Citizens Financial Group Inc. RI Purchases New Position in TotalEnergies SE Sponsored ADR $TTE

Citizens Financial Group Inc. RI bought a new position in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 7,107 shares of the company’s stock, valued at approximately $647,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Aberdeen Group plc raised its holdings in TotalEnergies by 14.5% in the 4th quarter. Aberdeen Group plc now owns 384,040 shares of the company’s stock valued at $25,124,000 after acquiring an additional 48,640 shares in the last quarter. ABN AMRO Bank N.V. bought a new position in shares of TotalEnergies in the fourth quarter worth about $122,831,000. Assetmark Inc. boosted its position in TotalEnergies by 8.1% in the fourth quarter. Assetmark Inc. now owns 246,475 shares of the company’s stock valued at $16,124,000 after buying an additional 18,480 shares in the last quarter. Vanguard Group Inc. acquired a new stake in shares of TotalEnergies during the 4th quarter valued at $5,337,330,000. Finally, Mitsubishi UFJ Trust & Banking Corp acquired a new stake in shares of TotalEnergies during the fourth quarter valued at about $830,000. Institutional investors and hedge funds own 16.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on TTE. TD Cowen reissued a “buy” rating on shares of TotalEnergies in a research note on Monday, April 20th. Scotiabank raised their price objective on shares of TotalEnergies from $73.00 to $97.00 and gave the stock a “sector perform” rating in a research report on Wednesday, April 22nd. Weiss Ratings raised TotalEnergies from a “hold (c)” rating to a “buy (b-)” rating in a research report on Friday, May 1st. Zacks Research lowered shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 25th. Finally, BNP Paribas Exane raised TotalEnergies from a “neutral” rating to an “outperform” rating in a research note on Friday, April 17th. Ten research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $84.33.

TotalEnergies Stock Down 0.3%

TotalEnergies stock opened at $80.98 on Wednesday. The company has a current ratio of 1.08, a quick ratio of 0.85 and a debt-to-equity ratio of 0.41. TotalEnergies SE Sponsored ADR has a 1-year low of $57.39 and a 1-year high of $94.17. The firm has a market capitalization of $194.17 billion, a price-to-earnings ratio of 12.00, a P/E/G ratio of 2.89 and a beta of 0.14. The firm has a 50 day simple moving average of $85.24 and a 200 day simple moving average of $81.29.

TotalEnergies (NYSE:TTE) last issued its quarterly earnings data 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 business had revenue of $49.52 billion for the quarter, compared to analysts’ expectations of $44.58 billion. On average, analysts predict that TotalEnergies SE Sponsored ADR will post 10.58 earnings per share 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.