TotalEnergies SE Sponsored ADR $TTE Shares Sold by Agate Pass Investment Management LLC

Agate Pass Investment Management LLC cut its stake in TotalEnergies SE Sponsored ADR (NYSE:TTE) by 46.1% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 3,270 shares of the company’s stock after selling 2,800 shares during the period. Agate Pass Investment Management LLC’s holdings in TotalEnergies were worth $201,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD increased its position in TotalEnergies by 4.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 4,303,052 shares of the company’s stock worth $278,366,000 after buying an additional 169,435 shares during the period. Federated Hermes Inc. increased its position in TotalEnergies by 23.1% in the first quarter. Federated Hermes Inc. now owns 3,552,025 shares of the company’s stock worth $229,780,000 after buying an additional 665,620 shares during the period. Goldman Sachs Group Inc. increased its position in TotalEnergies by 53.0% in the first quarter. Goldman Sachs Group Inc. now owns 3,232,525 shares of the company’s stock worth $209,112,000 after buying an additional 1,119,406 shares during the period. Raymond James Financial Inc. increased its position in TotalEnergies by 9.9% in the first quarter. Raymond James Financial Inc. now owns 3,146,792 shares of the company’s stock worth $203,566,000 after buying an additional 283,595 shares during the period. Finally, Royal Bank of Canada increased its position in TotalEnergies by 6.4% in the first quarter. Royal Bank of Canada now owns 3,104,000 shares of the company’s stock worth $200,797,000 after buying an additional 186,562 shares during the period. 16.53% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on TTE shares. Scotiabank increased their target price on TotalEnergies from $65.00 to $67.00 and gave the stock a “sector perform” rating in a research report on Thursday. Piper Sandler raised their price target on TotalEnergies from $66.00 to $68.00 and gave the company a “neutral” rating in a report on Monday, August 18th. Royal Bank Of Canada reissued an “outperform” rating on shares of TotalEnergies in a report on Tuesday, September 30th. BNP Paribas lowered TotalEnergies from an “outperform” rating to a “hold” rating in a report on Tuesday, September 23rd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of TotalEnergies in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $64.95.

TotalEnergies Trading Down 1.9%

Shares of TTE stock opened at $57.47 on Friday. The stock has a 50-day simple moving average of $61.33 and a 200 day simple moving average of $60.51. TotalEnergies SE Sponsored ADR has a fifty-two week low of $52.78 and a fifty-two week high of $68.58. The stock has a market capitalization of $137.79 billion, a P/E ratio of 10.43, a P/E/G ratio of 1.38 and a beta of 0.53. 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 (NYSE:TTE) last announced its earnings results on Thursday, July 24th. The company reported $1.57 earnings per share for the quarter, missing the consensus estimate of $1.62 by ($0.05). TotalEnergies had a net margin of 6.20% and a return on equity of 13.59%. The firm had revenue of $44.68 billion for the quarter, compared to the consensus estimate of $42.44 billion. On average, sell-side analysts expect that TotalEnergies SE Sponsored ADR will post 8.02 earnings per share for the current fiscal year.

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.