Provenance Wealth Advisors LLC grew its position in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE – Free Report) by 2,995.4% in the third quarter, HoldingsChannel reports. The firm owned 16,282 shares of the company’s stock after buying an additional 15,756 shares during the quarter. Provenance Wealth Advisors LLC’s holdings in TotalEnergies were worth $1,392,000 at the end of the most recent reporting period.
Several other large investors have also recently made changes to their positions in TTE. Amundi purchased a new stake in shares of TotalEnergies in the first quarter worth about $18,868,822,000. DekaBank Deutsche Girozentrale purchased a new position in TotalEnergies during the 1st quarter valued at approximately $1,103,799,000. Janus Henderson Group PLC grew its holdings in TotalEnergies by 25.2% during the 1st quarter. Janus Henderson Group PLC now owns 11,349,122 shares of the company’s stock valued at $1,055,775,000 after buying an additional 2,287,500 shares in the last quarter. Bank of New York Mellon Corp increased its stake in TotalEnergies by 8.3% in the 1st quarter. Bank of New York Mellon Corp now owns 11,514,654 shares of the company’s stock worth $1,047,603,000 after acquiring an additional 881,889 shares during the last quarter. Finally, Groupe la Francaise increased its stake in TotalEnergies by 8.9% in the 1st quarter. Groupe la Francaise now owns 7,617,900 shares of the company’s stock worth $683,234,000 after acquiring an additional 624,764 shares during the last quarter. 16.53% of the stock is owned by institutional investors.
Analysts Set New Price Targets
TTE has been the topic of several recent research reports. Mizuho set a $108.00 price objective on TotalEnergies in a report on Friday, October 16th. HSBC raised shares of TotalEnergies from a “hold” rating to a “buy” rating in a report on Friday, September 25th. Zacks Research upgraded shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 19th. Freedom Broker raised shares of TotalEnergies from a “sell” rating to a “hold” rating in a research note on Tuesday. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of TotalEnergies in a research note on Thursday, October 22nd. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, TotalEnergies currently has an average rating of “Moderate Buy” and an average price target of $96.00.
Get Our Latest Stock Report on TTE
TotalEnergies Stock Up 0.0%
Shares of NYSE:TTE opened at $92.79 on Wednesday. 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 $60.85 and a 12 month high of $95.78. The company has a 50-day moving average price of $89.68 and a 200 day moving average price of $85.33. The company has a market cap of $222.47 billion, a price-to-earnings ratio of 8.52 and a beta of 0.14.
TotalEnergies (NYSE:TTE – Get Free Report) last issued its quarterly earnings data on Thursday, October 29th. The company reported $4.03 earnings per share for the quarter, topping the consensus estimate of $3.84 by $0.19. TotalEnergies had a return on equity of 19.08% and a net margin of 9.61%. The company had revenue of $61.86 billion for the quarter, compared to analysts’ expectations of $55.39 billion. As a group, equities research analysts predict that TotalEnergies SE Sponsored ADR will post 12.70 earnings per share for the current year.
Key Headlines Impacting TotalEnergies
Here are the key news stories impacting TotalEnergies this week:
- Positive Sentiment: Freedom Broker raised its rating on TotalEnergies from “sell” to “hold,” a less bearish view. DZ BANK separately reiterated a “buy” rating. Tickerreport article DZ BANK rating article
- Positive Sentiment: The company agreed to acquire a 30% operated interest in two offshore gas fields in Malaysia, including the large Lang Lebah discovery. The proposed integrated development could add substantial long-term gas resources, though it will require investment and project execution. Malaysia gas fields announcement
- Neutral Sentiment: TotalEnergies signed a five-year LNG supply agreement with ADNOC Gas for up to 1.6 million tonnes, with deliveries expected to begin in 2026. The deal strengthens the companies’ long-term relationship and LNG supply arrangements, but the announcement did not specify financial terms. ADNOC Gas agreement announcement
- Neutral Sentiment: CEO Patrick Pouyanné said Europe is not expected to face a gas shortage this winter, though securing adequate supply may cost more. This offers some reassurance on availability while leaving potential cost and price effects uncertain. Reuters article on European gas supply
- Neutral Sentiment: The CEO said TotalEnergies is increasing U.S. renewables spending as some competitors retreat, while the company also sees the Iran conflict potentially accelerating the energy transition. These comments highlight strategic opportunities, but provide no near-term earnings outlook. Reuters article on U.S. renewables spending Reuters article on the energy transition
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.
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