Vise Technologies Inc. Buys Shares of 19,353 TotalEnergies SE Sponsored ADR $TTE

Vise Technologies Inc. purchased a new stake in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 19,353 shares of the company’s stock, valued at approximately $1,188,000.

Other large investors have also recently bought and sold shares of the company. Goldman Sachs Group Inc. raised its holdings in shares of TotalEnergies by 53.0% in the first quarter. Goldman Sachs Group Inc. now owns 3,232,525 shares of the company’s stock valued at $209,112,000 after buying an additional 1,119,406 shares during the last quarter. Alyeska Investment Group L.P. boosted its holdings in TotalEnergies by 287.2% during the first quarter. Alyeska Investment Group L.P. now owns 1,247,765 shares of the company’s stock worth $80,718,000 after purchasing an additional 925,541 shares during the last quarter. Federated Hermes Inc. grew its holdings in TotalEnergies by 23.1% during the first quarter. Federated Hermes Inc. now owns 3,552,025 shares of the company’s stock worth $229,780,000 after purchasing an additional 665,620 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its holdings in TotalEnergies by 295.5% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 545,749 shares of the company’s stock valued at $33,504,000 after acquiring an additional 407,751 shares during the period. Finally, Natixis Advisors LLC grew its position in TotalEnergies by 17.3% during the first quarter. Natixis Advisors LLC now owns 2,160,096 shares of the company’s stock worth $139,737,000 after buying an additional 318,225 shares in the last quarter. Institutional investors and hedge funds own 16.53% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Piper Sandler boosted their target price on shares of TotalEnergies from $69.00 to $70.00 and gave the stock a “neutral” rating in a report on Monday. Berenberg Bank lowered shares of TotalEnergies from a “buy” rating to a “hold” rating and set a $64.00 price objective on the stock. in a research note on Thursday, September 25th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of TotalEnergies in a report on Wednesday, October 8th. BNP Paribas Exane reissued a “neutral” rating on shares of TotalEnergies in a research report on Tuesday, September 23rd. Finally, Dbs Bank lowered shares of TotalEnergies from a “moderate buy” rating to a “hold” rating in a report on Thursday, November 6th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, TotalEnergies has a consensus rating of “Moderate Buy” and an average price target of $66.96.

TotalEnergies Price Performance

Shares of TTE traded up $1.11 during mid-day trading on Thursday, hitting $65.06. 83,997 shares of the company were exchanged, compared to its average volume of 1,577,917. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.81 and a current ratio of 1.00. The stock has a market cap of $155.99 billion, a price-to-earnings ratio of 11.80, a price-to-earnings-growth ratio of 1.50 and a beta of 0.50. The company has a 50 day moving average of $61.19 and a 200-day moving average of $60.92. TotalEnergies SE Sponsored ADR has a 1-year low of $52.78 and a 1-year high of $65.76.

TotalEnergies (NYSE:TTE) last posted its quarterly earnings results on Thursday, October 30th. The company reported $1.77 earnings per share for the quarter, missing analysts’ consensus estimates of $1.81 by ($0.04). TotalEnergies had a net margin of 6.20% and a return on equity of 13.59%. The business had revenue of $43.84 billion during the quarter, compared to analyst estimates of $43.66 billion. Analysts expect that TotalEnergies SE Sponsored ADR will post 8.02 EPS for the current fiscal year.

TotalEnergies Profile

TotalEnergies SE, a multi-energy company, produces and markets oil and biofuels, natural gas, green gases, renewables, and electricity in France, rest of Europe, North America, Africa, and internationally. It operates through five segments: Exploration & Production, Integrated LNG, Integrated Power, Refining & Chemicals, and Marketing & Services.