61,150 Shares in TotalEnergies SE Sponsored ADR $TTE Acquired by Drum Hill Capital LLC

Drum Hill Capital LLC bought a new position in TotalEnergies SE Sponsored ADR (NYSE:TTE) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 61,150 shares of the company’s stock, valued at approximately $4,000,000. TotalEnergies comprises approximately 4.2% of Drum Hill Capital LLC’s investment portfolio, making the stock its 10th biggest position.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. YANKCOM Partnership boosted its holdings in TotalEnergies by 146.8% in the fourth quarter. YANKCOM Partnership now owns 390 shares of the company’s stock worth $25,000 after purchasing an additional 232 shares during the last quarter. First Horizon Corp purchased a new stake in TotalEnergies in the third quarter worth approximately $25,000. MH & Associates Securities Management Corp ADV purchased a new stake in TotalEnergies in the fourth quarter worth approximately $29,000. Grey Fox Wealth Advisors LLC purchased a new stake in TotalEnergies in the third quarter worth approximately $29,000. Finally, Lodestone Wealth Management LLC purchased a new stake in TotalEnergies in the fourth quarter worth approximately $32,000. Hedge funds and other institutional investors own 16.53% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on TTE shares. Zacks Research upgraded shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a report on Monday, March 30th. Jefferies Financial Group upgraded shares of TotalEnergies from a “hold” rating to a “buy” rating in a research note on Thursday, January 8th. Freedom Capital cut shares of TotalEnergies from a “strong-buy” rating to a “strong sell” rating in a research note on Friday, February 13th. Citigroup reiterated a “buy” rating on shares of TotalEnergies in a research note on Thursday, February 12th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of TotalEnergies in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $77.54.

TotalEnergies Stock Down 4.0%

Shares of TTE stock opened at $87.37 on Thursday. The company has a market capitalization of $209.48 billion, a price-to-earnings ratio of 15.09, a PEG ratio of 3.88 and a beta of 0.13. TotalEnergies SE Sponsored ADR has a one year low of $56.31 and a one year high of $93.49. The company’s fifty day moving average price is $83.46 and its 200-day moving average price is $71.12. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.97 and a quick ratio of 0.79.

TotalEnergies (NYSE:TTE) last announced its quarterly earnings data on Wednesday, February 11th. The company reported $1.73 EPS for the quarter, beating the consensus estimate of $1.72 by $0.01. The firm had revenue of $45.93 billion for the quarter, compared to the consensus estimate of $36.69 billion. TotalEnergies had a net margin of 6.52% and a return on equity of 13.14%. Sell-side analysts expect that TotalEnergies SE Sponsored ADR will post 8.02 EPS for the current fiscal year.

About TotalEnergies

TotalEnergies SE (NYSE: TTE) is a French multinational integrated energy company engaged across the full energy value chain. Founded in 1924 as Compagnie Française des Pétroles, the company grew through a series of mergers and expansions—most notably with Petrofina and Elf Aquitaine around the turn of the millennium—and rebranded to TotalEnergies in 2021 to reflect a broader focus on multiple energy sources. It is organized to operate across upstream and downstream activities while pursuing a transition toward lower-carbon energy solutions.

In upstream, TotalEnergies explores for and produces crude oil and natural gas globally.