TotalEnergies SE Sponsored ADR $TTE Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lessened its holdings in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) by 3.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,769,675 shares of the company’s stock after selling 89,372 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.12% of TotalEnergies worth $170,030,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Price T Rowe Associates Inc. MD raised its holdings in shares of TotalEnergies by 4.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,303,052 shares of the company’s stock worth $278,366,000 after acquiring an additional 169,435 shares during the period. Federated Hermes Inc. raised its holdings in shares of TotalEnergies by 23.1% during the 1st quarter. Federated Hermes Inc. now owns 3,552,025 shares of the company’s stock worth $229,780,000 after acquiring an additional 665,620 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of TotalEnergies by 53.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,232,525 shares of the company’s stock worth $209,112,000 after acquiring an additional 1,119,406 shares during the period. Raymond James Financial Inc. raised its holdings in shares of TotalEnergies by 9.9% during the 1st quarter. Raymond James Financial Inc. now owns 3,146,792 shares of the company’s stock worth $203,566,000 after acquiring an additional 283,595 shares during the period. Finally, Royal Bank of Canada raised its holdings in shares of TotalEnergies by 6.4% during the 1st quarter. Royal Bank of Canada now owns 3,104,000 shares of the company’s stock worth $200,797,000 after acquiring an additional 186,562 shares during the period. Hedge funds and other institutional investors own 16.53% of the company’s stock.

TotalEnergies Stock Up 0.6%

Shares of NYSE:TTE opened at $62.45 on Tuesday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.00 and a quick ratio of 0.81. The firm has a market capitalization of $149.74 billion, a PE ratio of 11.33, a price-to-earnings-growth ratio of 1.50 and a beta of 0.53. The firm’s 50-day moving average is $61.29 and its two-hundred day moving average is $60.56. TotalEnergies SE Sponsored ADR has a 1 year low of $52.78 and a 1 year high of $65.76.

Analyst Ratings Changes

TTE has been the topic of several analyst reports. BNP Paribas Exane reiterated a “neutral” rating on shares of TotalEnergies in a report on Tuesday, September 23rd. BNP Paribas lowered shares of TotalEnergies from an “outperform” rating to a “hold” rating in a report on Tuesday, September 23rd. Scotiabank boosted their price objective on shares of TotalEnergies from $65.00 to $67.00 and gave the company a “sector perform” rating in a report on Thursday, October 9th. Berenberg Bank lowered shares of TotalEnergies from a “buy” rating to a “hold” rating and set a $64.00 price objective on the stock. in a report on Thursday, September 25th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of TotalEnergies in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, TotalEnergies presently has an average rating of “Moderate Buy” and a consensus target price of $65.20.

TotalEnergies Company Profile

TotalEnergies SE, a multi-energy company, produces and markets oil and biofuels, natural gas, green gases, renewables, and electricity in France, rest of Europe, North America, Africa, and internationally. It operates through five segments: Exploration & Production, Integrated LNG, Integrated Power, Refining & Chemicals, and Marketing & Services.