Keudell Morrison Wealth Management Makes New $921,000 Investment in TotalEnergies SE Sponsored ADR $TTE

Keudell Morrison Wealth Management acquired a new position in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 14,075 shares of the company’s stock, valued at approximately $921,000.

Other institutional investors also recently bought and sold shares of the company. YANKCOM Partnership increased its holdings in shares of TotalEnergies by 146.8% in the 4th quarter. YANKCOM Partnership now owns 390 shares of the company’s stock valued at $25,000 after acquiring an additional 232 shares during the period. Grey Fox Wealth Advisors LLC purchased a new position in shares of TotalEnergies in the 3rd quarter valued at $29,000. MH & Associates Securities Management Corp ADV purchased a new position in shares of TotalEnergies in the 4th quarter valued at $29,000. Lodestone Wealth Management LLC purchased a new position in shares of TotalEnergies in the 4th quarter valued at $32,000. Finally, Elyxium Wealth LLC purchased a new position in shares of TotalEnergies in the 4th quarter valued at $33,000. 16.53% of the stock is currently owned by hedge funds and other institutional investors.

TotalEnergies Stock Down 0.1%

TotalEnergies stock opened at $92.45 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.08 and a quick ratio of 0.85. The stock has a market capitalization of $221.66 billion, a price-to-earnings ratio of 13.70, a PEG ratio of 3.29 and a beta of 0.14. TotalEnergies SE Sponsored ADR has a 1-year low of $57.26 and a 1-year high of $94.17. The business has a fifty day moving average price of $89.77 and a 200-day moving average price of $76.30.

TotalEnergies (NYSE:TTE) last issued its quarterly earnings results on Wednesday, April 29th. The company reported $2.45 EPS for the quarter, topping analysts’ consensus estimates of $2.22 by $0.23. TotalEnergies had a return on equity of 14.01% and a net margin of 7.43%.The company had revenue of $49.52 billion during the quarter, compared to analysts’ expectations of $44.58 billion. Equities research analysts forecast that TotalEnergies SE Sponsored ADR will post 10.58 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Freedom Capital downgraded TotalEnergies from a “strong-buy” rating to a “strong sell” rating in a report on Friday, February 13th. Kepler Capital Markets raised TotalEnergies from a “reduce” rating to a “hold” rating in a research report on Thursday, April 23rd. Wall Street Zen raised TotalEnergies from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Weiss Ratings raised TotalEnergies from a “hold (c)” rating to a “buy (b-)” rating in a research report on Friday, May 1st. Finally, JPMorgan Chase & Co. raised TotalEnergies from a “neutral” rating to an “overweight” rating in a research report on Monday, March 2nd. One 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 given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $84.33.

TotalEnergies 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.