D.A. Davidson & CO. Buys 16,105 Shares of TotalEnergies SE Sponsored ADR $TTE

D.A. Davidson & CO. lifted its position in TotalEnergies SE Sponsored ADR (NYSE:TTEFree Report) by 19.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 98,020 shares of the company’s stock after purchasing an additional 16,105 shares during the quarter. D.A. Davidson & CO.’s holdings in TotalEnergies were worth $8,918,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. YANKCOM Partnership raised its stake in TotalEnergies by 146.8% during the fourth quarter. YANKCOM Partnership now owns 390 shares of the company’s stock valued at $25,000 after purchasing an additional 232 shares in the last quarter. MH & Associates Securities Management Corp ADV bought a new stake in TotalEnergies in the fourth quarter worth $29,000. Lodestone Wealth Management LLC purchased a new position in shares of TotalEnergies during the 4th quarter worth about $32,000. Elyxium Wealth LLC bought a new stake in TotalEnergies in the fourth quarter worth about $33,000. Finally, SHP Wealth Management purchased a new position in TotalEnergies during the 4th quarter valued at $37,000. 16.53% of the stock is currently owned by hedge funds and other institutional investors.

TotalEnergies Stock Up 3.2%

Shares of NYSE TTE opened at $81.37 on Friday. The company’s 50-day simple moving average is $84.71 and its 200-day simple moving average is $81.48. TotalEnergies SE Sponsored ADR has a 52-week low of $57.39 and a 52-week high of $94.17. The firm has a market cap of $195.11 billion, a price-to-earnings ratio of 12.06, a price-to-earnings-growth ratio of 2.81 and a beta of 0.14. The company has a quick ratio of 0.85, a current ratio of 1.08 and a debt-to-equity ratio of 0.41.

TotalEnergies (NYSE:TTEGet Free Report) last issued its quarterly earnings results on Wednesday, April 29th. The company reported $2.45 earnings per share (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 firm had revenue of $49.52 billion for the quarter, compared to analyst estimates of $44.58 billion. Equities analysts predict that TotalEnergies SE Sponsored ADR will post 10.56 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on TTE. Morgan Stanley reaffirmed an “overweight” rating on shares of TotalEnergies in a research report on Tuesday, May 12th. Kepler Capital Markets upgraded shares of TotalEnergies from a “reduce” rating to a “hold” rating in a research note on Thursday, April 23rd. BNP Paribas Exane raised shares of TotalEnergies from a “neutral” rating to an “outperform” rating in a report on Friday, April 17th. TD Cowen restated a “buy” rating on shares of TotalEnergies in a report on Monday, April 20th. Finally, Weiss Ratings raised TotalEnergies from a “hold (c)” rating to a “buy (b-)” rating in a research report on Friday, May 1st. Ten investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, TotalEnergies has a consensus rating of “Moderate Buy” and a consensus price target of $84.33.

Read Our Latest Stock Report on TTE

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TotalEnergies Profile

(Free Report)

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.

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Institutional Ownership by Quarter for TotalEnergies (NYSE:TTE)

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