Fisher Asset Management LLC Sells 564,644 Shares of TotalEnergies SE Sponsored ADR $TTE

Fisher Asset Management LLC lowered its holdings in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) by 7.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,439,257 shares of the company’s stock after selling 564,644 shares during the period. Fisher Asset Management LLC owned approximately 0.31% of TotalEnergies worth $636,057,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Amundi acquired a new position in TotalEnergies in the first quarter valued at approximately $18,868,822,000. DekaBank Deutsche Girozentrale acquired a new stake in shares of TotalEnergies during the 1st quarter worth approximately $1,103,799,000. Arrowstreet Capital Limited Partnership acquired a new stake in shares of TotalEnergies during the 1st quarter worth approximately $378,821,000. Janus Henderson Group PLC grew its position in shares of TotalEnergies by 25.2% during the 1st quarter. Janus Henderson Group PLC now owns 11,349,122 shares of the company’s stock worth $1,055,775,000 after buying an additional 2,287,500 shares during the period. Finally, DJE Kapital AG increased its stake in shares of TotalEnergies by 91.1% in the 1st quarter. DJE Kapital AG now owns 3,052,518 shares of the company’s stock valued at $282,461,000 after acquiring an additional 1,455,230 shares in the last quarter. 16.53% of the stock is currently owned by institutional investors.

TotalEnergies Trading Up 1.8%

NYSE TTE opened at $89.50 on Friday. The company has a market cap of $214.59 billion, a price-to-earnings ratio of 8.94 and a beta of 0.14. TotalEnergies SE Sponsored ADR has a 52 week low of $62.15 and a 52 week high of $95.78. The business has a 50 day moving average price of $89.73 and a 200-day moving average price of $86.06. The company has a quick ratio of 0.89, a current ratio of 1.11 and a debt-to-equity ratio of 0.36.

TotalEnergies (NYSE:TTE) last issued its earnings results on Friday, October 30th. The company reported $4.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.84 by $0.19. TotalEnergies had a return on equity of 19.08% and a net margin of 9.61%. The company had revenue of $61.86 billion for the quarter, compared to analysts’ expectations of $55.39 billion. As a group, equities analysts expect that TotalEnergies SE Sponsored ADR will post 12.95 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on TTE shares. Weiss Ratings upgraded shares of TotalEnergies from a “buy (b)” rating to a “buy (a-)” rating in a research report on Wednesday, November 4th. JPMorgan Chase & Co. downgraded shares of TotalEnergies from an “overweight” rating to a “neutral” rating in a research note on Wednesday, September 23rd. Piper Sandler upped their price objective on shares of TotalEnergies from $84.00 to $93.00 and gave the company a “neutral” rating in a report on Thursday, September 3rd. Mizuho set a $108.00 price objective on shares of TotalEnergies in a research report on Friday, October 16th. Finally, TD Cowen reduced their target price on TotalEnergies from $108.00 to $105.00 and set a “buy” rating for the company in a research note on Tuesday, October 13th. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $96.00.

TotalEnergies 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.