7,087 Shares in TotalEnergies SE Sponsored ADR $TTE Bought by Ferguson Wellman Capital Management Inc.

Ferguson Wellman Capital Management Inc. purchased a new stake in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 7,087 shares of the company’s stock, valued at approximately $645,000.

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

Wall Street Analyst Weigh In

Several brokerages have weighed in on TTE. BNP Paribas Exane upgraded TotalEnergies from a “neutral” rating to an “outperform” rating in a research report on Friday, April 17th. Kepler Capital Markets upgraded shares of TotalEnergies from a “reduce” rating to a “hold” rating in a report on Thursday, April 23rd. CICC Research started coverage on shares of TotalEnergies in a research note on Tuesday, June 23rd. They issued an “outperform” rating on the stock. Zacks Research lowered shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. Finally, Morgan Stanley reissued an “overweight” rating on shares of TotalEnergies in a research report on Tuesday, May 12th. Ten investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $84.33.

TotalEnergies Stock Down 0.1%

Shares of NYSE:TTE opened at $78.45 on Monday. The stock’s 50-day moving average is $85.72 and its 200 day moving average is $81.07. The company has a market cap of $188.09 billion, a PE ratio of 11.62, a P/E/G ratio of 2.79 and a beta of 0.14. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.08 and a quick ratio of 0.85. TotalEnergies SE Sponsored ADR has a 1 year low of $57.39 and a 1 year high of $94.17.

TotalEnergies (NYSE:TTE) last released 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 business 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%. Sell-side analysts anticipate that TotalEnergies SE Sponsored ADR will post 10.58 EPS for the current year.

TotalEnergies Company 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.