Procyon Advisors LLC bought a new stake in TotalEnergies SE Sponsored ADR (NYSE:TTE – Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 11,242 shares of the company’s stock, valued at approximately $1,023,000.
A number of other hedge funds have also recently modified their holdings of TTE. YANKCOM Partnership boosted its stake in TotalEnergies by 146.8% in the fourth quarter. YANKCOM Partnership now owns 390 shares of the company’s stock valued at $25,000 after acquiring an additional 232 shares in the last quarter. MH & Associates Securities Management Corp ADV acquired a new stake in shares of TotalEnergies during the fourth quarter worth about $29,000. Lodestone Wealth Management LLC acquired a new stake in shares of TotalEnergies during the fourth quarter worth about $32,000. Elyxium Wealth LLC purchased a new stake in shares of TotalEnergies in the 4th quarter valued at about $33,000. Finally, SHP Wealth Management purchased a new stake in shares of TotalEnergies in the 4th quarter valued at about $37,000. 16.53% of the stock is owned by hedge funds and other institutional investors.
TotalEnergies Price Performance
Shares of NYSE TTE opened at $80.98 on Wednesday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.08 and a quick ratio of 0.85. The stock has a fifty day moving average price of $85.24 and a 200 day moving average price of $81.29. TotalEnergies SE Sponsored ADR has a 1-year low of $57.39 and a 1-year high of $94.17. The company has a market cap of $194.17 billion, a PE ratio of 12.00, a P/E/G ratio of 2.89 and a beta of 0.14.
Wall Street Analysts Forecast Growth
A number of research analysts recently issued reports on the company. BNP Paribas Exane upgraded TotalEnergies from a “neutral” rating to an “outperform” rating in a research note on Friday, April 17th. Morgan Stanley reiterated an “overweight” rating on shares of TotalEnergies in a research note on Tuesday, May 12th. Kepler Capital Markets raised TotalEnergies from a “reduce” rating to a “hold” rating in a report on Thursday, April 23rd. Scotiabank raised their target price on shares of TotalEnergies from $73.00 to $97.00 and gave the stock a “sector perform” rating in a research report on Wednesday, April 22nd. Finally, Wall Street Zen cut shares of TotalEnergies from a “buy” rating to a “hold” rating in a report on Saturday, July 4th. Ten investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $84.33.
View Our Latest Stock Analysis on TTE
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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