HighTower Advisors LLC Increases Stock Position in TotalEnergies SE Sponsored ADR $TTE

HighTower Advisors LLC increased its holdings in TotalEnergies SE Sponsored ADR (NYSE:TTE) by 2.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 747,545 shares of the company’s stock after acquiring an additional 20,564 shares during the quarter. HighTower Advisors LLC’s holdings in TotalEnergies were worth $48,904,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. YANKCOM Partnership lifted its stake in TotalEnergies by 146.8% in the fourth quarter. YANKCOM Partnership now owns 390 shares of the company’s stock worth $25,000 after acquiring an additional 232 shares during the period. Grey Fox Wealth Advisors LLC purchased a new stake in TotalEnergies in the third quarter worth $29,000. MH & Associates Securities Management Corp ADV purchased a new stake in TotalEnergies in the fourth quarter worth $29,000. Lodestone Wealth Management LLC purchased a new stake in TotalEnergies in the fourth quarter worth $32,000. Finally, Elyxium Wealth LLC purchased a new stake in TotalEnergies in the fourth quarter worth $33,000. Hedge funds and other institutional investors own 16.53% of the company’s stock.

TotalEnergies Price Performance

Shares of NYSE:TTE opened at $92.45 on Friday. TotalEnergies SE Sponsored ADR has a 1-year low of $57.26 and a 1-year high of $94.17. 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 business has a fifty day moving average price of $89.77 and a 200-day moving average price of $76.30. The company has a market capitalization of $221.66 billion, a PE ratio of 13.70, a PEG ratio of 3.29 and a beta of 0.14.

TotalEnergies (NYSE:TTE) last issued its quarterly earnings results on Wednesday, April 29th. The company reported $2.45 earnings per share for the quarter, beating the consensus estimate of $2.22 by $0.23. TotalEnergies had a return on equity of 14.01% and a net margin of 7.43%.The firm had revenue of $49.52 billion during the quarter, compared to the consensus estimate of $44.58 billion. As a group, equities analysts expect that TotalEnergies SE Sponsored ADR will post 10.58 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on TTE. Wall Street Zen raised TotalEnergies from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Zacks Research upgraded TotalEnergies from a “hold” rating to a “strong-buy” rating in a report on Monday, March 30th. Kepler Capital Markets upgraded TotalEnergies from a “reduce” rating to a “hold” rating in a report on Thursday, April 23rd. BNP Paribas Exane upgraded TotalEnergies from a “neutral” rating to an “outperform” rating in a report on Friday, April 17th. Finally, Piper Sandler increased their price objective on TotalEnergies from $74.00 to $92.00 and gave the stock a “neutral” rating in a report on Thursday, March 12th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target 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.