AE Wealth Management LLC Boosts Stock Position in TotalEnergies SE Sponsored ADR $TTE

AE Wealth Management LLC lifted its stake in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) by 25.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 30,026 shares of the company’s stock after acquiring an additional 6,012 shares during the quarter. AE Wealth Management LLC’s holdings in TotalEnergies were worth $1,964,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Clear Creek Financial Management LLC lifted its stake in TotalEnergies by 2.4% in the 4th quarter. Clear Creek Financial Management LLC now owns 6,334 shares of the company’s stock worth $414,000 after purchasing an additional 150 shares in the last quarter. Bruce G. Allen Investments LLC grew its position in shares of TotalEnergies by 4.5% during the third quarter. Bruce G. Allen Investments LLC now owns 3,919 shares of the company’s stock valued at $234,000 after purchasing an additional 167 shares in the last quarter. MFA Wealth Advisors LLC grew its position in shares of TotalEnergies by 4.1% during the third quarter. MFA Wealth Advisors LLC now owns 4,343 shares of the company’s stock valued at $259,000 after purchasing an additional 172 shares in the last quarter. SkyView Investment Advisors LLC increased its holdings in shares of TotalEnergies by 2.2% in the second quarter. SkyView Investment Advisors LLC now owns 8,054 shares of the company’s stock worth $495,000 after purchasing an additional 175 shares during the last quarter. Finally, Greenleaf Trust lifted its position in shares of TotalEnergies by 1.4% in the third quarter. Greenleaf Trust now owns 13,897 shares of the company’s stock worth $830,000 after buying an additional 189 shares in the last quarter. 16.53% of the stock is owned by hedge funds and other institutional investors.

TotalEnergies Stock Up 1.1%

NYSE:TTE opened at $88.28 on Wednesday. The company has a market cap of $211.66 billion, a price-to-earnings ratio of 15.25, a price-to-earnings-growth ratio of 3.72 and a beta of 0.13. TotalEnergies SE Sponsored ADR has a twelve month low of $56.31 and a twelve month high of $93.49. The company has a current ratio of 0.97, a quick ratio of 0.79 and a debt-to-equity ratio of 0.42. The stock has a fifty day simple moving average of $84.60 and a 200-day simple moving average of $71.99.

TotalEnergies (NYSE:TTE) last released its quarterly earnings data on Wednesday, February 11th. The company reported $1.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.72 by $0.01. The company had revenue of $45.93 billion during the quarter, compared to analysts’ expectations of $36.69 billion. TotalEnergies had a net margin of 6.52% and a return on equity of 13.14%. Analysts anticipate that TotalEnergies SE Sponsored ADR will post 8.81 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts recently commented on TTE shares. Piper Sandler increased their price target on TotalEnergies from $74.00 to $92.00 and gave the company a “neutral” rating in a research note on Thursday, March 12th. Wolfe Research reaffirmed an “outperform” rating and set a $83.00 price objective on shares of TotalEnergies in a report on Wednesday, January 21st. Weiss Ratings reiterated a “hold (c)” rating on shares of TotalEnergies in a research report on Wednesday, January 21st. Kepler Capital Markets lowered shares of TotalEnergies from a “hold” rating to a “reduce” rating in a report on Tuesday, January 27th. Finally, TD Cowen restated a “buy” rating on shares of TotalEnergies in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, TotalEnergies has an average rating of “Moderate Buy” and an average price target of $77.54.

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.