Focus Partners Wealth Boosts Position in TotalEnergies SE Sponsored ADR $TTE

Focus Partners Wealth increased its stake in TotalEnergies SE Sponsored ADR (NYSE:TTE) by 15.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 33,484 shares of the company’s stock after buying an additional 4,449 shares during the period. Focus Partners Wealth’s holdings in TotalEnergies were worth $2,167,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of TTE. Lazard Asset Management LLC boosted its holdings in shares of TotalEnergies by 937.1% in the 4th quarter. Lazard Asset Management LLC now owns 2,043 shares of the company’s stock valued at $111,000 after buying an additional 1,846 shares in the last quarter. Waverly Advisors LLC acquired a new position in TotalEnergies during the fourth quarter worth $574,000. CSS LLC IL grew its holdings in shares of TotalEnergies by 162.4% during the fourth quarter. CSS LLC IL now owns 40,175 shares of the company’s stock worth $2,190,000 after buying an additional 24,866 shares in the last quarter. GTS Securities LLC grew its holdings in shares of TotalEnergies by 186.4% during the fourth quarter. GTS Securities LLC now owns 9,862 shares of the company’s stock worth $537,000 after buying an additional 6,418 shares in the last quarter. Finally, Pacific Point Advisors LLC purchased a new stake in shares of TotalEnergies during the fourth quarter worth $324,000. 16.53% of the stock is currently owned by institutional investors.

TotalEnergies Price Performance

Shares of NYSE TTE opened at $62.07 on Wednesday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.00 and a quick ratio of 0.81. The stock has a fifty day moving average price of $61.65 and a 200 day moving average price of $60.69. TotalEnergies SE Sponsored ADR has a 1-year low of $52.78 and a 1-year high of $69.81. The company has a market cap of $148.82 billion, a PE ratio of 11.26, a P/E/G ratio of 1.06 and a beta of 0.59.

TotalEnergies (NYSE:TTE) last released its earnings results on Thursday, July 24th. The company reported $1.57 EPS for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.05). The business had revenue of $44.68 billion during the quarter, compared to analyst estimates of $42.44 billion. TotalEnergies had a net margin of 6.20% and a return on equity of 13.59%. Sell-side analysts forecast that TotalEnergies SE Sponsored ADR will post 8.02 EPS for the current year.

Analyst Upgrades and Downgrades

TTE has been the subject of a number of research reports. Piper Sandler upped their target price on shares of TotalEnergies from $66.00 to $68.00 and gave the stock a “neutral” rating in a report on Monday, August 18th. Scotiabank set a $65.00 target price on shares of TotalEnergies and gave the company a “sector perform” rating in a research report on Friday, July 11th. Finally, Sanford C. Bernstein raised shares of TotalEnergies from a “market perform” rating to an “outperform” rating in a research report on Monday, June 16th. Three research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $66.95.

About TotalEnergies

TotalEnergies SE, a multi-energy company, produces and markets oil and biofuels, natural gas, green gases, renewables, and electricity in France, rest of Europe, North America, Africa, and internationally. It operates through five segments: Exploration & Production, Integrated LNG, Integrated Power, Refining & Chemicals, and Marketing & Services.