TotalEnergies SE Sponsored ADR $TTE Stock Position Increased by Faithward Advisors LLC

Faithward Advisors LLC increased its holdings in TotalEnergies SE Sponsored ADR (NYSE:TTE) by 4,725.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 216,431 shares of the company’s stock after buying an additional 211,946 shares during the period. TotalEnergies accounts for 2.6% of Faithward Advisors LLC’s investment portfolio, making the stock its 8th biggest position. Faithward Advisors LLC’s holdings in TotalEnergies were worth $19,691,000 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. Brave Asset Management Inc. purchased a new stake in shares of TotalEnergies during the first quarter worth $261,000. Community Bank & Trust Waco Texas bought a new position in shares of TotalEnergies in the first quarter worth $473,000. Anchyra Partners LLC grew its position in shares of TotalEnergies by 17.8% in the first quarter. Anchyra Partners LLC now owns 6,034 shares of the company’s stock valued at $549,000 after purchasing an additional 911 shares in the last quarter. Roxbury Financial LLC purchased a new position in shares of TotalEnergies in the first quarter valued at $265,000. Finally, SG Americas Securities LLC bought a new stake in shares of TotalEnergies during the 1st quarter valued at $279,000. Institutional investors own 16.53% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on TTE shares. Weiss Ratings raised TotalEnergies from a “hold (c)” rating to a “buy (b-)” rating in a report on Friday, May 1st. Wall Street Zen raised TotalEnergies from a “hold” rating to a “buy” rating in a report on Saturday. JPMorgan Chase & Co. raised shares of TotalEnergies from a “neutral” rating to an “overweight” rating in a report on Monday, March 2nd. CICC Research started coverage on shares of TotalEnergies in a report on Tuesday. They issued an “outperform” rating on the stock. Finally, Piper Sandler raised 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. Ten equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, TotalEnergies currently has an average rating of “Moderate Buy” and an average price target of $84.33.

TotalEnergies Price Performance

Shares of NYSE TTE opened at $80.40 on Wednesday. The firm has a market capitalization of $192.77 billion, a P/E ratio of 11.91, a P/E/G ratio of 2.74 and a beta of 0.12. 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’s 50-day simple moving average is $88.90 and its two-hundred day simple moving average is $79.96. TotalEnergies SE Sponsored ADR has a twelve month low of $57.39 and a twelve month high of $94.17.

TotalEnergies (NYSE:TTE) last released its quarterly earnings results on Wednesday, April 29th. The company reported $2.45 earnings per share for the quarter, beating the consensus estimate of $2.22 by $0.23. The firm had revenue of $49.52 billion for 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, equities analysts anticipate that TotalEnergies SE Sponsored ADR will post 11.09 EPS for the current fiscal year.

TotalEnergies 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.