Nicola Wealth Management LTD. Makes New $9.42 Million Investment in TotalEnergies SE Sponsored ADR $TTE

Nicola Wealth Management LTD. acquired a new position in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) during the fourth quarter, Holdings Channel reports. The fund acquired 144,000 shares of the company’s stock, valued at approximately $9,420,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. MGO One Seven LLC boosted its holdings in shares of TotalEnergies by 1.3% in the 4th quarter. MGO One Seven LLC now owns 10,410 shares of the company’s stock worth $681,000 after buying an additional 137 shares during the last quarter. Clear Creek Financial Management LLC boosted its holdings in shares of TotalEnergies by 2.4% in the 4th quarter. Clear Creek Financial Management LLC now owns 6,334 shares of the company’s stock worth $414,000 after buying an additional 150 shares during the last quarter. SkyView Investment Advisors LLC boosted its holdings in shares of TotalEnergies by 2.2% in the 2nd quarter. SkyView Investment Advisors LLC now owns 8,054 shares of the company’s stock worth $495,000 after buying an additional 175 shares during the last quarter. OLD National Bancorp IN boosted its holdings in shares of TotalEnergies by 2.5% in the 4th quarter. OLD National Bancorp IN now owns 7,189 shares of the company’s stock worth $470,000 after buying an additional 176 shares during the last quarter. Finally, Valeo Financial Advisors LLC boosted its holdings in shares of TotalEnergies by 1.9% in the 3rd quarter. Valeo Financial Advisors LLC now owns 10,427 shares of the company’s stock worth $622,000 after buying an additional 193 shares during the last quarter. 16.53% of the stock is owned by hedge funds and other institutional investors.

TotalEnergies Trading Down 0.0%

Shares of TTE opened at $91.59 on Monday. The business’s 50-day moving average price is $89.97 and its 200-day moving average price is $76.51. TotalEnergies SE Sponsored ADR has a twelve month low of $57.26 and a twelve month high of $94.17. The stock has a market cap of $219.59 billion, a PE ratio of 13.57, a P/E/G ratio of 3.25 and a beta of 0.14. The company has a quick ratio of 0.85, a current ratio of 1.08 and a debt-to-equity ratio of 0.41.

TotalEnergies (NYSE:TTE) last announced its quarterly earnings results on Wednesday, April 29th. The company reported $2.45 earnings per share for the quarter, beating the consensus estimate of $2.22 by $0.23. The firm 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%. On average, equities analysts forecast that TotalEnergies SE Sponsored ADR will post 10.58 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

TTE has been the topic of a number of research analyst reports. Kepler Capital Markets raised shares of TotalEnergies from a “reduce” rating to a “hold” rating in a report on Thursday, April 23rd. Scotiabank boosted their price objective on TotalEnergies from $73.00 to $97.00 and gave the company a “sector perform” rating in a research note on Wednesday, April 22nd. Citigroup restated a “buy” rating on shares of TotalEnergies in a research note on Thursday, February 12th. Zacks Research upgraded TotalEnergies from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 30th. Finally, TD Cowen reiterated a “buy” rating on shares of TotalEnergies in a research report on Monday, April 20th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $84.33.

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.