OLD National Bancorp IN Reduces Position in TotalEnergies SE Sponsored ADR $TTE

OLD National Bancorp IN lessened its stake in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) by 17.6% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,535 shares of the company’s stock after selling 1,605 shares during the quarter. OLD National Bancorp IN’s holdings in TotalEnergies were worth $463,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. HighTower Advisors LLC boosted its stake in shares of TotalEnergies by 2.5% during the first quarter. HighTower Advisors LLC now owns 768,826 shares of the company’s stock valued at $49,735,000 after purchasing an additional 19,043 shares during the period. Sowell Financial Services LLC purchased a new stake in shares of TotalEnergies during the first quarter valued at approximately $280,000. Leo Wealth LLC raised its holdings in shares of TotalEnergies by 106.7% during the first quarter. Leo Wealth LLC now owns 20,931 shares of the company’s stock valued at $1,354,000 after acquiring an additional 10,805 shares in the last quarter. Banco Santander S.A. lifted its stake in TotalEnergies by 26.1% in the first quarter. Banco Santander S.A. now owns 66,888 shares of the company’s stock worth $4,327,000 after acquiring an additional 13,850 shares during the period. Finally, Fred Alger Management LLC lifted its stake in TotalEnergies by 8.1% in the first quarter. Fred Alger Management LLC now owns 80,432 shares of the company’s stock worth $5,260,000 after acquiring an additional 6,044 shares during the period. Hedge funds and other institutional investors own 16.53% of the company’s stock.

TotalEnergies Stock Performance

Shares of TotalEnergies stock opened at $59.47 on Wednesday. The company has a current ratio of 1.00, a quick ratio of 0.81 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $142.58 billion, a P/E ratio of 10.79, a P/E/G ratio of 1.41 and a beta of 0.53. The business has a fifty day simple moving average of $61.39 and a two-hundred day simple moving average of $60.59. TotalEnergies SE Sponsored ADR has a 12 month low of $52.78 and a 12 month high of $68.80.

TotalEnergies (NYSE:TTE) last announced its quarterly earnings data on Thursday, July 24th. The company reported $1.57 EPS for the quarter, missing the consensus estimate of $1.62 by ($0.05). The firm had revenue of $44.68 billion for the quarter, compared to analysts’ expectations of $42.44 billion. TotalEnergies had a net margin of 6.20% and a return on equity of 13.59%. On average, equities analysts forecast that TotalEnergies SE Sponsored ADR will post 8.02 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. BNP Paribas lowered TotalEnergies from an “outperform” rating to a “hold” rating in a research note on Tuesday, September 23rd. Piper Sandler raised their price target on TotalEnergies from $66.00 to $68.00 and gave the stock a “neutral” rating in a research note on Monday, August 18th. BNP Paribas Exane reaffirmed a “neutral” rating on shares of TotalEnergies in a research note on Tuesday, September 23rd. Sanford C. Bernstein raised TotalEnergies from a “market perform” rating to an “outperform” rating in a research note on Monday, June 16th. Finally, Scotiabank set a $65.00 price target on TotalEnergies and gave the stock a “sector perform” rating in a research note on Friday, July 11th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $64.45.

TotalEnergies 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.