Bailard Inc. Buys 1,104 Shares of TotalEnergies SE Sponsored ADR $TTE

Bailard Inc. raised its position in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) by 6.6% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,838 shares of the company’s stock after acquiring an additional 1,104 shares during the period. Bailard Inc.’s holdings in TotalEnergies were worth $1,095,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in TTE. Goldman Sachs Group Inc. boosted its stake in shares of TotalEnergies by 53.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,232,525 shares of the company’s stock worth $209,112,000 after purchasing an additional 1,119,406 shares during the period. Alyeska Investment Group L.P. boosted its position in shares of TotalEnergies by 287.2% during the first quarter. Alyeska Investment Group L.P. now owns 1,247,765 shares of the company’s stock valued at $80,718,000 after buying an additional 925,541 shares during the period. Federated Hermes Inc. boosted its position in shares of TotalEnergies by 23.1% during the first quarter. Federated Hermes Inc. now owns 3,552,025 shares of the company’s stock valued at $229,780,000 after buying an additional 665,620 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of TotalEnergies by 295.5% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 545,749 shares of the company’s stock valued at $33,504,000 after buying an additional 407,751 shares during the last quarter. Finally, Natixis Advisors LLC raised its holdings in shares of TotalEnergies by 17.3% in 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 during the period. Hedge funds and other institutional investors own 16.53% of the company’s stock.

TotalEnergies Price Performance

NYSE:TTE opened at $64.89 on Friday. The company has a quick ratio of 0.81, a current ratio of 1.00 and a debt-to-equity ratio of 0.40. TotalEnergies SE Sponsored ADR has a 52 week low of $52.78 and a 52 week high of $65.76. The stock’s 50-day moving average price is $61.25 and its 200-day moving average price is $60.94. The stock has a market capitalization of $155.59 billion, a PE ratio of 11.78, a price-to-earnings-growth ratio of 1.50 and a beta of 0.50.

TotalEnergies (NYSE:TTE) last posted its quarterly earnings data 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 return on equity of 13.59% and a net margin of 6.20%.The company had revenue of $43.84 billion for the quarter, compared to analyst estimates of $43.66 billion. As a group, equities analysts expect that TotalEnergies SE Sponsored ADR will post 8.02 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on TTE. Weiss Ratings restated a “hold (c)” rating on shares of TotalEnergies in a report on Wednesday, October 8th. Piper Sandler boosted their price objective on shares of TotalEnergies from $69.00 to $70.00 and gave the stock a “neutral” rating in a research note on Monday. Dbs Bank cut shares of TotalEnergies from a “moderate buy” rating to a “hold” rating in a research report on Thursday, November 6th. Scotiabank lifted their price target on shares of TotalEnergies from $65.00 to $67.00 and gave the stock a “sector perform” rating in a report on Thursday, October 9th. Finally, BNP Paribas lowered TotalEnergies from an “outperform” rating to a “hold” rating in a report on Tuesday, September 23rd. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $66.96.

TotalEnergies Company 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.