TotalEnergies SE Sponsored ADR $TTE Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC trimmed its holdings in TotalEnergies SE Sponsored ADR (NYSE:TTE) by 43.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 30,411 shares of the company’s stock after selling 23,091 shares during the quarter. Yousif Capital Management LLC’s holdings in TotalEnergies were worth $2,044,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of TTE. First Horizon Corp acquired a new position in shares of TotalEnergies in the 3rd quarter valued at $25,000. YANKCOM Partnership increased its stake in TotalEnergies by 146.8% in the 4th quarter. YANKCOM Partnership now owns 390 shares of the company’s stock valued at $25,000 after buying an additional 232 shares during the period. Grey Fox Wealth Advisors LLC acquired a new position in TotalEnergies in the 3rd quarter valued at $29,000. Lodestone Wealth Management LLC acquired a new position in TotalEnergies in the 4th quarter valued at $32,000. Finally, Salomon & Ludwin LLC increased its stake in TotalEnergies by 1,177.3% in the 3rd quarter. Salomon & Ludwin LLC now owns 562 shares of the company’s stock valued at $34,000 after buying an additional 518 shares during the period. 16.53% of the stock is owned by institutional investors and hedge funds.

TotalEnergies Price Performance

Shares of NYSE TTE opened at $93.39 on Tuesday. The firm has a market capitalization of $223.92 billion, a P/E ratio of 16.13, a PEG ratio of 3.95 and a beta of 0.13. TotalEnergies SE Sponsored ADR has a one year low of $56.31 and a one year high of $93.49. The company’s fifty day moving average is $82.87 and its two-hundred day moving average is $70.81. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.79 and a current ratio of 0.97.

TotalEnergies (NYSE:TTE) last issued its earnings results on Wednesday, February 11th. The company reported $1.73 EPS for the quarter, topping the consensus estimate of $1.72 by $0.01. The company had revenue of $45.93 billion for the quarter, compared to analyst estimates of $36.69 billion. TotalEnergies had a net margin of 6.52% and a return on equity of 13.14%. Analysts forecast that TotalEnergies SE Sponsored ADR will post 8.02 EPS for the current fiscal year.

Analysts Set New Price Targets

TTE has been the topic of several recent research reports. Scotiabank raised shares of TotalEnergies to a “hold” rating in a research note on Friday, March 27th. Citigroup reissued a “buy” rating on shares of TotalEnergies in a research note on Thursday, February 12th. JPMorgan Chase & Co. raised shares of TotalEnergies from a “neutral” rating to an “overweight” rating in a research note on Monday, March 2nd. Piper Sandler boosted their price objective on shares of TotalEnergies from $74.00 to $92.00 and gave the company a “neutral” rating in a research note on Thursday, March 12th. Finally, Morgan Stanley reissued an “overweight” rating on shares of TotalEnergies in a research note on Tuesday, January 6th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $77.54.

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.