TotalEnergies SE Sponsored ADR $TTE Stock Holdings Lowered by Pzena Investment Management LLC

Pzena Investment Management LLC cut its holdings in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) by 27.3% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 16,082 shares of the company’s stock after selling 6,049 shares during the period. Pzena Investment Management LLC’s holdings in TotalEnergies were worth $1,375,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of TTE. Amundi purchased a new position in TotalEnergies during the first quarter worth approximately $18,868,822,000. DekaBank Deutsche Girozentrale acquired a new stake in TotalEnergies in the first quarter valued at approximately $1,103,799,000. Janus Henderson Group PLC grew its holdings in TotalEnergies by 25.2% in the first quarter. Janus Henderson Group PLC now owns 11,349,122 shares of the company’s stock valued at $1,055,775,000 after purchasing an additional 2,287,500 shares during the period. Bank of New York Mellon Corp increased its position in shares of TotalEnergies by 8.3% in the first quarter. Bank of New York Mellon Corp now owns 11,514,654 shares of the company’s stock valued at $1,047,603,000 after buying an additional 881,889 shares in the last quarter. Finally, Groupe la Francaise increased its position in shares of TotalEnergies by 8.9% in the first quarter. Groupe la Francaise now owns 7,617,900 shares of the company’s stock valued at $683,234,000 after buying an additional 624,764 shares in the last quarter. Hedge funds and other institutional investors own 16.53% of the company’s stock.

TotalEnergies Trading Down 2.0%

TTE stock opened at $88.62 on Friday. The company has a current ratio of 1.11, a quick ratio of 0.89 and a debt-to-equity ratio of 0.36. TotalEnergies SE Sponsored ADR has a 12-month low of $61.05 and a 12-month high of $95.78. The stock has a market cap of $212.48 billion, a price-to-earnings ratio of 8.85 and a beta of 0.14. The business’s 50-day moving average is $89.75 and its 200 day moving average is $85.56.

TotalEnergies (NYSE:TTE) last posted its quarterly earnings data on Friday, October 30th. The company reported $4.03 EPS for the quarter, topping the consensus estimate of $3.84 by $0.19. The company had revenue of $61.86 billion during the quarter, compared to analyst estimates of $55.39 billion. TotalEnergies had a return on equity of 19.08% and a net margin of 9.61%. On average, sell-side analysts anticipate that TotalEnergies SE Sponsored ADR will post 12.72 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on TTE. HSBC raised TotalEnergies from a “hold” rating to a “buy” rating in a research note on Friday, September 25th. Morgan Stanley cut shares of TotalEnergies from an “overweight” rating to an “equal weight” rating and set a $90.00 price target on the stock. in a research note on Thursday, September 3rd. JPMorgan Chase & Co. cut shares of TotalEnergies from an “overweight” rating to a “neutral” rating in a research note on Wednesday, September 23rd. Wall Street Zen raised shares of TotalEnergies from a “hold” rating to a “buy” rating in a report on Monday, August 31st. Finally, Zacks Research upgraded shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 19th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $96.00.

About TotalEnergies

TotalEnergies SE is a French multinational energy company that explores for, produces, processes and markets oil and natural gas. Established in 1924 as the Compagnie française des pétroles, the company adopted the TotalEnergies name in 2021 to reflect its broader focus on multiple forms of energy.

The company’s activities include liquefied natural gas, refining and petrochemicals, fuels, lubricants, and the operation of service stations. TotalEnergies also develops and sells electricity from renewable and other power-generation sources, including solar and wind projects, as well as energy-storage and electric-vehicle charging solutions.

TotalEnergies serves customers and operates projects across numerous regions, including Europe, Africa, the Middle East, the Americas and the Asia-Pacific region.