TotalEnergies SE Sponsored ADR $TTE Stake Lowered by MGO One Seven LLC

MGO One Seven LLC lowered its stake in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) by 40.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,421 shares of the company’s stock after selling 5,760 shares during the period. MGO One Seven LLC’s holdings in TotalEnergies were worth $720,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. BIP Wealth LLC lifted its position in shares of TotalEnergies by 4.0% during the 3rd quarter. BIP Wealth LLC now owns 2,896 shares of the company’s stock valued at $248,000 after acquiring an additional 111 shares during the period. Visionary Horizons LLC increased its stake in TotalEnergies by 3.4% in the 3rd quarter. Visionary Horizons LLC now owns 3,396 shares of the company’s stock valued at $290,000 after purchasing an additional 112 shares in the last quarter. Obermeyer Wealth Partners increased its stake in TotalEnergies by 0.6% in the 3rd quarter. Obermeyer Wealth Partners now owns 20,591 shares of the company’s stock valued at $1,765,000 after purchasing an additional 119 shares in the last quarter. Crumly & Associates Inc. raised its holdings in TotalEnergies by 1.6% during the third quarter. Crumly & Associates Inc. now owns 9,206 shares of the company’s stock worth $787,000 after purchasing an additional 148 shares during the last quarter. Finally, Fiduciary Financial Group LLC raised its holdings in TotalEnergies by 5.9% during the second quarter. Fiduciary Financial Group LLC now owns 2,767 shares of the company’s stock worth $215,000 after purchasing an additional 154 shares during the last quarter. 16.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on TTE shares. Morgan Stanley lowered TotalEnergies from an “overweight” rating to an “equal weight” rating and set a $90.00 target price on the stock. in a report on Thursday, September 3rd. Wall Street Zen raised TotalEnergies from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Barclays reiterated an “overweight” rating on shares of TotalEnergies in a research report on Monday, October 5th. Mizuho set a $108.00 price objective on shares of TotalEnergies in a research note on Friday, October 16th. Finally, HSBC upgraded shares of TotalEnergies from a “hold” rating to a “buy” rating in a report on Friday, September 25th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $96.00.

TotalEnergies Price Performance

NYSE:TTE traded down $0.79 during trading hours on Friday, reaching $87.97. 1,093,441 shares of the company traded hands, compared to its average volume of 2,293,455. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.11 and a quick ratio of 0.89. The firm’s 50-day moving average is $89.78 and its 200-day moving average is $85.67. The stock has a market cap of $210.91 billion, a P/E ratio of 8.79 and a beta of 0.14. TotalEnergies SE Sponsored ADR has a 1-year low of $61.63 and a 1-year high of $95.78.

TotalEnergies (NYSE:TTE) last released its quarterly earnings results on Friday, October 30th. The company reported $4.03 earnings per share for the quarter, topping analysts’ consensus estimates of $3.84 by $0.19. The company had revenue of $61.86 billion during the quarter, compared to analysts’ expectations of $55.39 billion. TotalEnergies had a return on equity of 19.08% and a net margin of 9.61%. Equities research analysts expect that TotalEnergies SE Sponsored ADR will post 12.72 earnings per share for the current fiscal year.

TotalEnergies Company Profile

TotalEnergies SE is a France-based integrated energy company with operations spanning the oil and natural gas value chain. Its activities include exploring for and producing hydrocarbons, processing and refining them, and supplying energy products to customers.

The company also markets natural gas, including liquefied natural gas, and operates in electricity generation and renewable energy. Its portfolio includes solar and wind power, as well as energy storage and related services.

Founded in 1924 as Compagnie française des pétroles, the company has expanded and evolved through acquisitions and business changes.