TotalEnergies SE (NYSE:TTE) Shares Sold by Sound Shore Management Inc. CT

Sound Shore Management Inc. CT lowered its stake in TotalEnergies SE (NYSE:TTE) by 3.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,006,342 shares of the company’s stock after selling 36,473 shares during the quarter. TotalEnergies comprises about 2.2% of Sound Shore Management Inc. CT’s portfolio, making the stock its 29th biggest holding. Sound Shore Management Inc. CT’s holdings in TotalEnergies were worth $67,103,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets grew its position in TotalEnergies by 159,211.0% during the first quarter. BNP Paribas Financial Markets now owns 434,919 shares of the company’s stock valued at $29,935,000 after purchasing an additional 434,646 shares in the last quarter. Cloverfields Capital Group LP raised its position in shares of TotalEnergies by 30.1% in the fourth quarter. Cloverfields Capital Group LP now owns 52,163 shares of the company’s stock valued at $3,515,000 after purchasing an additional 12,072 shares during the period. Gabelli Funds LLC lifted its holdings in shares of TotalEnergies by 5.5% during the first quarter. Gabelli Funds LLC now owns 309,200 shares of the company’s stock worth $21,282,000 after buying an additional 16,200 shares during the last quarter. Tweedy Browne Co LLC bought a new position in shares of TotalEnergies during the 1st quarter worth about $10,852,000. Finally, Norden Group LLC bought a new stake in shares of TotalEnergies in the 1st quarter worth approximately $1,300,000. Institutional investors own 13.22% of the company’s stock.

TotalEnergies Trading Down 0.1 %

TTE opened at $69.06 on Friday. The firm’s fifty day simple moving average is $67.91 and its 200 day simple moving average is $69.31. The stock has a market capitalization of $163.08 billion, a P/E ratio of 7.81, a P/E/G ratio of 1.78 and a beta of 0.64. The company has a current ratio of 1.11, a quick ratio of 0.87 and a debt-to-equity ratio of 0.35. TotalEnergies SE has a 12 month low of $62.28 and a 12 month high of $74.97.

TotalEnergies (NYSE:TTE) last announced its earnings results on Thursday, July 25th. The company reported $1.98 EPS for the quarter, missing the consensus estimate of $2.11 by ($0.13). TotalEnergies had a return on equity of 17.92% and a net margin of 9.49%. The business had revenue of $53.74 billion for the quarter, compared to analyst estimates of $60.45 billion. During the same quarter in the previous year, the company posted $1.99 EPS. As a group, research analysts anticipate that TotalEnergies SE will post 8.65 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on TTE shares. Scotiabank cut their price objective on TotalEnergies from $86.00 to $80.00 and set a “sector perform” rating for the company in a report on Friday, July 12th. Wolfe Research initiated coverage on TotalEnergies in a report on Thursday, July 18th. They set an “outperform” rating and a $87.00 target price on the stock.

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.