TotalEnergies SE Sponsored ADR $TTE Stock Sold by Ninety One UK Ltd

Ninety One UK Ltd lowered its stake in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) by 10.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 892,650 shares of the company’s stock after selling 101,093 shares during the quarter. Ninety One UK Ltd’s holdings in TotalEnergies were worth $76,753,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Robinswood Financial LLC purchased a new stake in TotalEnergies in the first quarter valued at $27,000. Pin Oak Investment Advisors Inc. acquired a new position in TotalEnergies in the second quarter valued at $30,000. SHP Wealth Management acquired a new position in TotalEnergies in the fourth quarter valued at $37,000. Maseco LLP boosted its stake in TotalEnergies by 119.9% in the first quarter. Maseco LLP now owns 420 shares of the company’s stock valued at $38,000 after acquiring an additional 229 shares in the last quarter. Finally, Cassaday & Co Wealth Management LLC purchased a new position in shares of TotalEnergies during the first quarter worth about $39,000. Hedge funds and other institutional investors own 16.53% of the company’s stock.

TotalEnergies Stock Performance

Shares of TotalEnergies stock traded down $0.66 during trading on Thursday, reaching $88.98. The company’s stock had a trading volume of 1,852,328 shares, compared to its average volume of 1,777,841. The company has a 50-day moving average price of $88.68 and a two-hundred day moving average price of $87.34. TotalEnergies SE Sponsored ADR has a fifty-two week low of $60.31 and a fifty-two week high of $94.17. The firm has a market cap of $213.36 billion, a PE ratio of 11.12 and a beta of 0.18. The company has a current ratio of 1.06, a quick ratio of 0.85 and a debt-to-equity ratio of 0.38.

TotalEnergies (NYSE:TTE) last issued its quarterly earnings results on Tuesday, June 30th. The company reported $2.68 earnings per share for the quarter. TotalEnergies had a net margin of 8.29% and a return on equity of 15.66%. The firm had revenue of $57.10 billion during the quarter. On average, analysts forecast that TotalEnergies SE Sponsored ADR will post 12.18 EPS for the current year.

Analyst Upgrades and Downgrades

TTE has been the topic of a number of research analyst reports. JPMorgan Chase & Co. cut TotalEnergies from an “overweight” rating to a “neutral” rating in a research report on Wednesday, September 23rd. TD Cowen reduced their target price on TotalEnergies from $108.00 to $105.00 and set a “buy” rating for the company in a report on Tuesday. HSBC raised TotalEnergies from a “hold” rating to a “buy” rating in a research report on Friday, September 25th. Weiss Ratings raised TotalEnergies from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, July 24th. Finally, Barclays restated an “overweight” rating on shares of TotalEnergies in a research note on Monday, October 5th. Ten equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $92.00.

About TotalEnergies

TotalEnergies SE is a France-based, integrated energy company that produces and markets oil, natural gas, liquefied natural gas (LNG), electricity and low-carbon energy. Its operations span the energy value chain, including exploration and production, refining, petrochemicals, fuel distribution, lubricants, and energy trading.

The company is also expanding its renewable and electricity businesses, with activities in solar and wind power, battery storage, electric-vehicle charging and other lower-carbon energy solutions.