TotalEnergies SE Sponsored ADR $TTE Shares Sold by QRG Capital Management Inc.

QRG Capital Management Inc. lessened its stake in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) by 35.8% during the 3rd quarter, Holdings Channel reports. The firm owned 122,458 shares of the company’s stock after selling 68,179 shares during the quarter. QRG Capital Management Inc.’s holdings in TotalEnergies were worth $7,310,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. First Horizon Corp acquired a new stake in shares of TotalEnergies during the third quarter worth $25,000. NewSquare Capital LLC raised its stake in TotalEnergies by 141.5% in the 2nd quarter. NewSquare Capital LLC now owns 495 shares of the company’s stock worth $30,000 after acquiring an additional 290 shares during the last quarter. Trust Co. of Toledo NA OH purchased a new position in TotalEnergies in the 2nd quarter worth $34,000. Salomon & Ludwin LLC lifted its position in TotalEnergies by 1,177.3% during the 3rd quarter. Salomon & Ludwin LLC now owns 562 shares of the company’s stock worth $34,000 after acquiring an additional 518 shares during the period. Finally, Twin Peaks Wealth Advisors LLC purchased a new stake in TotalEnergies during the 2nd quarter valued at about $38,000. Institutional investors and hedge funds own 16.53% of the company’s stock.

TotalEnergies Trading Up 0.9%

TotalEnergies stock opened at $66.23 on Friday. The firm has a market cap of $158.80 billion, a PE ratio of 10.70, a P/E/G ratio of 3.73 and a beta of 0.22. TotalEnergies SE Sponsored ADR has a 12 month low of $52.78 and a 12 month high of $67.14. The stock’s 50 day simple moving average is $65.19 and its two-hundred day simple moving average is $62.72. The company has a current ratio of 1.01, a quick ratio of 0.82 and a debt-to-equity ratio of 0.42.

TotalEnergies (NYSE:TTE) last posted its earnings results on Monday, November 3rd. The company reported $1.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.81 by ($0.04). TotalEnergies had a net margin of 6.98% and a return on equity of 13.54%. The firm had revenue of $87.69 billion during the quarter, compared to analyst estimates of $43.66 billion. Analysts anticipate that TotalEnergies SE Sponsored ADR will post 8.02 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on TTE shares. Morgan Stanley restated an “overweight” rating on shares of TotalEnergies in a research note on Tuesday, January 6th. HSBC downgraded shares of TotalEnergies from a “buy” rating to a “hold” rating in a report on Monday, December 1st. BNP Paribas Exane restated a “neutral” rating on shares of TotalEnergies in a research note on Tuesday, September 23rd. Loop Capital set a $73.00 price objective on shares of TotalEnergies in a research note on Monday, November 3rd. Finally, BNP Paribas cut shares of TotalEnergies from an “outperform” rating to a “hold” rating in a report on Tuesday, September 23rd. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $68.36.

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.