Tidal Investments LLC Decreases Stock Position in TotalEnergies SE Sponsored ADR $TTE

Tidal Investments LLC cut its position in TotalEnergies SE Sponsored ADR (NYSE:TTE) by 13.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 701,883 shares of the company’s stock after selling 107,855 shares during the quarter. Tidal Investments LLC’s holdings in TotalEnergies were worth $53,257,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in TTE. MGO One Seven LLC raised its stake in TotalEnergies by 1.3% in the 4th 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 during the period. Fiduciary Financial Group LLC boosted its position 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 period. Financial Management Professionals Inc. increased its stake in shares of TotalEnergies by 36.0% in the second quarter. Financial Management Professionals Inc. now owns 589 shares of the company’s stock worth $46,000 after purchasing an additional 156 shares in the last quarter. World Investment Advisors raised its position in shares of TotalEnergies by 2.0% in the first quarter. World Investment Advisors now owns 8,448 shares of the company’s stock valued at $771,000 after purchasing an additional 165 shares during the period. Finally, Planned Solutions Inc. lifted its stake in shares of TotalEnergies by 5.6% during the 2nd quarter. Planned Solutions Inc. now owns 3,162 shares of the company’s stock valued at $246,000 after buying an additional 168 shares in the last quarter. Hedge funds and other institutional investors own 16.53% of the company’s stock.

TotalEnergies Stock Up 1.8%

TTE opened at $91.69 on Thursday. The firm has a market capitalization of $219.85 billion, a P/E ratio of 11.48, a price-to-earnings-growth ratio of 3.07 and a beta of 0.13. TotalEnergies SE Sponsored ADR has a one year low of $57.39 and a one year high of $94.17. The company has a fifty day moving average price of $85.43 and a 200-day moving average price of $86.24. 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 released its quarterly earnings results on Tuesday, June 30th. The company reported $2.68 earnings per share for the quarter. The firm had revenue of $57.10 billion for the quarter. TotalEnergies had a return on equity of 15.66% and a net margin of 8.29%. Equities research analysts expect that TotalEnergies SE Sponsored ADR will post 11.04 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on TTE. Zacks Research cut shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. Morgan Stanley set a $90.00 price target on TotalEnergies and gave the company an “equal weight” rating in a research report on Thursday, September 3rd. Weiss Ratings upgraded TotalEnergies from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, July 24th. TD Cowen increased their price objective on TotalEnergies from $102.00 to $105.00 and gave the stock a “buy” rating in a report on Friday, July 24th. Finally, Mizuho assumed coverage on TotalEnergies in a research note on Monday, July 20th. They issued an “outperform” rating and a $103.00 target price for the company. Ten investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $88.50.

TotalEnergies Company Profile

TotalEnergies SE (NYSE:TTE) is a French multinational energy company engaged in the production, processing and distribution of energy. Its operations span oil and natural gas exploration and production, liquefied natural gas, refining, petrochemicals, fuels, lubricants and other petroleum products.

The company is also expanding its electricity and renewable energy businesses, including solar and wind power, battery storage and electric-vehicle charging services. TotalEnergies serves customers across international markets through activities covering the energy supply chain, from upstream production to transportation, refining, marketing and power generation.

Founded in 1924 as Compagnie française des pétroles, the company operated under the Total name for many years before adopting the TotalEnergies name in 2021 to reflect its broader focus on multiple forms of energy.