Persium Advisors LLC Invests $1.15 Million in TotalEnergies SE Sponsored ADR $TTE

Persium Advisors LLC purchased a new stake in TotalEnergies SE Sponsored ADR (NYSE:TTE) during the 1st quarter, HoldingsChannel.com reports. The fund purchased 12,673 shares of the company’s stock, valued at approximately $1,153,000. TotalEnergies comprises approximately 0.9% of Persium Advisors LLC’s investment portfolio, making the stock its 10th biggest position.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Diversify Wealth Management LLC lifted its holdings in shares of TotalEnergies by 34.3% in the first quarter. Diversify Wealth Management LLC now owns 21,552 shares of the company’s stock valued at $1,988,000 after purchasing an additional 5,504 shares in the last quarter. 180 Wealth Advisors LLC purchased a new stake in TotalEnergies in the 1st quarter valued at $501,000. Ferguson Wellman Capital Management Inc. bought a new position in TotalEnergies during the 1st quarter valued at $645,000. Citizens Financial Group Inc. RI purchased a new position in TotalEnergies during the 1st quarter worth $647,000. Finally, Sovran Advisors LLC grew its stake in shares of TotalEnergies by 7.1% in the 1st quarter. Sovran Advisors LLC now owns 5,216 shares of the company’s stock worth $484,000 after acquiring an additional 344 shares in the last quarter. 16.53% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Zacks Research cut shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. Weiss Ratings upgraded TotalEnergies from a “hold (c)” rating to a “buy (b-)” rating in a research note on Friday, May 1st. Kepler Capital Markets raised TotalEnergies from a “reduce” rating to a “hold” rating in a research report on Thursday, April 23rd. Morgan Stanley reissued an “overweight” rating on shares of TotalEnergies in a research report on Tuesday, May 12th. Finally, CICC Research began coverage on TotalEnergies in a research report on Tuesday, June 23rd. They set an “outperform” rating for the company. 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.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $84.33.

TotalEnergies Trading Down 0.1%

NYSE:TTE opened at $78.45 on Monday. TotalEnergies SE Sponsored ADR has a 12 month low of $57.39 and a 12 month high of $94.17. The company has a current ratio of 1.08, a quick ratio of 0.85 and a debt-to-equity ratio of 0.41. The firm’s 50 day moving average is $85.72 and its 200 day moving average is $81.07. The stock has a market capitalization of $188.09 billion, a PE ratio of 11.62, a price-to-earnings-growth ratio of 2.79 and a beta of 0.14.

TotalEnergies (NYSE:TTE) last released its earnings results on Wednesday, April 29th. The company reported $2.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.22 by $0.23. The business had revenue of $49.52 billion during the quarter, compared to the consensus estimate of $44.58 billion. TotalEnergies had a return on equity of 14.01% and a net margin of 7.43%. Sell-side analysts expect that TotalEnergies SE Sponsored ADR will post 10.58 earnings per share for the current year.

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.