Elevation Point Wealth Partners LLC Buys 14,629 Shares of TotalEnergies SE Sponsored ADR $TTE

Elevation Point Wealth Partners LLC lifted its stake in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) by 105.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 28,487 shares of the company’s stock after buying an additional 14,629 shares during the quarter. Elevation Point Wealth Partners LLC’s holdings in TotalEnergies were worth $2,599,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

TotalEnergies Stock Performance

Shares of TTE opened at $76.73 on Friday. 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 business’s 50 day moving average price is $86.97 and its 200-day moving average price is $80.51. TotalEnergies SE Sponsored ADR has a 52 week low of $57.39 and a 52 week high of $94.17. The stock has a market cap of $183.99 billion, a P/E ratio of 11.37, a P/E/G ratio of 2.57 and a beta of 0.14.

TotalEnergies (NYSE:TTE) last posted its quarterly earnings data on Wednesday, April 29th. The company reported $2.45 earnings per share for the quarter, beating 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 company had revenue of $49.52 billion during the quarter, compared to analyst estimates of $44.58 billion. Equities research analysts anticipate that TotalEnergies SE Sponsored ADR will post 11.23 earnings per share for the current fiscal year.

Analysts Set New Price Targets

TTE has been the topic of several recent research reports. Morgan Stanley reaffirmed an “overweight” rating on shares of TotalEnergies in a research note on Tuesday, May 12th. TD Cowen reissued a “buy” rating on shares of TotalEnergies in a research report on Monday, April 20th. Kepler Capital Markets upgraded shares of TotalEnergies from a “reduce” rating to a “hold” rating in a report on Thursday, April 23rd. Weiss Ratings raised shares of TotalEnergies from a “hold (c)” rating to a “buy (b-)” rating in a research report on Friday, May 1st. Finally, Zacks Research lowered shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 25th. Ten 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, the company has an average rating of “Moderate Buy” and an average price target of $84.33.

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.