HighTower Advisors LLC grew its stake in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE – Free Report) by 2.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 747,545 shares of the company’s stock after acquiring an additional 20,564 shares during the quarter. HighTower Advisors LLC’s holdings in TotalEnergies were worth $48,904,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of TTE. YANKCOM Partnership increased its holdings in TotalEnergies by 146.8% in the 4th quarter. YANKCOM Partnership now owns 390 shares of the company’s stock worth $25,000 after buying an additional 232 shares in the last quarter. Grey Fox Wealth Advisors LLC bought a new stake in TotalEnergies in the 3rd quarter worth about $29,000. MH & Associates Securities Management Corp ADV bought a new stake in TotalEnergies in the 4th quarter worth about $29,000. Lodestone Wealth Management LLC bought a new stake in TotalEnergies in the 4th quarter worth about $32,000. Finally, Elyxium Wealth LLC bought a new stake in TotalEnergies in the 4th quarter worth about $33,000. 16.53% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
TTE has been the subject of several research analyst reports. Wall Street Zen upgraded TotalEnergies from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Scotiabank lifted their price objective on TotalEnergies from $73.00 to $97.00 and gave the stock a “sector perform” rating in a report on Wednesday, April 22nd. Piper Sandler lifted their price objective on TotalEnergies from $74.00 to $92.00 and gave the stock a “neutral” rating in a report on Thursday, March 12th. Weiss Ratings upgraded TotalEnergies from a “hold (c)” rating to a “buy (b-)” rating in a report on Friday, May 1st. Finally, Morgan Stanley reiterated an “overweight” rating on shares of TotalEnergies in a report on Tuesday, May 12th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $84.33.
TotalEnergies Trading Down 0.1%
Shares of NYSE:TTE opened at $92.45 on Friday. The stock has a market capitalization of $221.66 billion, a price-to-earnings ratio of 13.70, a PEG ratio of 3.29 and a beta of 0.14. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.85 and a current ratio of 1.08. The stock’s 50-day simple moving average is $89.77 and its two-hundred day simple moving average is $76.30. TotalEnergies SE Sponsored ADR has a 52-week low of $57.26 and a 52-week high of $94.17.
TotalEnergies (NYSE:TTE – Get Free Report) last announced its earnings results on Wednesday, April 29th. The company reported $2.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.22 by $0.23. The business had revenue of $49.52 billion for the quarter, compared to analysts’ expectations of $44.58 billion. TotalEnergies had a return on equity of 14.01% and a net margin of 7.43%. Analysts expect that TotalEnergies SE Sponsored ADR will post 10.58 EPS for the current year.
TotalEnergies Company Profile
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.
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