equal weight” rating and Zacks downgraded it to “hold.” The consensus rating is “Hold,” with an average price target of $88.50.

Groupe la Francaise reduced its holdings in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) by 10.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,796,785 shares of the company's stock after selling 821,115 shares during the period. TotalEnergies comprises about 6.1% of Groupe la Francaise's investment portfolio, making the stock its 2nd biggest position. Groupe la Francaise owned 0.28% of TotalEnergies worth $511,159,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Robinswood Financial LLC acquired a new stake in TotalEnergies during the first quarter valued at approximately $27,000. Pin Oak Investment Advisors Inc. bought a new position in shares of TotalEnergies during the 2nd quarter worth approximately $30,000. Maseco LLP lifted its position in shares of TotalEnergies by 119.9% during the 1st quarter. Maseco LLP now owns 420 shares of the company's stock worth $38,000 after buying an additional 229 shares during the period. Cassaday & Co Wealth Management LLC acquired a new stake in TotalEnergies in the 1st quarter valued at $39,000. Finally, Elyxium Wealth LLC acquired a new stake in TotalEnergies in the 4th quarter valued at $33,000. Institutional investors and hedge funds own 16.53% of the company's stock.

TotalEnergies Price Performance

Shares of TTE stock opened at $88.63 on Monday. The stock's fifty day moving average is $84.63 and its 200-day moving average is $85.97. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.85 and a current ratio of 1.06. The stock has a market capitalization of $212.51 billion, a PE ratio of 11.09, a PEG ratio of 3.08 and a beta of 0.13. TotalEnergies SE Sponsored ADR has a 52 week low of $57.39 and a 52 week high of $94.17.

TotalEnergies (NYSE:TTE - Get Free Report) last released its quarterly earnings results on Tuesday, June 30th. The company reported $2.68 earnings per share (EPS) for the quarter. The business had revenue of $57.10 billion during the quarter. TotalEnergies had a return on equity of 15.66% and a net margin of 8.29%. Equities research analysts expect that TotalEnergies SE Sponsored ADR will post 10.83 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

TTE has been the subject of several recent analyst reports. Weiss Ratings upgraded TotalEnergies from a "buy (b-)" rating to a "buy (b)" rating in a research note on Friday, July 24th. TD Cowen upped their target price on shares of TotalEnergies from $102.00 to $105.00 and gave the stock a "buy" rating in a report on Friday, July 24th. Morgan Stanley set a $90.00 target price on shares of TotalEnergies and gave the stock an "equal weight" rating in a research report on Thursday. Zacks Research downgraded shares of TotalEnergies from a "strong-buy" rating to a "hold" rating in a report on Monday, May 25th. Finally, CICC Research initiated coverage on shares of TotalEnergies in a research report on Tuesday, June 23rd. They issued an "outperform" rating on the stock. Ten research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $88.50.

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.

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