TotalEnergies SE Sponsored ADR $TTE Shares Acquired by Provenance Wealth Advisors LLC

Provenance Wealth Advisors LLC grew its stake in TotalEnergies SE Sponsored ADR (NYSE:TTE) by 2,995.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,282 shares of the company’s stock after buying an additional 15,756 shares during the quarter. Provenance Wealth Advisors LLC’s holdings in TotalEnergies were worth $1,392,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of TTE. First Nebraska Trust Co bought a new stake in TotalEnergies during the 3rd quarter worth approximately $402,000. Lesa Sroufe & Co purchased a new position in TotalEnergies during the third quarter valued at approximately $4,201,000. Signature Equity Partners LLC lifted its holdings in TotalEnergies by 132.1% during the third quarter. Signature Equity Partners LLC now owns 571 shares of the company’s stock valued at $49,000 after purchasing an additional 325 shares in the last quarter. Summit Wealth Group LLC Co. purchased a new position in TotalEnergies during the third quarter valued at approximately $2,778,000. Finally, Bank Julius Baer & Co. Ltd Zurich boosted its position in shares of TotalEnergies by 1.1% in the third quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,919,591 shares of the company’s stock worth $165,186,000 after purchasing an additional 20,305 shares during the period. Hedge funds and other institutional investors own 16.53% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on TTE shares. JPMorgan Chase & Co. cut shares of TotalEnergies from an “overweight” rating to a “neutral” rating in a research note on Wednesday, September 23rd. Barclays restated an “overweight” rating on shares of TotalEnergies in a research note on Monday, October 5th. Wall Street Zen raised shares of TotalEnergies from a “hold” rating to a “buy” rating in a report on Monday, August 31st. Mizuho set a $108.00 target price on shares of TotalEnergies in a report on Friday, October 16th. Finally, Freedom Broker upgraded TotalEnergies from a “sell” rating to a “hold” rating in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $96.00.

Trending Headlines about TotalEnergies

Here are the key news stories impacting TotalEnergies this week:

• Positive Sentiment: Freedom Broker raised its rating on TotalEnergies from “sell” to “hold,” a less bearish view. DZ BANK separately reiterated a “buy” rating. Tickerreport article DZ BANK rating article
• Positive Sentiment: The company agreed to acquire a 30% operated interest in two offshore gas fields in Malaysia, including the large Lang Lebah discovery. The proposed integrated development could add substantial long-term gas resources, though it will require investment and project execution. Malaysia gas fields announcement
• Neutral Sentiment: TotalEnergies signed a five-year LNG supply agreement with ADNOC Gas for up to 1.6 million tonnes, with deliveries expected to begin in 2026. The deal strengthens the companies’ long-term relationship and LNG supply arrangements, but the announcement did not specify financial terms. ADNOC Gas agreement announcement
• Neutral Sentiment: CEO Patrick Pouyanné said Europe is not expected to face a gas shortage this winter, though securing adequate supply may cost more. This offers some reassurance on availability while leaving potential cost and price effects uncertain. Reuters article on European gas supply
• Neutral Sentiment: The CEO said TotalEnergies is increasing U.S. renewables spending as some competitors retreat, while the company also sees the Iran conflict potentially accelerating the energy transition. These comments highlight strategic opportunities, but provide no near-term earnings outlook. Reuters article on U.S. renewables spending Reuters article on the energy transition

TotalEnergies Stock Up 0.0%

NYSE TTE opened at $92.79 on Wednesday. The stock’s 50 day moving average is $89.68 and its 200 day moving average is $85.33. The company has a current ratio of 1.11, a quick ratio of 0.89 and a debt-to-equity ratio of 0.36. TotalEnergies SE Sponsored ADR has a 12 month low of $60.85 and a 12 month high of $95.78. The stock has a market cap of $222.47 billion, a PE ratio of 8.52 and a beta of 0.14.

TotalEnergies (NYSE:TTE) last posted its quarterly earnings results on Thursday, October 29th. The company reported $4.03 earnings per share for the quarter, topping the consensus estimate of $3.84 by $0.19. TotalEnergies had a return on equity of 19.08% and a net margin of 9.61%. The business had revenue of $61.86 billion during the quarter, compared to the consensus estimate of $55.39 billion. Research analysts predict that TotalEnergies SE Sponsored ADR will post 12.70 EPS for the current fiscal year.

TotalEnergies Profile

TotalEnergies SE is a French multinational energy company that explores for, produces, processes and markets oil and natural gas. Established in 1924 as the Compagnie française des pétroles, the company adopted the TotalEnergies name in 2021 to reflect its broader focus on multiple forms of energy.

The company’s activities include liquefied natural gas, refining and petrochemicals, fuels, lubricants, and the operation of service stations. TotalEnergies also develops and sells electricity from renewable and other power-generation sources, including solar and wind projects, as well as energy-storage and electric-vehicle charging solutions.

TotalEnergies serves customers and operates projects across numerous regions, including Europe, Africa, the Middle East, the Americas and the Asia-Pacific region.