Foster & Motley Inc. Sells 14,552 Shares of TotalEnergies SE Sponsored ADR $TTE

Foster & Motley Inc. decreased its position in TotalEnergies SE Sponsored ADR (NYSE:TTE) by 44.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,270 shares of the company’s stock after selling 14,552 shares during the quarter. Foster & Motley Inc.’s holdings in TotalEnergies were worth $1,662,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. YANKCOM Partnership lifted its position in TotalEnergies by 146.8% during the 4th quarter. YANKCOM Partnership now owns 390 shares of the company’s stock valued at $25,000 after acquiring an additional 232 shares during the period. Maseco LLP grew its holdings in shares of TotalEnergies by 119.9% in the first quarter. Maseco LLP now owns 420 shares of the company’s stock worth $38,000 after acquiring an additional 229 shares during the period. MH & Associates Securities Management Corp ADV purchased a new stake in shares of TotalEnergies during the 4th quarter valued at about $29,000. Lodestone Wealth Management LLC purchased a new position in shares of TotalEnergies during the 4th quarter worth $32,000. Finally, Elyxium Wealth LLC purchased a new stake in TotalEnergies in the fourth quarter worth about $33,000. 16.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently commented on TTE. Zacks Research downgraded TotalEnergies from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 25th. Kepler Capital Markets upgraded shares of TotalEnergies from a “reduce” rating to a “hold” rating in a research report on Thursday, April 23rd. BNP Paribas Exane upgraded TotalEnergies from a “neutral” rating to an “outperform” rating in a research report on Friday, April 17th. TD Cowen reissued a “buy” rating on shares of TotalEnergies in a research note on Monday, April 20th. Finally, Scotiabank upped their price objective on TotalEnergies from $73.00 to $97.00 and gave the company a “sector perform” rating in a research report on Wednesday, April 22nd. Ten investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, TotalEnergies currently has an average rating of “Moderate Buy” and a consensus price target of $84.33.

TotalEnergies Price Performance

Shares of TTE stock opened at $76.76 on Friday. TotalEnergies SE Sponsored ADR has a 52-week low of $57.39 and a 52-week high of $94.17. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.85 and a current ratio of 1.08. The firm has a market capitalization of $184.05 billion, a P/E ratio of 11.37, a P/E/G ratio of 2.65 and a beta of 0.12. The stock has a 50 day moving average price of $88.15 and a 200 day moving average price of $80.12.

TotalEnergies (NYSE:TTE) last announced its quarterly earnings data on Wednesday, April 29th. The company reported $2.45 EPS for the quarter, beating the consensus estimate of $2.22 by $0.23. TotalEnergies had a return on equity of 14.01% and a net margin of 7.43%.The company had revenue of $49.52 billion for the quarter, compared to the consensus estimate of $44.58 billion. As a group, sell-side analysts predict that TotalEnergies SE Sponsored ADR will post 11.09 earnings per share for the current year.

About TotalEnergies

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.