R Squared Ltd Sells 7,279 Shares of TotalEnergies SE Sponsored ADR $TTE

R Squared Ltd reduced its stake in TotalEnergies SE Sponsored ADR (NYSE:TTE) by 38.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 11,464 shares of the company’s stock after selling 7,279 shares during the period. R Squared Ltd’s holdings in TotalEnergies were worth $750,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. First Horizon Corp bought a new stake in TotalEnergies in the 3rd quarter valued at $25,000. YANKCOM Partnership increased its holdings in TotalEnergies by 146.8% in the 4th quarter. YANKCOM Partnership now owns 390 shares of the company’s stock valued at $25,000 after acquiring an additional 232 shares during the last quarter. Grey Fox Wealth Advisors LLC bought a new stake in TotalEnergies in the 3rd quarter valued at $29,000. MH & Associates Securities Management Corp ADV bought a new stake in TotalEnergies in the 4th quarter valued at $29,000. Finally, Lodestone Wealth Management LLC bought a new stake in TotalEnergies in the 4th quarter valued at $32,000. 16.53% of the stock is currently owned by institutional investors.

TotalEnergies Stock Performance

TotalEnergies stock opened at $88.86 on Tuesday. The company’s 50-day moving average price is $85.62 and its 200-day moving average price is $72.85. TotalEnergies SE Sponsored ADR has a twelve month low of $56.31 and a twelve month high of $93.49. The company has a quick ratio of 0.79, a current ratio of 0.97 and a debt-to-equity ratio of 0.42. The company has a market cap of $213.05 billion, a PE ratio of 15.35, a price-to-earnings-growth ratio of 3.90 and a beta of 0.13.

TotalEnergies (NYSE:TTE) last posted its earnings results on Wednesday, February 11th. The company reported $1.73 earnings per share for the quarter, topping analysts’ consensus estimates of $1.72 by $0.01. TotalEnergies had a net margin of 6.52% and a return on equity of 13.14%. The firm had revenue of $45.93 billion for the quarter, compared to the consensus estimate of $36.69 billion. On average, equities research analysts forecast that TotalEnergies SE Sponsored ADR will post 8.65 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on TTE shares. Wolfe Research reiterated an “outperform” rating and issued a $83.00 price target on shares of TotalEnergies in a report on Wednesday, January 21st. Zacks Research upgraded shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a report on Monday, March 30th. Citigroup reiterated a “buy” rating on shares of TotalEnergies in a report on Thursday, February 12th. Freedom Capital downgraded shares of TotalEnergies from a “strong-buy” rating to a “strong sell” rating in a report on Friday, February 13th. Finally, Kepler Capital Markets upgraded shares of TotalEnergies from a “reduce” rating to a “hold” rating in a report on Thursday, April 23rd. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $80.97.

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.