Groupe la Francaise Decreases Holdings in TotalEnergies SE Sponsored ADR $TTE

Groupe la Francaise reduced its position in TotalEnergies SE Sponsored ADR (NYSE:TTE) by 10.8% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 6,796,785 shares of the company’s stock after selling 821,115 shares during the period. TotalEnergies accounts for 6.1% of Groupe la Francaise’s investment portfolio, making the stock its 2nd biggest holding. Groupe la Francaise’s holdings in TotalEnergies were worth $511,159,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. AQR Capital Management LLC increased its position in TotalEnergies by 151.0% in the first quarter. AQR Capital Management LLC now owns 67,461 shares of the company’s stock worth $4,364,000 after purchasing an additional 40,586 shares during the period. Empowered Funds LLC lifted its position in TotalEnergies by 2.1% during the 1st quarter. Empowered Funds LLC now owns 40,988 shares of the company’s stock valued at $2,652,000 after purchasing an additional 835 shares during the period. Sivia Capital Partners LLC boosted its stake in shares of TotalEnergies by 17.7% in the 2nd quarter. Sivia Capital Partners LLC now owns 5,136 shares of the company’s stock valued at $315,000 after purchasing an additional 774 shares during the last quarter. Russell Investments Group Ltd. grew its position in shares of TotalEnergies by 14.9% during the 2nd quarter. Russell Investments Group Ltd. now owns 24,274 shares of the company’s stock worth $1,490,000 after buying an additional 3,151 shares during the period. Finally, Invesco Ltd. grew its position in shares of TotalEnergies by 7.3% during the 2nd quarter. Invesco Ltd. now owns 198,215 shares of the company’s stock worth $12,168,000 after buying an additional 13,536 shares during the period. Institutional investors own 16.53% of the company’s stock.

TotalEnergies Stock Performance

Shares of NYSE:TTE opened at $88.63 on Monday. The company has a market capitalization of $212.51 billion, a price-to-earnings ratio of 11.09, a P/E/G ratio of 3.08 and a beta of 0.13. The firm’s 50 day simple moving average is $84.63 and its 200 day simple moving average is $85.97. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.06 and a quick ratio of 0.85. TotalEnergies SE Sponsored ADR has a fifty-two week low of $57.39 and a fifty-two week high of $94.17.

TotalEnergies (NYSE:TTE) last released its quarterly earnings data on Tuesday, June 30th. The company reported $2.68 earnings per share for the quarter. The business had revenue of $57.10 billion for the quarter. TotalEnergies had a net margin of 8.29% and a return on equity of 15.66%. As a group, sell-side analysts forecast that TotalEnergies SE Sponsored ADR will post 10.83 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Piper Sandler increased their price objective on shares of TotalEnergies from $84.00 to $93.00 and gave the company a “neutral” rating in a report on Thursday. Wall Street Zen raised shares of TotalEnergies from a “hold” rating to a “buy” rating in a report on Monday, August 31st. Morgan Stanley set a $90.00 target price on shares of TotalEnergies and gave the company an “equal weight” rating in a research report on Thursday. Weiss Ratings raised TotalEnergies from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, July 24th. Finally, CICC Research initiated coverage on TotalEnergies in a research report on Tuesday, June 23rd. They issued an “outperform” rating on the stock. Ten investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus 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.