Verus Capital Partners LLC Sells 7,805 Shares of TotalEnergies SE Sponsored ADR $TTE

Verus Capital Partners LLC decreased its stake in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) by 41.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,904 shares of the company’s stock after selling 7,805 shares during the quarter. Verus Capital Partners LLC’s holdings in TotalEnergies were worth $992,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. MGO One Seven LLC increased its holdings in shares of TotalEnergies by 1.3% during the fourth quarter. MGO One Seven LLC now owns 10,410 shares of the company’s stock valued at $681,000 after acquiring an additional 137 shares in the last quarter. Clear Creek Financial Management LLC raised its position in shares of TotalEnergies by 2.4% in the 4th quarter. Clear Creek Financial Management LLC now owns 6,334 shares of the company’s stock worth $414,000 after purchasing an additional 150 shares during the last quarter. World Investment Advisors boosted its stake in TotalEnergies by 2.0% in the 1st quarter. World Investment Advisors now owns 8,448 shares of the company’s stock worth $771,000 after purchasing an additional 165 shares in the last quarter. Sigma Planning Corp boosted its stake in TotalEnergies by 2.3% in the 1st quarter. Sigma Planning Corp now owns 7,577 shares of the company’s stock worth $690,000 after purchasing an additional 169 shares in the last quarter. Finally, Bruce G. Allen Investments LLC grew its position in TotalEnergies by 4.4% during the 4th quarter. Bruce G. Allen Investments LLC now owns 4,091 shares of the company’s stock valued at $268,000 after purchasing an additional 172 shares during the last quarter. 16.53% of the stock is owned by institutional investors.

TotalEnergies Trading Up 1.3%

TotalEnergies stock opened at $88.12 on Friday. TotalEnergies SE Sponsored ADR has a one year low of $57.39 and a one year high of $94.17. The business’s fifty day moving average is $83.36 and its 200 day moving average is $82.91. The stock has a market capitalization of $211.29 billion, a PE ratio of 11.03, a price-to-earnings-growth ratio of 3.13 and a beta of 0.14. 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 (NYSE:TTE) last issued its earnings results on Tuesday, June 30th. The company reported $2.68 earnings per share for the quarter. The business had revenue of $57.10 billion during the quarter. TotalEnergies had a return on equity of 15.66% and a net margin of 8.29%. On average, sell-side analysts predict that TotalEnergies SE Sponsored ADR will post 10.55 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have weighed in on TTE shares. Morgan Stanley restated an “overweight” rating on shares of TotalEnergies in a research note on Tuesday, May 12th. TD Cowen upped their target price on shares of TotalEnergies from $102.00 to $105.00 and gave the stock a “buy” rating in a research note on Friday, July 24th. Wall Street Zen cut shares of TotalEnergies from a “buy” rating to a “hold” rating in a report on Saturday, July 4th. Scotiabank raised their price target on shares of TotalEnergies from $73.00 to $97.00 and gave the company a “sector perform” rating in a research report on Wednesday, April 22nd. Finally, Kepler Capital Markets raised shares of TotalEnergies from a “reduce” rating to a “hold” rating in a research report on Thursday, April 23rd. Eleven equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, TotalEnergies currently has a consensus rating of “Moderate Buy” and an average price target of $87.14.

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.