TotalEnergies SE Sponsored ADR $TTE Stake Increased by Faithward Advisors LLC

Faithward Advisors LLC increased its stake in TotalEnergies SE Sponsored ADR (NYSE:TTE) by 4,725.7% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 216,431 shares of the company’s stock after acquiring an additional 211,946 shares during the period. TotalEnergies comprises approximately 2.6% of Faithward Advisors LLC’s portfolio, making the stock its 8th largest position. Faithward Advisors LLC’s holdings in TotalEnergies were worth $19,691,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in the company. Aberdeen Group plc raised its holdings in shares of TotalEnergies by 14.5% during the 4th quarter. Aberdeen Group plc now owns 384,040 shares of the company’s stock valued at $25,124,000 after buying an additional 48,640 shares in the last quarter. ABN AMRO Bank N.V. purchased a new stake in TotalEnergies in the fourth quarter worth approximately $122,831,000. Assetmark Inc. boosted its stake in TotalEnergies by 8.1% in the fourth quarter. Assetmark Inc. now owns 246,475 shares of the company’s stock worth $16,124,000 after buying an additional 18,480 shares in the last quarter. Vanguard Group Inc. bought a new position in TotalEnergies during the fourth quarter valued at approximately $5,337,330,000. Finally, Mitsubishi UFJ Trust & Banking Corp bought a new position in TotalEnergies during the fourth quarter valued at approximately $830,000. Hedge funds and other institutional investors own 16.53% of the company’s stock.

TotalEnergies Price Performance

Shares of TotalEnergies stock opened at $80.40 on Wednesday. The business has a 50 day moving average of $88.90 and a 200 day moving average of $79.96. TotalEnergies SE Sponsored ADR has a 52 week low of $57.39 and a 52 week high of $94.17. The company has a market cap of $192.77 billion, a PE ratio of 11.91, a P/E/G ratio of 2.74 and a beta of 0.12. 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 released 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 business had revenue of $49.52 billion for the quarter, compared to analysts’ expectations of $44.58 billion. TotalEnergies had a net margin of 7.43% and a return on equity of 14.01%. As a group, equities research analysts forecast that TotalEnergies SE Sponsored ADR will post 11.09 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Morgan Stanley restated an “overweight” rating on shares of TotalEnergies in a report on Tuesday, May 12th. Kepler Capital Markets raised shares of TotalEnergies from a “reduce” rating to a “hold” rating in a report on Thursday, April 23rd. BNP Paribas Exane upgraded shares of TotalEnergies from a “neutral” rating to an “outperform” rating in a research report on Friday, April 17th. Zacks Research downgraded shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 25th. Finally, Piper Sandler upped their price target on shares of TotalEnergies from $74.00 to $92.00 and gave the company a “neutral” rating in a research report on Thursday, March 12th. Ten equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $84.33.

About TotalEnergies

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.