TotalEnergies SE Sponsored ADR $TTE Shares Purchased by Global Retirement Partners LLC

Global Retirement Partners LLC boosted its stake in TotalEnergies SE Sponsored ADR (NYSE:TTE) by 181.8% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 14,950 shares of the company’s stock after acquiring an additional 9,645 shares during the period. Global Retirement Partners LLC’s holdings in TotalEnergies were worth $978,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of TTE. YANKCOM Partnership increased its position in TotalEnergies by 146.8% during the 4th quarter. YANKCOM Partnership now owns 390 shares of the company’s stock worth $25,000 after purchasing an additional 232 shares in the last quarter. MH & Associates Securities Management Corp ADV purchased a new position in TotalEnergies in the 4th quarter valued at about $29,000. Lodestone Wealth Management LLC acquired a new stake in shares of TotalEnergies during the 4th quarter worth about $32,000. Elyxium Wealth LLC acquired a new stake in shares of TotalEnergies during the 4th quarter worth about $33,000. Finally, Colonial Trust Advisors grew its holdings in shares of TotalEnergies by 212.6% during the third quarter. Colonial Trust Advisors now owns 619 shares of the company’s stock worth $37,000 after buying an additional 421 shares in the last quarter. Hedge funds and other institutional investors own 16.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. TD Cowen reissued a “buy” rating on shares of TotalEnergies in a research note on Monday, April 20th. JPMorgan Chase & Co. raised shares of TotalEnergies from a “neutral” rating to an “overweight” rating in a research note on Monday, March 2nd. Weiss Ratings raised TotalEnergies from a “hold (c)” rating to a “buy (b-)” rating in a research report on Friday, May 1st. Wall Street Zen upgraded TotalEnergies from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Finally, Freedom Capital lowered TotalEnergies from a “strong-buy” rating to a “strong sell” rating in a research note on Friday, February 13th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $84.33.

TotalEnergies Stock Down 0.0%

Shares of TTE opened at $91.59 on Tuesday. TotalEnergies SE Sponsored ADR has a fifty-two week low of $57.26 and a fifty-two week high of $94.17. The company’s fifty day moving average is $90.18 and its two-hundred day moving average is $76.72. The firm has a market cap of $219.59 billion, a PE ratio of 13.57, a price-to-earnings-growth 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 issued its earnings results on Wednesday, April 29th. The company reported $2.45 earnings per share for the quarter, topping the consensus estimate of $2.22 by $0.23. TotalEnergies had a return on equity of 14.01% and a net margin of 7.43%.The business had revenue of $49.52 billion for the quarter, compared to analyst estimates of $44.58 billion. Analysts forecast that TotalEnergies SE Sponsored ADR will post 10.58 earnings per share 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.