Kestra Private Wealth Services LLC Has $1.67 Million Stake in TotalEnergies SE Sponsored ADR $TTE

Kestra Private Wealth Services LLC trimmed its stake in TotalEnergies SE Sponsored ADR (NYSE:TTE) by 52.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,298 shares of the company’s stock after selling 19,907 shares during the period. Kestra Private Wealth Services LLC’s holdings in TotalEnergies were worth $1,665,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. acquired a new stake in shares of TotalEnergies in the 4th quarter valued at $5,337,330,000. Capital International Investors increased its position in shares of TotalEnergies by 1,438.5% during the 4th quarter. Capital International Investors now owns 52,668,676 shares of the company’s stock worth $3,435,988,000 after purchasing an additional 49,245,192 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in TotalEnergies by 21,398.0% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 40,380,511 shares of the company’s stock valued at $2,641,693,000 after purchasing an additional 40,192,677 shares during the last quarter. Caisse Des Depots ET Consignations bought a new position in TotalEnergies during the 4th quarter valued at about $1,982,676,000. Finally, Norges Bank acquired a new position in TotalEnergies in the fourth quarter valued at about $1,917,626,000. 16.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TTE has been the topic of several research analyst reports. TD Cowen reaffirmed a “buy” rating on shares of TotalEnergies in a research note on Monday, April 20th. Wall Street Zen raised TotalEnergies from a “hold” rating to a “buy” rating in a research note on Saturday, June 20th. Morgan Stanley reiterated an “overweight” rating on shares of TotalEnergies in a research report on Tuesday, May 12th. CICC Research initiated coverage on shares of TotalEnergies in a research report on Tuesday, June 23rd. They issued an “outperform” rating for the company. Finally, Weiss Ratings upgraded shares of TotalEnergies from a “hold (c)” rating to a “buy (b-)” rating in a research report on Friday, May 1st. Ten research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, TotalEnergies currently has an average rating of “Moderate Buy” and a consensus target price of $84.33.

TotalEnergies Price Performance

TotalEnergies stock opened at $77.70 on Tuesday. The business’s 50-day simple moving average is $87.89 and its 200 day simple moving average is $80.31. The company has a quick ratio of 0.85, a current ratio of 1.08 and a debt-to-equity ratio of 0.41. The stock has a market cap of $186.31 billion, a price-to-earnings ratio of 11.51, a P/E/G ratio of 2.60 and a beta of 0.12. TotalEnergies SE Sponsored ADR has a 12-month low of $57.39 and a 12-month high of $94.17.

TotalEnergies (NYSE:TTE) last announced its quarterly earnings data on Wednesday, April 29th. The company reported $2.45 earnings per share for the quarter, topping the consensus estimate of $2.22 by $0.23. The firm had revenue of $49.52 billion during the quarter, compared to analysts’ expectations of $44.58 billion. TotalEnergies had a return on equity of 14.01% and a net margin of 7.43%. As a group, research analysts anticipate that TotalEnergies SE Sponsored ADR will post 11.09 earnings per share for the current year.

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.