Hsbc Holdings PLC Boosts Stake in TotalEnergies SE Sponsored ADR $TTE

Hsbc Holdings PLC boosted its position in TotalEnergies SE Sponsored ADR (NYSE:TTE) by 626.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 43,861 shares of the company’s stock after purchasing an additional 37,820 shares during the period. Hsbc Holdings PLC’s holdings in TotalEnergies were worth $2,856,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of TTE. YANKCOM Partnership lifted its stake in shares of TotalEnergies by 146.8% during the 4th quarter. YANKCOM Partnership now owns 390 shares of the company’s stock worth $25,000 after acquiring an additional 232 shares during the last quarter. MH & Associates Securities Management Corp ADV purchased a new position in TotalEnergies during the 4th quarter valued at $29,000. Lodestone Wealth Management LLC bought a new position in TotalEnergies in the 4th quarter valued at $32,000. Elyxium Wealth LLC purchased a new stake in TotalEnergies in the fourth quarter worth $33,000. Finally, SHP Wealth Management purchased a new stake in TotalEnergies in the fourth quarter worth $37,000. Hedge funds and other institutional investors own 16.53% of the company’s stock.

TotalEnergies Stock Performance

Shares of TTE stock opened at $76.76 on Monday. The firm has a market cap of $184.05 billion, a price-to-earnings ratio of 11.37, a PEG ratio of 2.60 and a beta of 0.12. The company’s 50 day moving average is $88.15 and its 200 day moving average is $80.22. 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 SE Sponsored ADR has a 52-week low of $57.39 and a 52-week high of $94.17.

TotalEnergies (NYSE:TTE) last issued its quarterly earnings data on Wednesday, April 29th. The company reported $2.45 EPS for the quarter, topping analysts’ consensus estimates of $2.22 by $0.23. The company had revenue of $49.52 billion during the quarter, compared to the consensus estimate of $44.58 billion. TotalEnergies had a net margin of 7.43% and a return on equity of 14.01%. On average, sell-side analysts anticipate that TotalEnergies SE Sponsored ADR will post 11.09 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on TTE shares. Morgan Stanley reissued an “overweight” rating on shares of TotalEnergies in a research note on Tuesday, May 12th. Kepler Capital Markets raised shares of TotalEnergies from a “reduce” rating to a “hold” rating in a research note on Thursday, April 23rd. Scotiabank lifted their price objective on shares of TotalEnergies from $73.00 to $97.00 and gave the company a “sector perform” rating in a report on Wednesday, April 22nd. Piper Sandler boosted their price objective on shares of TotalEnergies from $74.00 to $92.00 and gave the company a “neutral” rating in a research report on Thursday, March 12th. Finally, TD Cowen restated a “buy” rating on shares of TotalEnergies in a research note on Monday, April 20th. Ten research 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $84.33.

About TotalEnergies

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.