WCG Wealth Advisors LLC Increases Holdings in TotalEnergies SE Sponsored ADR $TTE

WCG Wealth Advisors LLC raised its stake in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) by 52.0% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 19,924 shares of the company’s stock after buying an additional 6,815 shares during the quarter. WCG Wealth Advisors LLC’s holdings in TotalEnergies were worth $1,303,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in TTE. AQR Capital Management LLC raised its stake in TotalEnergies by 151.0% during the 1st quarter. AQR Capital Management LLC now owns 67,461 shares of the company’s stock valued at $4,364,000 after buying an additional 40,586 shares during the last quarter. Empowered Funds LLC raised its stake in TotalEnergies by 2.1% during the 1st quarter. Empowered Funds LLC now owns 40,988 shares of the company’s stock valued at $2,652,000 after buying an additional 835 shares during the last quarter. Sivia Capital Partners LLC raised its stake in TotalEnergies by 17.7% during the 2nd quarter. Sivia Capital Partners LLC now owns 5,136 shares of the company’s stock valued at $315,000 after buying an additional 774 shares during the last quarter. Russell Investments Group Ltd. raised its stake in TotalEnergies by 14.9% during the 2nd quarter. Russell Investments Group Ltd. now owns 24,274 shares of the company’s stock valued at $1,490,000 after buying an additional 3,151 shares during the last quarter. Finally, Invesco Ltd. raised its stake in TotalEnergies by 7.3% during the 2nd quarter. Invesco Ltd. now owns 198,215 shares of the company’s stock valued at $12,168,000 after buying an additional 13,536 shares during the last quarter. 16.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on TTE shares. Piper Sandler boosted their target price on shares of TotalEnergies from $74.00 to $92.00 and gave the company a “neutral” rating in a research note on Thursday, March 12th. Scotiabank boosted their price objective on shares of TotalEnergies from $73.00 to $97.00 and gave the company a “sector perform” rating in a research report on Wednesday, April 22nd. Weiss Ratings raised shares of TotalEnergies from a “hold (c)” rating to a “buy (b-)” rating in a research report on Friday, May 1st. Citigroup reissued a “buy” rating on shares of TotalEnergies in a research report on Thursday, February 12th. Finally, TD Cowen reissued a “buy” rating on shares of TotalEnergies in a research report on Monday, April 20th. Ten research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $84.33.

TotalEnergies Stock Down 1.8%

Shares of TTE stock opened at $88.53 on Friday. The stock has a market cap of $212.27 billion, a P/E ratio of 13.12, a PEG ratio of 3.20 and a beta of 0.12. TotalEnergies SE Sponsored ADR has a 52 week low of $57.39 and a 52 week high of $94.17. The company has a quick ratio of 0.85, a current ratio of 1.08 and a debt-to-equity ratio of 0.41. The company’s fifty day simple moving average is $90.47 and its two-hundred day simple moving average is $78.23.

TotalEnergies (NYSE:TTE) last announced its quarterly earnings results on Wednesday, April 29th. The company reported $2.45 EPS for the quarter, topping 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%. Analysts predict that TotalEnergies SE Sponsored ADR will post 10.58 EPS for the current fiscal 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.